Sequoia, JLL, TLV Invest in Israeli Property-Technology Startup
- Skyline AI raises $18 million in Series A funding round: CEO
- Gary Wipfler, Apple’s treasurer, has also become an investor
Photographer: Simon Dawson/Bloomberg
Skyline AI Ltd., a property-technology startup, raised $18 million in a Series A round led by investors including Sequoia Capital and TLV Partners, with participation from a unit of Jones Lang LaSalle Inc., said Skyline Chief Executive Officer Guy Zipori.
With the help of artificial intelligence, Skyline operates a platform that uses data to enable commercial real estate investors to make decisions, including predicting future valuations. The new capital injection comes after Sequoia led a $3 million seed-funding round in March for Skyline, and will be used to extend its platform integration to include additional asset classes. Skyline, which has offices in Tel Aviv and New York, is currently focused on multifamily and will expand to office and industrial properties.