Prologis – a global leader in logistics real estate – recently announced that it has deployed TestFit’s real-time AI to help them better judge the feasibility of new warehouse sites. Prologis Ventures co-led in the Series A round with Parkway Venture Capital, which closed in June 2022 and additional investor Perot Jain.
TestFit’s real estate feasibility platform offers insights into design, constructability, the costs in early-stage site planning, and it has been the gold standard AI software for multi-family – working with 50% of the top 10 multi-family developers today.
Prologis Ventures (the venture arm of Prologis) has focused its investment strategy on innovative solutions that solves the most critical pain points in areas like operations, sustainability, energy and construction. And Prologis has been piloting TestFit to give its teams real-time insights on design, evaluation of constructability, and forecasting of costs for new logistics sites.
The partnership between Prologis and TestFit is going to be profiled in an upcoming webinar titled, “It’s Time to Get AI-Ready in Real Estate Development” on October 26, hosted by TestFit CEO Clifton Harness and Will O’Donnell, Managing Director, Prologis Ventures.
KEY QUOTES:
“Innovation and staying ahead of what’s next has been fundamental to our company’s forty-year success. TestFit is a perfect example of how we continually invest in new technologies such as AI that empower our employees.”
— Will O’Donnell, Managing Director, Prologis Ventures
“Prologis is a great case study on how meaningful AI can supercharge the feasibility process. TestFit has helped existing customers speed up their site planning by as much as ten times. It’s incredible to see the success we’ve seen in multi-family applied in the industrial space.”
— Clifton Harness, CEO and Co-founder, TestFit
