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About Aloft
Industries
Enterprise Software
Real Estate
Company Size
51-200
Company Stage
Grant
Total Funding
$25.5M
Headquarters
Seattle, Washington
Founded
2021
Overview
Aloft Appraisal provides real estate valuation services through its main product, the "Appraiser Toolkit," which is a software suite designed to help appraisers quickly complete adjustments, find comparable properties, and build data libraries. The toolkit is user-friendly, catering to both experienced appraisers and trainees. Aloft operates on a subscription model, allowing new users to try the software for free for 30 days before a monthly fee of $29. The company distinguishes itself by combining advanced technology with deep industry expertise, aiming to improve the efficiency and accuracy of property valuations.
Simplify's Take
What believers are saying
- Inspectify's acquisition of Aloft expands service offerings to over 300 clients.
- Aloft's subscription model ensures steady recurring revenue with a 30-day free trial.
- AI-driven features in the Appraiser Toolkit enhance efficiency and standardization in appraisals.
What critics are saying
- Integration with Inspectify may cause operational inefficiencies or service disruptions.
- The acquisition could lead to cultural shifts, causing employee dissatisfaction or turnover.
- Skepticism towards AI technology may hinder adoption among traditional appraisers.
What makes Aloft unique
- Aloft's Appraiser Toolkit offers one-click AI-driven image analysis for property comparisons.
- The company combines cutting-edge technology with deep industry expertise in real estate valuation.
- Aloft's leadership team has experience from Amazon and real estate technology sectors.
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Funding
Total Funding
$25.5M
Above
Industry Average
Funded Over
3 Rounds
Andreessen HorowitzBenefits
Medical, dental, and vision worth over $12,000 per year
Small life insurance policy
401k with up to 4% income match
Reimbursement for equipment, licensing, CE classes, software fees, mileage, etc
Flexible vacation policy
Company News
GeekWire’s startup coverage documents the Pacific Northwest entrepreneurial scene. Sign up for our weekly startup newsletter , and check out the GeekWire funding tracker and venture capital directory .Inspectify CEO Joshua Jensen (left) and Aloft CEO Travis Soukup. (LinkedIn Photos)Inspectify, a Seattle startup that sells home inspection software, announced the acquisition of Aloft, another Seattle real estate startup that focuses on streamlining the appraisal process.Terms of the deal, which was an all-cash transaction, were not disclosed.Inspectify will add about 30 employees from Aloft to its headcount, which will reach 80 people after the deal.The two companies collaborated over the past few years. Inspectify CEO Joshua Jensen noted how his company’s customers often ask about appraisals and other valuation services. Aloft, meanwhile, gets questions about inspection and underwriting services.Now the combined company will offer inspection, underwriting, and valuation services under one roof to more than 300 existing clients.“If you are an enterprise client with a large book of business, it’s easier to manage one vendor across multiple services vs. multiple vendors across a single service,” Jensen wrote in a blog post.Aloft raised a $20 million round in 2021
Inspectify, a Seattle startup that sells home inspection software, announced the acquisition of Aloft, another Seattle real estate startup that focuses on streamlining the appraisal process.
SEATTLE--(BUSINESS WIRE)--Aloft, a national leader in real estate appraisal technology, is excited to unveil a groundbreaking development: AI-Driven Image Analysis. Embedded in Aloft’s signature software product, Appraiser Toolkit™, this innovative feature marks a significant advancement in the standardization of quality and condition ratings in appraisal reports. Adding the new AI-Driven Image Analysis feature to Appraiser Toolkit™ represents a major milestone for Aloft, demonstrating the company’s ongoing commitment to cutting-edge technology that advances and uplevels the appraisal industry. By providing recommended Uniform Appraisal Dataset (UAD) quality and condition ratings, the robust math engine of Appraiser Toolkit™ now simplifies the comparison process between comparable properties and the subject property, offering one-click analysis that was previously unavailable. The development of this feature was showcased by Aloft’s Chief Appraiser, Hansel Dobbs, in McKissock’s Pro Series Webinar last week, which highlighted the practical applications and benefits of this AI-driven tool in real-world appraisals
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About Aloft
Industries
Enterprise Software
Real Estate
Company Size
51-200
Company Stage
Grant
Total Funding
$25.5M
Headquarters
Seattle, Washington
Founded
2021
There are no jobs for Aloft right now.
Find jobs on Simplify and start your career today
People Also Viewed
Discover companies similar to Aloft