1/3 of all rentals in the US are single-family homes. Increasing home prices and institutional capital has made the single-family rental (SFR) market quite extremely attractive. As professional investors, both institutional (only~2% of the market presently) and private flock to the space, they need the appropriate tools to streamline all facets of the investment journey and are turning to technology for this need. Haystacks.ai is a real estate data platform that serves as an underwriting tool that initially helps investors identify and acquire mispriced SFR inventory that’s available. Through its proprietary ML and AI technology, the platform synthesizes 275+ disparate data distributes attributes and layers it with traditional structured data, enabling investors to source, evaluate, and forecast property values. Haystacks.ai manages the entire lifecycle of the ownership, providing reporting and tracking on an ongoing basis so owners have near real-time visbility into portfolio performances. As more institutional capital is deployed in the space, quickly processing data at scale will unlock new opportunities and Haystacks.ai is adding to its core capabilities to allow investors to deploy capital into the right opportunities.
AlleyWatch caught up with Haystacks.ai Cofounder Sourav Goswami to learn more about how the funding team’s tenure in real estate private equity served as the foundation and inspiration for the business, the company’s strategic plans, latest round of funding, which brings the total funding raised to $8M, and much, much more…