According to a press release, Archilyse has concluded a series A round of financing, from which it was able to secure 4 million Swiss francs in fresh capital. The company already has 3 million Swiss francs from this, with the rest to come over the next few weeks. The round was led by the German venture capital fund PropTech1 Ventures. Other financial backers included SIX Group, Swiss Immo Lab AG, DeepTech Ventures and existing investors.
Archilyse has developed software to analyze real estate. This can replace virtual real estate models that are integrated into a model of the environment. For example, a previous press release from the Swiss Federal Institute of Technology in Zurich (ETH) regarding the spin-off states that Archilyse can “calculate how much water or how many mountain peaks can be seen from each square centimeter.” The analyses are offered to project developers, architects and real estate companies that can market them.
The data used by Archilyse is nothing new, but until now it has not been compiled and put into context. The ETH spin-off’s software takes on these processes based on machine learning and artificial intelligence.
The start-up now hopes to build upon its product range and launch a web application that is user-friendly. It also aims to expand further into Nordic countries, the United Kingdom and certain countries in the Asia-Pacific Economic Cooperation, among others.
Archilyse has already completed financing rounds in 2017 and 2018, raising 1.2 million Swiss francs from these.