Built AI closes £2m for commercial property analysis platform

Proptech startup Built AI has closed a £2m seed round for its commercial real estate analytics platform. Built AI uses natural language processing – a subset of AI – to extract key data from property brochures uploaded by users. The startup says this information can help commercial real estate investors save time when assessing properties. The platform can then use this data to create a business plan with estimated rates of return for potential investments. The London-based startup was co-founded by Firoz Noordeen, Natan Lempert and Jeffrey Ng.