Stonal funding news – Real Estate Data Management Platform Stonal Secures up to €100 Million in Funding
May 6, 2024 | By Team SR
Paris-based Stonal secures up to €100 million in a strategic investment by Aareon, a European provider of SaaS solutions. Since its founding in 2017, Stonal has worked to provide investors and asset owners with large-scale, high-quality data.
SUMMARY
- Paris startup Aareon secures up to €100Million investment to accelerate its European expansion.
Building data is extracted from papers and drawings via its collaborative AI-powered platform, which makes an accurate and live building database available to stakeholders including insurers, surveyors, and property managers. ESG reporting and capital expenditure planning are provided via its decision-making modules to boost profits, boost efficiency, and protect value.
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The firm has swiftly entered the residential and commercial real estate markets since its founding. One of the first generative AI solutions for real estate investors and owners, Stonal introduced its own StonalGPT in early 2024, solidifying its position as a leader in this space.
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Robin Rivaton, CEO of Stonal, shared: “The real estate industry, both residential and commercial, is at a crossroads. AI is a massive opportunity to reshape it deeply, but it requires a significant amount of data on which to be trained. To reach such a scale, we are accelerating our European expansion thanks to this strategic partnership with Aareon.”
SaaS solutions for the European real estate market are offered by Aareon. Aareon supports 13,000 clients, totaling 18 million dwelling units, through facilities in France, Germany, the Netherlands, Spain, Sweden, and the United Kingdom.
Harry Thomsen, CEO of Aareon shared: “Investing in Stonal is a strategic step to strengthen our “Aareon Sustain” product portfolio and amplify our proficiency in AI technology across the Aareon Group. With an expected uptick in the need for robust data management solutions, this collaboration not only reinforces the existing partnership between Stonal and Aareon in France but also equips us to meet our customers’ needs and deliver unrivalled innovation and operational excellence.”
The real estate industry's increasing need for technical solutions that help it overcome the main obstacles it confronts is reflected in Aareon's investment in Stonal, which applies to both bigger and smaller businesses.
High interest rates result from a confluence of factors like growing ESG standards, more capital expenditures for greener properties, stricter building safety laws, and a rise in vacancies brought on by remote work for offices.
About Stonal
An AI-driven platform to increase data utilisation. Their goal is to give important real estate asset owners and managers trustworthy information on their holdings. Instead of collecting the data, you now use it to make your assets more liquid. For owners and managers of multi-class real estate assets, Stonal is the top artificial general intelligence platform.