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Cherre Raises $30M to Power the Real Estate Industry’s Data Revolution
- Cherre has raised $30m in its series C funding round. The funds will be used to expand the platform and services that provide users with greater direct control of their data. Cherre’s platform allows businesses to unify data silos across an entire organisation for more efficient and effective data mining. Its solutions include the integration of data pipelines, data remediation, interoperability and using collected data in custom models, applications, analysis, and reporting.
- The Manhattan-based company has secured $105m in funding to date. The latest round was led by HighSage Ventures, with participation also from Nuveen Real Estate, RXR Realty, TA Realty, Trustbridge Partners, Glilot Capital Partners, Intel Capital, and Carthona Capital.
- Cherre aims to connect all real estate data, and in doing so simplify the management process and help businesses make more informed decisions. Cherre CEO and co-founder L.D. Salmanson said that the platform’s agility and focus has enabled the company to scale double digit revenue growth.
- Cherre has a flexible subscription-based SaaS model and targets the large real estate enterprises as well as mid-market firms.
- The New York-based firm’s platform offers clients transparency and control over their data pipelines and transformations. Real-time observability, validation, and error remediation tools are available, ensuring improved data quality and accuracy over time. Cherre’s ecosystem of industry data providers, applications, and solution and service providers delivers a full ecosystem for clients' data needs.
- Over the next six months, Cherre plans to innovate on its platform UI, increase its observability and validation features, and explore new data intelligence and AI capabilities to enable its clients to utilise actionable data insights.
- Cherre's success reflects a revolution in real estate, where data gives richer insights into asset price, trends and possible unseen opportunities by most players across that market.
- Cherre prepares for the future and economic uncertainty by prioritising high-margin growth, which has maintained investor interest and enabled the company to grow throughout the ups and downs of capital and real estate markets.
- Cherre was founded in 2016 with the goal of simplifying the real estate data management process. Cherre’s platform brings together different data silos to help firms make more informed decisions.
- The real estate data management and intelligence platform Cherre sets itself apart by allowing businesses greater control over their data to make more informed decisions. Instead of using traditional data management platforms, Cherre's platform offers real-time validation and error remediation, providing businesses with greater accuracy when using the collected data across different systems.
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