Assessment.tech

"Evaluation.tech" is an artificial intelligence-based service that automatically evaluates real estate properties that borrowers order to obtain a mortgage loan or refinance it. The platform aggregates a large amount of data from open sources, real estate classifications, paid information channels, geoinformation systems and, due to this, allows you to determine the market value of an apartment or apartment with maximum accuracy.

AI also helps combat frood - for example, situations where the value of a property is artificially inflated by realtors before it is sold. The technology "Estimate.tech" compares prices in a large time interval and provides analysts about the dynamics of the cost of housing according to the time tape of events. This eliminates spontaneous price increases in a particular area.

History

2024: Attracting 15 million rubles of investments

At the end of May 2024, it became known that the company "Valuation Technologies," the developer of a real estate valuation service based on artificial intelligence "Appraised.tech," held another round of financing. Business angels provided funds in the amount of 15 million rubles.

The Evaluation.tech platform automates the process of evaluating real estate for mortgage lending. Valuation Technologies cooperates with such developers as A101, Precisely Group, Dogma, Country Development, Golos, Ava Group and Suvar Building.

Freepik

According to RB.RU, during the new round of financing, funds were provided, among other things, by business angel Ildar Gamilov. He already invested in the company at the beginning of 2023, when Value.tech received 9 million rubles under the pre-seed program. The funds raised are planned to be used to refine AI technologies, as well as to develop the project for the B2C segment.

As of the beginning of January 2024, 54% of the Valuation Technologies company was owned by founder Mikhail Chernov, 46% by business angel Ildar Gamilov. In early June 2024, information appeared that Kazan businessman Gennady Alyakin, who develops a network of gas stations under the Rosnefteprodukt brand, acquired 4% in this enterprise. At the same time, Chernov's share decreased to 51.9%, Gamilov - to 44.1%. Earlier, Alaska was not one of the participants in the Valuation Technologies company.

The creators of the service declare that Evaluation.tech is preparing an assessment report for the corresponding FZ-135, then evaluators throughout Russia only sign this document. The service, it is alleged, reduced the cost of the report by 6 times and increased the speed of formation of the conclusion. The platform provides realtors, mortgage services, banks, developers and bulletin boards with the opportunity to implement a property valuation function for their customers.^[1]

2023: Attracting 9 million rubles of investments

On February 13, 2023, it became known about investing 9 million rubles in the real estate valuation service "Evaluation.tech." Business angel Ildar Gamilov invested in it as part of the seed round. The startup plans to spend the funds received on the development and hiring of employees.

In 2023, Evaluation.tech expects to launch a service throughout the million-plus cities of Russia and implement the functionality of predictive analytics for real estate objects. By mid-February 2023, the platform operates in Moscow and Kazan.

Pokrovka Street in Moscow

{{quote 'I have quite a lot of experience in real estate purchase and sale transactions - and in most of them the valuation was a necessary procedure. I know well how this process works and I believe that it can and should be automated. In my opinion, the launch of the project once again proves that the field of real estate and mortgage lending is one of the most promising niches for implementation AI, - said Ildar Gamilov.}}

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