AIRE | Jotup

reAlpha Tech Corp. Launches Claire, Real Estate’s First AI-powered, Zero-Commission Smart Buyer’s Agent

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Wednesday, April 24, 2024

Commercial Building & Real Estate, Technology, Construction & Property, Finance, Professional Services, Software, Internet, Data Management, Artificial Intelligence, Residential Building & Real Estate, NAR, Artificial intelligence, National Association, AIRE, Real estate

reAlpha Tech Corp. (“reAlpha”) (Nasdaq: AIRE), a real estate technology company developing and commercializing artificial intelligence (“AI”) technologies, today announced the launch of Claire, the real estate industry’s first generative AI-powered, zero-commission Smart Buyer’s Agent.

Key Points:

reAlpha Tech Corp. (“reAlpha”) (Nasdaq: AIRE), a real estate technology company developing and commercializing artificial intelligence (“AI”) technologies, today announced the launch of Claire, the real estate industry’s first generative AI-powered, zero-commission Smart Buyer’s Agent.
Claire offers a cost-free alternative for homebuyers by utilizing an AI-driven workflow that guides them through the home buying process.
Homebuyers can use Claire’s innovative conversational interface to guide them through every step of their journeys, from property search to closing the deal.
Its capabilities are complemented and supported by a team of licensed agents all powered by reAlpha Realty, LLC (“reAlpha Realty”), reAlpha’s fully licensed and insured real estate brokerage based in Miramar, Florida.

reAlpha Tech Corp. Announces Financial Results for the Quarter Ended March 31, 2024

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Friday, April 19, 2024

Commercial Building & Real Estate, Technology, Construction & Property, Other Technology, REIT, Software, Other Construction & Property, Artificial Intelligence, Residential Building & Real Estate, Sale, AI, Depreciation, Forecasting, GENA, Adjustment, GAAP, AIRE, Bookkeeping

reAlpha Tech Corp. (“reAlpha,” the “Company,” “us,” “we” or “our”) (Nasdaq: AIRE), a real estate technology company focused on developing, utilizing and commercializing real estate-focused artificial intelligence (“AI”) technologies, today reports financial results for the first quarter ended March 31, 2024.

Key Points:

reAlpha Tech Corp. (“reAlpha,” the “Company,” “us,” “we” or “our”) (Nasdaq: AIRE), a real estate technology company focused on developing, utilizing and commercializing real estate-focused artificial intelligence (“AI”) technologies, today reports financial results for the first quarter ended March 31, 2024.
“reAlpha made significant strides in the first quarter of 2024 with the commercial launch of our AI-powered platform, GENA,” said Giri Devanur, Chief Executive Officer of reAlpha.
Revenues were $20,426 for the three months ended March 31, 2024, compared to $111,451 for the three months ended March 31, 2023.
For the three months ended March 31, 2024 and March 31, 2023, we did not have any non-recurring events.

reAlpha Tech Corp. Announces Financial Results for the Transition Period ended December 31, 2023 and Provides Business Update

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Tuesday, March 12, 2024

reAlpha Tech Corp. (“reAlpha,” “Company,” “us,” “we” or “our”) (Nasdaq: AIRE), a real estate technology company focused on developing, utilizing and commercializing real estate-focused artificial intelligence (“AI”) technologies, today provides a business update and reports financial results for the eight month period ended December 31, 2023.

Key Points:

reAlpha Tech Corp. (“reAlpha,” “Company,” “us,” “we” or “our”) (Nasdaq: AIRE), a real estate technology company focused on developing, utilizing and commercializing real estate-focused artificial intelligence (“AI”) technologies, today provides a business update and reports financial results for the eight month period ended December 31, 2023.
Recent strategic and operational highlights during the transition period ended December 31, 2023 include:
Listed on the Nasdaq Capital Market (“Nasdaq”) under the ticker symbol “AIRE” on October 23, 2023.
Revenue for the eight months ended December 31, 2023 was $121,690, compared to $284,666 for the eight months ended December 31, 2022.
For the transition period ended December 31, 2023 and the fiscal year ended April 30, 2023, we did not have any restructuring expenses or non-recurring acquisition-related compensation expenses.

reAlpha Tech Corp. Announces Executive Appointments

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Thursday, February 1, 2024

Technology, Residential Building & Real Estate, Construction & Property, Artificial Intelligence, Growth, CFO, AIRE, Acquisition, Trust, BMW

Mr. Aldecoa and Mr. Frenz will report to Mr. Logozzo, who will report to Giri Devanur, the Company’s Chairman and Chief Executive Officer.

Key Points:

Mr. Aldecoa and Mr. Frenz will report to Mr. Logozzo, who will report to Giri Devanur, the Company’s Chairman and Chief Executive Officer.
“We are confident their collective expertise will drive rapid commercialization and market leadership for reAlpha."
As President and COO, Mr. Logozzo takes the helm, steering reAlpha through day-to-day operations, strategy, and compliance.
Mr. Aldecoa's leadership will also guide the potential acquisition of future technologies, enriching reAlpha’s tech portfolio.

reAlpha Tech Corp. Enters into Letter of Intent to Acquire United Software Group

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Monday, December 18, 2023

Professional Services, Technology, Other Construction & Property, Construction & Property, Consulting, Artificial Intelligence, Acquisition, Engineering, Workforce, IBM, AIRE, USG, Growth, AI, Letter, U-JIN Tech Corp., Architecture

reAlpha Tech Corp. (“reAlpha” or the “Company”) (Nasdaq: AIRE), a real estate technology company focused on developing, utilizing and commercializing real estate-focused artificial intelligence (“AI”) to drive efficiency, sustainability and growth, announced today that it has signed a letter of intent (the “LOI”) to acquire United Software Group (“USG”), an Ohio-based privately-held, multi-industry information technology (“IT”) consulting company operating on a global scale (the “Acquisition”).

