Jeffrey Bazar, general partner at JBV Capital and board member at Placer.ai, said: “Placer’s rapid growth has been amazing to witness. Noam and his team have done a remarkable job simplifying and standardising how companies of all sizes support these business-critical use cases.
“As a result, they have built the new clear software leader in the industry, which represents an incredibly large market that can’t adopt Placer’s solution fast enough.”
NewMark Merrill CEO and president Sandy Sigal added: “Until Placer.ai, deciding which properties to buy or sell was a combination of disparate facts, intuition and witchcraft. Placer.ai is a game-changing product and it is driving widespread adoption across the CRE and retail industries.”
Prior to its Series A, Placer.ai raised $4m in its seed round of funding, with investment from Chicago-based IrishAngels Ventures, Stage Venture Partners and Array Ventures.
This is an excerpt from the article “Placer.ai’s analytics tool for retail and hospitality raises $12m“.