#PropTech / KayoCloud launches virtual, cloud-based commercial real estate brokerage

NY-based startup now offering its software and machine learning technology directly to individual brokers… KayoCloud claims that its brokers “benefit from increased efficiency and deal flow while having the convenience and flexibility to work anywhere, anytime.”

Joe Richter, a former CRE broker himself, founded KayoCloud in early 2018 with the mission of transforming the way commercial properties are bought and sold. He was inspired after he realized the firm he worked at… “represented a very old-school approach toward the process of real estate transactions…” The traditional major brokerages, Richter said, relied on a lot of back-office work, cold calling, and an inefficient work process.

The company’s cloud-based technology includes its AI lead-gen and microtargeting capabilities known as Arrow + Dart. KayoCloud’s Dart uses survival analysis to foresee properties that will hit the market, and Arrow micro-targets relevant buyers to sell deals… Kayo’s system is connected to its deal management software that aims to empower brokers to track each phase of a deal in real-time. All document signings take place “securely” in the cloud, including NDAs, letters of intent, and commission agreements, the company says.