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Cadastral

Category: AI Agents

A vertical AI platform for the commercial real estate (CRE) industry that functions as an 'AI Analyst in a Box' to automate complex, data-heavy workflows. Cadastral was founded in 2023. The company is led by Abhinav Somani. Based in New York, USA. Team size: 11-50. Total funding raised: $9.5M. Latest round: Seed round ($9.5M, Feb 2025). Key investors include ["Navitas Capital","JLL Spark Global Ventures","AvalonBay Communities","Equity Residential","1Sharpe"].

Founded
2023
Headquarters
New York, USA
Team size
11-50
Total funding
$9.5M

Value proposition

Reduces manual labor and costs by automating high-value tasks like lease abstraction and due diligence, enabling teams to process hundreds of documents in seconds with high accuracy.

Products and solutions

["AI Analyst in a Box (Core Agentic Platform)","Automated Lease Abstraction & LOI Generation","T-12 Financial Analysis & Underwriting Engine","Acquisitions Due Diligence Tool","Loan Compliance & Document Review System"]

Unique value

Unlike horizontal AI, Cadastral is built specifically for the nuances of CRE; it is 'agentic,' meaning it executes end-to-end tasks rather than just providing a chat interface.

Target customer

Commercial real estate owners, operators, investment managers, private equity firms, private credit providers, and legal teams.

Industries served

["Commercial Real Estate (CRE)","Private Equity","Private Credit","PropTech","Legal Tech"]

Technology advantage

Combines deep domain expertise from the founders (ex-CEO of Leverton) with large-scale AI infrastructure (ex-Meta/DoorDash engineering) to integrate directly with industry-standard platforms like Yardi, SharePoint, and Box.

How they differentiate

Cadastral differentiates through 'agentic' AI that executes end-to-end workflows (e.g., drafting LOIs and underwriting) rather than just extracting data. It is built as a vertical-specific 'AI Analyst' by CRE veterans, offering deeper domain-specific reasoning than horizontal LLMs.

Main competitors

["Prophia","Cherre","MRI Software (Leverton)"]

Key partnerships

["JLL Spark Global Ventures (Investor and strategic partner)","AvalonBay Communities (Investor and design partner)","Equity Residential (Investor and design partner)","Navitas Capital","1Sharpe"]

Notable customers

["AvalonBay Communities","Equity Residential"]

Major milestones

["Founded in 2023 by former CEO of Leverton and engineers from Meta/DoorDash","Reached 40+ enterprise customers within 12 months of launch","Closed $9.5M Seed funding round in February 2025","Filed trademarks for 'CADASTRAL' and 'AI Analyst in a Box' in late 2024"]

Growth metrics

Acquired over 40 enterprise customers within the first year of product launch.

Market positioning

Premium vertical AI platform for institutional commercial real estate owners, operators, and investment managers.

Geographic focus

North America

Patents and IP

Trademark applications for 'CADASTRAL' and 'WWW.CADASTRAL.AI' filed in October 2024; specific technology patents not publicly disclosed.

About Abhinav Somani

Abhinav (Abe) Somani is a seasoned entrepreneur and executive in the PropTech and AI sectors. He was previously the CEO of LEVERTON, an AI-powered document data extraction platform for real estate, which he led through its acquisition by MRI Software in 2019. Following the acquisition, he served as Managing Director of Artificial Intelligence at MRI Software. His earlier career includes roles as a Private Equity Associate at ICV Partners and an Investment Banking Analyst at Rothschild & Co.

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