Key Points:

reAlpha Tech Corp. (“reAlpha” or the “Company”) (Nasdaq: AIRE), a real estate technology company focused on developing, utilizing and commercializing real estate-focused artificial intelligence (“AI”) to drive efficiency, sustainability and growth, announced today that it has signed a letter of intent (the “LOI”) to acquire United Software Group (“USG”), an Ohio-based privately-held, multi-industry information technology (“IT”) consulting company operating on a global scale (the “Acquisition”).
Acquiring USG will serve to advance reAlpha’s strategy to propel the digitization of the real estate industry through the development and deployment of innovative AI solutions.
Under the terms of the LOI, reAlpha intends to acquire USG through a combination of common stock and cash, some of which cash payments are subject to performance-based earn-out measures.
reAlpha believes that the Acquisition will provide significant synergetic contributions to our existing portfolio of technologies, in addition to providing immediate contribution to reAlpha’s revenues.

reAlpha Tech Corp. Announces Second Quarter 2023 Results and Provides Business Update

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Friday, December 15, 2023

reAlpha Tech Corp. (“reAlpha” or the “Company”) (Nasdaq: AIRE), a real estate technology company focused on developing, utilizing and commercializing real estate-focused artificial intelligence (“AI”) to drive efficiency, sustainability and growth, today provides a business update and reports financial results for the second quarter ended October 31, 2023.

Key Points:

reAlpha Tech Corp. (“reAlpha” or the “Company”) (Nasdaq: AIRE), a real estate technology company focused on developing, utilizing and commercializing real estate-focused artificial intelligence (“AI”) to drive efficiency, sustainability and growth, today provides a business update and reports financial results for the second quarter ended October 31, 2023.
“Our second fiscal quarter of 2023 marked a pivotal quarter for reAlpha,” said Giri Devanur, CEO of reAlpha.
Revenue was $33,459 for the three months ended October 31, 2023 compared to $110,624 for the three months ended October 31, 2022.
The Company had cash on hand of $605,337 and $ 1,256,868 as of October 31, 2023, and April 30, 2023 respectively.

reAlpha Tech Corp. to Acquire Naamche to Develop Next-Generation AI Solutions in Real Estate and Diverse Digital Platforms

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Monday, December 4, 2023

Commercial Building & Real Estate, Technology, Construction & Property, Other Technology, Professional Services, Building Systems, Data Analytics, Data Management, Other Construction & Property, Artificial Intelligence, Research, UX, Machine learning, Acquisition, AIRE, Growth, AI, U-JIN Tech Corp., Sales

Ltd. (collectively, “Naamche”), a technology company focused on developing AI-powered solutions for large industries, including real estate.

Key Points:

Ltd. (collectively, “Naamche”), a technology company focused on developing AI-powered solutions for large industries, including real estate.
Acquiring Naamche will serve to advance reAlpha’s long-term plan to become a leading AI solutions provider for the real estate industry.
reAlpha will leverage Naamche’s AI, machine learning, data engineering and marketplace creation technologies and capabilities to advance its strategy to deliver innovative real estate AI solutions.
“With the digitization of the global real estate market accelerating at an unprecedented pace, we believe the intersection of real estate and technology has never been more critical,” said Giri Devanur, CEO of reAlpha.

reAlpha Announces Closing of $8.0 Million Public Offering

Retrieved on:

Friday, November 24, 2023

The warrants are immediately exercisable at a price of $5.00 per full share and expire five years from the date of issuance.

Key Points:

The warrants are immediately exercisable at a price of $5.00 per full share and expire five years from the date of issuance.
Gross proceeds, before deducting placement agent fees and other Offering expenses, are approximately $8.0 million.
Maxim Group LLC acted as sole placement agent in connection with this Offering.
The Offering was made only by means of a prospectus which is a part of the Registration Statement.

reAlpha Announces Pricing of $8.0 Million Public Offering

Retrieved on:

Tuesday, November 21, 2023

Data Management, Technology, Residential Building & Real Estate, Commercial Building & Real Estate, Software, Construction & Property, Artificial Intelligence, Sale, Security (finance), Form, SEC filing, Registration statement, Intelligence, Prospectus, AIRE, Register, Growth, Offering

Each unit is being sold at a public offering price of $5.00.

Key Points:

Each unit is being sold at a public offering price of $5.00.
Gross proceeds, before deducting placement agent fees and other Offering expenses, are expected to be approximately $8.0 million.
The Offering is expected to close on November 24, 2023, subject to customary closing conditions.
The Offering is being made only by means of a prospectus which is a part of the Registration Statement.

reAlpha Announces Commercial Launch of GENA, a Product for Property Listing Descriptions Powered by Generative-AI

Retrieved on:

Wednesday, November 1, 2023

In an increasingly competitive residential real estate market, property owners, agents and managers are seeking innovative technology solutions to support their businesses and drive positive outcomes.

Key Points:

In an increasingly competitive residential real estate market, property owners, agents and managers are seeking innovative technology solutions to support their businesses and drive positive outcomes.
As an owner of, and investor in, residential real estate, reAlpha understands the complexities involved in marketing properties efficiently and effectively, including the time it takes to develop property listing descriptions for platforms such as Airbnb.
To that end, reAlpha developed GENA, which leverages reAlpha’s industry knowledge and generative AI technology to enhance or create property descriptions.
Whether a property is included in marketplaces such as Airbnb, VRBO, Zillow, Realtor or MLS, GENA can tailor detailed descriptions for each platform, as applicable.