UAE-based construction and real estate startup XPLOR, has raised $3 million in a Seed funding round from Ayana Holding.
Founded in 2015, XPLOR is a 3D technology, digital twin, and master planning software that aims to help real estate developers to reduce their operational expenditure, increase market share, and minimise the possibility of human error. It also assists investors by giving them full control to choose, book and explore units.
The software lets customers after they have chosen their destination, delve deeper into the community by analysing the location, infrastructure, landmarks, availability of properties masterplan, amenities, and floor plans. It also allows them to see the 3D exterior and walk-through the property to view the interior.
The startup plans to use the investment to develop future technologies that help enhance customer experience and improve operational efficiency. XPLOR also plans to harness the potential of new and emerging technologies such as blockchain to offer solutions to key challenges facing service providers and consumers.
“Although digital transformation has been on the agenda of many businesses for years, the Covid-19 pandemic has expedited its adoption across industries including real estate,” said Can Turkan, founder of XPLOR. “As a company that pioneers new technologies that transform the sector, XPLOR is excited about the prospects of increased focus on digitisation. Most real estate investors will make a decision after seeing it in person, but this software truly outdoes that experience.