Real estate market analysis platform HouseCanary has closed its Series B funding round on $31m.
Investors to the round include PSP Growth and Alpha Edison, among other existing investors.
San Francisco-headquartered HouseCanary uses predictive analytics, data and machine learning to create predictions on house pricing and market influences. The platform which is available on, web, mobile and API, helps real estate investors, lenders, appraisers and realtors to make decisions on aspects including property selection, valuation, underwriting and portfolio optimization.
The company will use the new funds to further develop its predictive analytics, technology and go-to-market.
Mike Oleshansky managing director and PSP Growth head said, ?HouseCanary is quickly modernizing one of the biggest industries in the United States. Its robust technology enables users, from mortgage lenders to private investors to bond traders to realtors, to make truly data-driven decisions.p>
The latest investment brings total funding into the company up to $64m, with the company receiving a $33m Series A round last year. Investors to the previous round included Hillspire, Alpha Edison, ECA Ventures and Raven Ventures.
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