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The company was launched in 2018 and since then has signed leading real estate groups, including LJ Hooker, Ray White, and Harcourts, along with developers, engineering, and architectural firms like Mirvac, GPT Group, Stockland, CBRE, Hassell, and Aurecon
Fremont, CA: Australian property intelligence firm Archistar secured USD 3.9 million in a Series A funding round led by AirTree to accelerate its international growth and expand its product and engineering team. With this investment round, Archistar will join AirTree's portfolio of leading Australian technology companies, including Canva, Secure Code Warrior, and Pet Circle. As part of the funding round, Craig Blair, Co-founder and Partner at AirTree will join Archistar's Board of Directors. Archistar was founded by Dr. Ben Coorey, a globally recognized leader in generative design.
"Robust businesses and ideas led by capable founders will continue to attract pedigree capital. And, we couldn't be more delighted to welcome AirTree to the register," said Chairman of ArchiStar, Prabhat Sethi. Archistar is widely used by architects, planners, developers, and agents. The software gives instant information on the type of residential projects allowable on any development site in Australia based on local planning and zoning rules. The company's platform allows professionals to create and assess hundreds of compliant 3D generative designs, exploring features like height restrictions, exposure to sunlight, and ventilation.
"Property professionals and governments are rapidly embracing digital tools to enable efficient and informed development. We've seen our revenue triple over the last 12 months," said Founder and CEO of Archistar, Dr. Ben Coorey. "In an industry that has often relied on instinct, door knocking, and back of the envelope calculations, our users can now access planning rules, find off-market opportunities, and conduct feasibility studies in a matter of seconds, all from our one platform. It's a total game-changer for the industry."
The company was launched in 2018 and since then has signed leading real estate groups, including LJ Hooker, Ray White, and Harcourts, along with developers, engineering, and architectural firms like Mirvac, GPT Group, Stockland, CBRE, Hassell, and Aurecon. It is one of the first companies to work with the New South Wales, Queensland, and Victorian governments to integrate their services into the nation's spatial digital twin programs.
"With world-leading expertise in geometric design and deep domain knowledge in architecture, Ben is the type of founder we love to back. The Archistar team has built a truly unique platform that is reshaping the design, development, and planning process for marquee customers and partners in Australia, the UK, and the USA. The future of design will look very different to today when AI is combined with unique data sets, and we are excited to partner with Ben and the Archistar team on their journey," said Craig Blair, Co-founder, and Partner at AirTree.
Archistar has also been approached by property sales agents to use its products for digital display and in recent days. The company's US partners are looking to optimize the process of turning sports stadiums into temporary hospitals. The investment from AirTree will underpin Archistar's expansion into the United States and the United Kingdom, where the company will combine highly scalable, world-first technology with crucial partnerships to continue its rapid customer growth.