San Francisco-based HomeLight is committed to developing AI-driven software and services for home buyers, sellers, and real estate agents.

HomeLight raised $109 million for artificial intelligence.
HomeLight raised $109 million for artificial intelligence.

And today announced that it had raised $109 million from several investors, bringing its total financing to more than $160 million. Zeev Ventures led the round of the funding and participated in companies such as Group 11, Menlo Ventures, Crosslink Capital, and Stereo Capital.

CEO Drew Uher said the new funding would be used to expand the company's agent and investor matching platforms, develop new consumer products and expand the reach of existing tools. In the previous year, HomeLight established an agency service department – ​​designed to expand into 30 markets by 2020 – to provide equity and hosting services for agents and homeowners and then acquired Eave, a Colorado-based company, to expand mortgages.

"We are exploring future real estate transactions. The latest round of financing represents a major vote for this goal. In the process, we have not had a more trustworthy and loyal partner group," said Uher, who founded HomeLight in 2012. "We are more excited than ever about the future of the real estate and the ability of HomeLight to drive better growth. The experience of consumers and agents."

HomeLight said its algorithm uses more than 40 million real estate transactions and more than 1.4 million brokers to compare multiple metrics for agents, such as the number of homes sold within a mile of a given property and the properties sold. The percentage of the price tag. HomeLight advises the best-performing agents and directs people who want to sell their homes to their simple sales products, using a network of more than 70,000 pre-approved agents and more than 150 buyers who compete to buy cash.

HomeLight touts the advancement of its home value estimator, which takes advantage of the AI ​​model that considers answers to questions such as "What is the condition of the house?" and "What type of house is it?" "Multiple Trustworthy Resources" accurately predicts the current value of your home.

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