#USA #New York #AI Platform #commercial real estate #Cadastral

Cadastral Secures $9.5 Million for AI Development

Cadastral, Inc., a pioneering company specializing in AI-driven software for the commercial real estate (CRE) sector, has successfully raised $9.5 million in funding. This investment comes from prominent backers including Navitas, JLL Spark Global Ventures, AvalonBay, Equity Residential, and 1Sharpe. The funds will primarily be used to accelerate product development and enhance marketing initiatives, as Cadastral aims to establish itself as the leading provider of an "AI analyst in a box" for real estate, private equity, and private credit sectors.

Since launching its flagship product in late 2025, Cadastral has quickly gained traction, securing over 40 clients across various commercial real estate sectors. The company’s CEO and co-founder, Abhinav "Abe" Somani, emphasized the need for the real estate sector to leverage transformational AI platforms akin to those developed in other industries. Cadastral’s comprehensive AI-driven analytics service is geared toward professionals engaged in acquisitions, asset management, lease administration, tenant services, legal affairs, lending, and capital markets.

The company’s focus on industry-specific AI solutions differentiates it from general-purpose AI platforms. Cadastral delivers tools and AI agents tailored for commercial real estate workflows, enabling users to perform tasks such as T-12 analysis, lease abstraction, loan compliance, acquisition diligence, and comprehensive underwriting with remarkable efficiency. According to Somani, who has over two decades of experience in real estate investment and enterprise software, the timing for AI integration within the industry is crucial as organizations reevaluate their strategies.

Jenny Song, a partner at Navitas Capital, the lead investor, noted that vertical AI with deep sector knowledge is essential for unlocking value in real estate. Cadastral's rapid adoption and user-friendliness are seen as significant advantages in a traditionally slow-moving sector. The platform is designed for immediate use, requiring no specialized training for clients, and ensures that customer data remains confidential, with no usage for model training.

Raj Singh, managing partner at JLL Spark Global Ventures, expressed enthusiasm regarding Cadastral's offerings, highlighting the speed with which users can derive value from the product. The company's CTO and co-founder, Aman Dhesi, who has previously developed large-scale AI systems at Meta, DoorDash, and Square, echoed this sentiment, stating that Cadastral democratizes advanced AI capabilities for all stakeholders in the real estate sector, from small owner-operators to large publicly traded REITs.

Cadastral integrates seamlessly with leading document management systems such as SharePoint, Box, and Dropbox, as well as essential real estate platforms like Yardi. The company’s mission, since its establishment in 2023 and headquartered in New York City, is to facilitate access to AI tools and agents for real estate and private equity professionals worldwide.

Overall, Cadastral's recent funding round signifies a notable advancement in harnessing AI technologies for enhancing efficiency within the commercial real estate industry, and positions the company as a formidable player moving forward.