Join Now! /

Geowox uses AI to undertake property valuations

Startacus RSS

by Startacus Admin

Geowox, the Irish startup that is innovating the property valuation sector...

Geowox logoDublin-based property tech startup Geowox is out to disrupt the property valuation sector. Everything else is becoming automated, so why not property valuation? They want to put an end to people inspecting houses to produce their reports, and instead use a data-driven, machine learning process that looks at other similar properties and what they sold for, adding this to millions of other data points to produce a highly accurate valuation. You can also get a comprehensive analysis of an entire neighbourhood, including schools, transport, population, and crime rates; vital information for commuters and families in particular.

geowox screenCurrently, Geowox’s primary clients are banks, whom their platform helps to valuate properties for mortgages, as well as internal auditing and appeasing regulators, but they hope to expand this soon to other areas of the property sector. Estate agents would be the most obvious clients, but sellers who would rather go it alone and avoid paying fees to an estate agent could also greatly benefit from an accurate valuation tool like Geowox.

Recently, Geowox raised €500,000 in funding, which will allow them to boost its staff from 5 to...more than 5, bringing in more data engineers and data scientists to help get the platform ready for the ramp up to their Series A funding round in 2020.

We look forward to seeing what they build with the investment...

Subscribe to our newsletter

If you would like to receive our startup themed newsletter, full of the latest startup opportunities, events, news, stories, tips and advice, then sign up here.
Startacus RSS
Business DealsSubmit Your Startup
Win TicketsNetwork and Collaborate
Our Latest Features

Published on: 8th September 2019

If you would like to enable commenting via your Startacus account, please enable Disqus functionality in your Account Settings.

Create an Idea!View Other Ideas, Projects or Startups
Why not Sign Up?
Create Projects
Edit Projects
Self Interviews
Self Starter of the Year
Product Giveaways
Subscribe to our Newsletter
Check us out at our Google+ page!