Ryerson Futures company Clik.ai announced it has closed a fundraising round of $2MM USD led by a group of Canadian, American, and international investors, including Redmore Properties Inc., Pavin Ventures, and others.
Clik.ai will use the new funds to continue to develop their growing technology, data science, and product teams. Clik.ai currently has over 30 team members spread across its North American and Indian offices and will use the funds to hire and set up design, product management, and user experience design teams in Toronto, along with increasing its data science research and development in India by hiring more experienced engineers.
Headquartered in Toronto, with offices in New York and India, Clik.ai is a leading real estate document extraction and digitization platform for the real estate and mortgage industries. Top real estate, mortgage brokerage, and commercial mortgage lending companies—such as Newmark Knight Frank, Bellwether Enterprise, Northmarq Capital, and others—can bring significant efficiencies and save hundreds of daily manual hours that are typically spent managing loan origination, valuation, and mortgage servicing processes.
“With over 30 years experience in the commercial real estate arena, I have seen cash flow analysis, due diligence, and data exchange take many forms as it moves toward a more automated and fully optimized approach,” says Damien Moore, President of Redmore Properties. “Clik.ai goes one step further. With machine learning and simplified on-boarding, they will become the main disrupter in the loan servicing and origination space, and will further impact the CRE asset management and brokerage sectors as the requirement to aggregate and exchange data from all sources within an ecosystem becomes a cost premium.”
The company recently rolled out its commercial mortgage servicing division, assisting mortgage servicers to utilize Clik.ai’s software solutions and expertise, allowing their teams to reduce costs significantly and be more efficient.
Currently, Clik.ai assists commercial mortgage originators and servicers evaluating over $1B in mortgages every month. Three of the top ten mortgage banking firms in the US now work with Cilk.ai, with more on the horizon, as well as exploration into the Australian and European markets.
For more information, check out their website at Clik.ai.
Unsplash: Hana Kim