Four breakthrough companies were accepted into Dreamit’s growth-focused program for startups reshaping the built environment.
This week, our team at Dreamit announced our twenty-fifth cohort of startups. We chose 18 startups from over 1,300 applications to participate in the Fall 2018 cohort, which kicked off on September 3. Four of these startups will take part in Dreamit’s UrbanTech program for startups in real estate tech and construction technology.
The four startups selected are addressing major challenges across the value chain of real estate, including streamlining the way developers utilize zoning data, enabling smart buildings to control themselves for energy and cost savings, reducing the time and complexity around analyzing applications for renters, and giving all building owners the ability to provide tenants with a robust amenities platform.
During the next 14 weeks, our team will provide the startups with access to extensive customer, industry, and investor networks. During two weeks of Dreamit Customer Immersions, founders will meet with senior leadership at some of the largest real estate and construction firms in multiple cities. As Dreamit’s focus during acceleration is to have startups close their next round within six months after the program, the capstone is a 2-week bi-coastal curated investor roadshow where startups meet one-on-one with interested investors.
Dreamit UrbanTech startups are creating products that build upon emerging technology to solve critical problems in real estate and construction:
Especially in urban areas, modern tenants expect strong digital offerings that connect them to amenities in their building and in the local community.
With acceptance criteria for housing remaining stringent and cybercrime becoming easier to perpetrate, landlords need better tools and new data points to reduce instances of application fraud and to better vet renters.
Real estate developers who are not leveraging software and data to answer questions on issues like zoning will be at a greater time and resource disadvantage to their competitors.
Buildings account for over 40% of carbon emissions in the United States, but AI and machine learning are enabling owners to automate their buildings to reduce energy consumption, increasing comfort for tenants and reducing costs for owners.
Learn about the New Cohort of Dreamit UrbanTech:
Amenify provides turn-key amenity solutions like dog walking, on-site fitness, housecleaning, massage, ride-sharing, gym memberships, and other experiences for multi-family building residents.
San Francisco, CA
iDevelop.City helps developers maximize the value of any lot and find hidden opportunities with software that automatically accounts for zoning regulations, enabling developers to run unlimited “What-if?” scenarios (e.g., lot combinations, variances).
Palo Alto, CA
PassiveLogic turns complex building automation into a simple plug-and-play experience with tablet-based software that quickly scans a building and creates its “digital twin,” complete with autonomous algorithms that enable smart buildings to control themselves.
Salt Lake City, UT
Snappt provides landlords with a mobile-friendly rental application and leasing platform that aggregates all applicant data directly from the source, evaluates any self-uploaded documents for possible fraud, and qualifies the resident based on the property owners’ acceptance criteria.
Los Angeles, CA
Smart Barrel drastically reduces construction labor fraud with a sign in kiosk equipped with a facial detection camera. Rugged, solar powered and self-contained, with no app or RFID tags required, Smart Barrel provides instant, “tag-buddy proof” time sheets with indisputable audit trails.
Full link here: https://www.dreamit.com/journal/dreamit-urbantech-fall-2018