real estate house housing home (Photo credit: image4you / Pixabay)

Austin-Based AI Startup Ojo Labs Raises $20.5 Million Series B Round

Ojo Labs, an artificial intelligence and machine learning startup based in Austin, Texas, closed on a $20.5 million series B funding round in May.

The round was led by companies including Realogy Holdings Corp., Royal Bank of Canada, Northwestern Mutual Future Ventures, and ServiceMaster.

The core product of the company, which was founded three years ago, is an AI assistant called OJO that can answer consumer questions about real estate.

Ojo Labs plans to use the funds to expanding its product, data science, and engineering teams, it said in a statement. This round follows its series A from 2016.

“While we are proud of our progress to date, creating a conversational AI that has access to the best data and human experts will be a challenging journey,” said John Berkowitz, CEO of Ojo Labs.

(Photo credit: image4you / Pixabay)

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