JLL has struck a deal to buy artificial intelligence technology company Skyline AI.
New York-based Skyline AI uses machine learning models and its own data sets to analyse real estate deal opportunities. JLL will incorporate the company’s technology into its own products to help clients predict property values, identify cost savings and validate decisions on rent increases, disposals and other initiatives.
Richard Bloxam, JLL’s chief executive of global capital markets, said: “When you combine the intelligence of the best advisers on the ground with a quantitative expert team and AI data analysis, you get insights that are beyond human and create a competitive edge for JLL and our clients.”
JLL’s global venture fund, JLL Spark, has been an investor in Skyline AI since 2018, a year after the company was founded by Guy Zipori, Amir Leitersdorf, Iri Amirav and Or Hiltch.
JP Morgan advised Skyline AI on the deal.
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