The Urbanmetry team
Urbanmetry, an AI-driven city and property data company in Malaysia, has closed its pre-Series A round of US$2 million led by Monk’s Hill Ventures.
The Kuala Lumpur-headquartered startup will use the money to develop intelligent data products and platforms to serve end consumers in the property and mortgage markets. A portion of the capital will be used to build out its product, technology, data, and business development teams, as per a press note.
Urbanmetry is a property data company that harvests, cleans, and analyses large amounts of city data through artificial intelligence and proprietary algorithms to extract trends and patterns in the built environment.
It offers this data to public and private sectors to create a more efficient and transparent property market, improve city planning, and shape a sustainable urban environment.
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“For years, our engineers have been building in-house AI and data-powered solutions to help banks, government, and property developers better quantify risks and opportunities in the real estate market. However, the data gap is detrimental to both key industry players and individual homeowners alike. In the future, our team plans to push the technological envelope further to better fund homeowners and build sustainable cities for our shared future,” said Urbanmetry CEO and Founder Koh Cha-Ly.
Urbanmetry boasts over 150 corporate clients in the region, including UEM Sunrise, Kuok Group, RHB Bank, and the World Bank. Clients partner with Urbanmetry to conduct their due diligence and analysis of the housing and property market before making multimillion-dollar investment decisions.
In addition to providing data and insight to institutional clients, Urbanmetry also offers products for the homeowner. To assist homebuyers in making their mortgage commitment, Urbanmetry has launched Nowcast. This AI-driven service helps homebuyers forecast the value of their homes based on machine learning from 90 city data variables. Nowcast reports are available through banks in Malaysia to mortgage applicants today.
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