Northspyre Closes Out 2020 Having Facilitated More than $20 Billion Worth of Capital Projects on Cloud-based Platform
Company is Fastest-growing Technology for Real Estate Project Delivery
Company to Host Special Virtual Event in January 2021
NEW YORK–(BUSINESS WIRE)–Northspyre, a cloud-based intelligence platform for real estate owners, developers and project management firms, today announced that it has facilitated more than $20 billion worth of capital projects on its cloud-based platform since its founding in 2017. Projects facilitated by Northspyre include ground-up developments, large-scale renovations and fit-outs, among others, in all major US markets.
“Despite a universally challenging year for the world, we feel so grateful to have achieved so much in 2020,” said William Sankey, Co-founder, CEO and Head of Product at Northspyre, and former NYC real estate developer. “With remote work becoming the norm, we experienced our highest user engagement since founding. We helped teams of all sizes to collaborate effectively, leverage automation to eliminate in-office administrative tasks, and gain greater control over their budgets with real-time access to critical project data for more informed forecasting and decision-making. It’s an honor to serve our clients and make an impact on the CRE space, especially during such an uncertain year.”
This caps off a very momentous year for Northspyre, with other notable accomplishments including:
- Raising a $7.5 million Series A round led by David Sacks’ Craft Ventures
- Growing the Northspyre client roster to include more than 50 industry-leading firms
- Expanding the Northspyre team to more than 30 employees to keep up with growing client demand
- Being selected as a winner in the Capital Markets: Data – Artificial Intelligence Solution category for CREtech’s prestigious Real Estate Tech Awards
- Having Northspyre Co-founder, William Sankey, recognized as a rising star in real estate by Business Insider, joining an impressive list of young visionaries making waves across the industry
Northspyre looks forward to continuing to transform real estate project delivery for owners, developers, owner’s reps and internal real estate teams. Project delivery professionals deserve purpose-built technology that brings modern software, automation, data analytics and artificial intelligence to their day-to-day operations. Other high-skilled industries – like finance and advanced manufacturing – have been leveraging these sophisticated solutions for decades to achieve easier, more predictable outcomes. It is time CRE is given the opportunity to do the same.
Special Virtual Event
Northspyre plans to host an inaugural virtual event for select participants in January 2021. This special, limited-attendance event will reveal new products and initiatives that have the potential to further transform commercial real estate project delivery. For more information and registration details, visit https://www.northspyre.com/january2021specialevent.
Northspyre is a cloud-based intelligence platform that empowers real estate professionals to make proactive, data-driven decisions on development, capital and asset projects across real estate project types. Created specifically to meet the needs of owners, developers, project management firms and internal real estate teams, Northspyre leverages the power of automation, data analytics and artificial intelligence to achieve predictable outcomes and realize significant time and cost savings. Northspyre’s technology is dedicated to helping teams deliver even the most complex project or portfolio on-time and on-budget. Since 2017, Northspyre has facilitated more than $20 billion in client projects. To learn more, visit www.northspyre.com.