The list of failures and underperformers from the frothy investment period a few years ago includes many exceptionally well-funded real estate plays. Examples include WeWork, ibuyers such as Opendoor and Offerpad, and construction industry disruptors like Veev and Katerra. More recently, as investors put dry powder to work at the intersection of artificial intelligence and real estate, we're seeing a less capital-intensive dynamic play out. Deals are getting done, but rarely at unicorn valuations. So far this year, a little more than $200 million has gone to startups applying artificial intelligence to real estate-related sectors like property management and construction, per Crunchbase data. Investment is on pace to exceed last year but remains below prior highs, as charted below. !function(e,n,i,s){var d="InfogramEmbeds";var o=e.getElementsByTagName(n)[0];if(window[d]&&window[d].initialized)window[d].process&&window[d].process();else if(!e.getElementById(i)){var...
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