Real estate and asset management platform Aeria has secured $1.8 million in pre-seed funding led by Kalaari Capital, Foundamental, AC Ventures, AL Trust, and others. The company plans to expand its AI-enabled solutions across Southeast Asia, the Middle East, and other Asian countries in the next year.
Founder and CEO at Aeria, Priyanka Gera mentioned, “Commercial real estate in APAC is estimated at 52 billion square feet, expanding at a CAGR of 15 per cent. However, most owners currently rely on traditional methods to manage facilities and tenants. We aim to use technology to transform this experience and bring in efficiency to the owner’s operations.”
Aeria offers a comprehensive solution integrated with multiple technologies to create engaging digital experiences in one app, managing operations by digitizing and automating manual tasks. Developers and asset managers can utilize Aeria’s detailed analytics suite to improve financial performance up to 15 per cent by making data-driven decisions.
Partner at Kalaari Capital, Sampath P, stated, “In an environment of digital disruption and technology, focus on improving tenant and visitor experiences is mission-critical. We believe that commercial real estate is going to get a massive digital upgrade.” Real estate is a significant industry in India contributing to about 7.3 per cent of the GDP.
