Published On: Wed, Nov 21st, 2018

Deutsche Bank adopts Israeli Startup’s SkyLine AI technology to improve Real Estate investments

DWS Group and @SKYLINE_AI announce partnership to bring artificial intelligence to real estate investing #artificialintelligence #AI #realestate

SkyLine AI-L-R Or Hiltch (CTO), Iri Amirav (CRO), Amir Leitersdorf (chairperson) CEO Guy Zipori -PR

DWS group, the investment arm of Deutsche Bank, which manages assets worth about $700 billion, has announced that it has entered into a strategic partnership with and has become a minority shareholder in Skyline AI, an Israeli real estate asset management technology company.

Skyline AI’s technology help real estate investors identify promising properties, is designed to enhance the investment process for real estate investments. The company already analyze, acquire, manage and sell institutional-grade real estate investment opportunities throughout the United States.

Headquartered in Tel Aviv and office in New York, Skyline AI co-founded in 2017 by Iri Amirav, Or Hiltch, Guy Zipori, and Amir Leitersdorf. The company came out of stealth mode earlier this year with $3 million in seed funding, and it has raised an $18 million Series A.

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The round was led by Sequoia Capital, a returning investor, and TLV Partners, with participation from JLL Spark, a division of real estate investment management firm JLL.

“This is another step in our strategy to leverage DWS product capabilities to support our clients and make investments where we see opportunities to create value,” Pierre Cherki, DWS Board member and Co-Head of the Investment Group at DWS, said. “Collaborating with an early stage company that uses AI to bolster efficiency and enhances the real estate investment process supports our overall aim of pursuing value for our clients through comprehensive and innovative investment strategies.”

Guy Zipori, Co-founder and CEO of Skyline AI, said: “We are thrilled to be collaborating with DWS. Their expertise and long-standing real estate investment operations create a good climate for our technology to thrive. The commercial real estate market is on the cusp of a seismic change, and those who are agile enough to adopt new strategies and technologies are going to shape the new economic reality. As one of the largest players in the industry, DWS has the innovative spirit to lead the market in the adoption of advanced technology.”

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