Geowox uses AI to undertake property valuations
by Startacus Admin
Geowox, the Irish startup that is innovating the property valuation sector...
Dublin-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. 
Currently, 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.
The Yorkshire-based tech spin-out, FourJaw secures major funding to assist with developing its technological solutions for the manufacturing sector
The lowdown on Jack & Bry, the innovative London-based startup that makes a range of plant-based meats, all from Jackfruit
Week Gen-C is a week long calendar of events focused on entrepreneurship and careers, aimed at helping young people affected by the covid pandemic in the North West of NI
Leading startup community, YSYS launch 4 days of innovative online conversations and a range of new initiatives with the core theme of “Access”
Jean Gamester from Toastmasters International shares her tips on bringing back some of that old normal and staying fabulously virtually connected
Karakuri is a London-based startup that's using robotics to create innovative solutions for the catering sector
Planning to launch a fashion brand this year? Here are a few basic tips that will help you do just that and get your business off to the right start
Bippit is an online platform and app that helps companies to support the financial needs of their employees - not just via their salary
.png)
2021 may be a challenging time to start a business, but these tips should help you get it right...
Startacus and Hatch Enterprise celebrate International Women’s Day by partnering with NetMinds to bring together female founders for a virtual speed networking event
Published on: 8th September 2019
If you would like to enable commenting via your Startacus account, please enable Disqus functionality in your Account Settings.
- FourJaw’s six figure venture capital boost 1st Mar 2021 The Yorkshire-based tech spin-out, FourJaw secures major funding to assist with developing its technological solutions for the manufacturing sector
- Week Gen-C to offer career and entrepreneurship respite to pandemic-hit youth 1st Mar 2021 Week Gen-C is a week long calendar of events focused on entrepreneurship and careers, aimed at helping young people affected by the covid pandemic in the North West of NI
- #YSYSAccessWeek: Building a diverse, inclusive and accessible tech startup ecosystem 28th Feb 2021 Leading startup community, YSYS launch 4 days of innovative online conversations and a range of new initiatives with the core theme of “Access”
- Startacus and Hatch Enterprise offer speed networking IWD-inspired event 24th Feb 2021 Startacus and Hatch Enterprise celebrate International Women’s Day by partnering with NetMinds to bring together female founders for a virtual speed networking event
