Cambio, a trailblazing startup at the forefront of AI innovation in the commercial real estate sector, has successfully secured $18 million in a Series A funding round, achieving an impressive $100 million valuation. This exclusive revelation to Crunchbase News underscores the significant investor confidence in Cambio’s mission to revolutionize how institutional investors manage and optimize their vast real estate portfolios. The substantial capital injection is poised to accelerate the company’s growth, particularly in product development and engineering, solidifying its position as a key disruptor in the PropTech landscape.

The financing round was spearheaded by Maverick Ventures, a firm known for its strategic investments in high-growth technology companies. Joining Maverick Ventures were notable participants including the renowned accelerator Y Combinator, venture capital firm Adverb, and a syndicate of prominent angel investors. These angels hail from leading AI and technology powerhouses such as OpenAI, Anthropic, and Notion, lending further credence to Cambio’s cutting-edge approach and potential. This latest funding round brings Cambio’s total capital raised to an impressive $22 million since its inception in 2022. The company initially gained traction as part of Y Combinator’s summer 2022 cohort, subsequently entering a focused "R&D mode" to meticulously develop its sophisticated AI-powered software before its public launch.

Founded by Leia de Guzman and Stephanie Grayson, both seasoned veterans with extensive backgrounds as institutional commercial real estate operators, Cambio emerged from a deep understanding of the industry’s inherent inefficiencies. Their firsthand experience at major firms like KKR and Oxford Properties provided them with invaluable insights into the challenges faced by large-scale investors grappling with complex, unstructured data. This "lived experience," as noted by lead investor Ryan Isono of Maverick Ventures, has been instrumental in shaping Cambio’s product strategy, allowing them to identify and address fundamental workflow problems rather than merely offering superficial tooling solutions.

Headquartered in San Francisco, Cambio launched its pioneering offering to the market at the close of 2023. Since then, it has witnessed what de Guzman describes as "rapid adoption" across a diverse range of enterprise customers and geographical regions. The platform’s reach has expanded dramatically, now operating in 35 countries and managing over 2 billion square feet in assets. This swift global penetration highlights the universal need for advanced solutions in commercial real estate management. To further bolster its international footprint and support burgeoning demand in the EU and APAC markets, Cambio strategically opened a new office in London, demonstrating its commitment to global expansion and localized service.

At its core, Cambio’s innovative platform leverages the power of large language models (LLMs) and advanced agentic artificial intelligence workflows. The primary objective is to transform what has historically been "messy building data" – a vast trove of disparate and unstructured information – into "investor-grade decisions and reporting." This complex transformation, which traditionally required months of laborious manual analysis by highly skilled professionals, can now be accomplished within minutes, according to Cambio.

De Guzman elaborates on the scale of the challenge: "Commercial real estate owners sit on thousands of pages of unstructured documents – spreadsheets, PDFs, invoices, energy audits, regulatory filings – that historically required months of manual analysis." She emphasizes that Cambio’s proprietary system applies LLMs and agentic AI to ingest, reason over, and synthesize this multifaceted data automatically. The result is a streamlined delivery of "investment-grade capital and compliance decisions in minutes," marking a paradigm shift in operational efficiency for institutional investors.

The architectural design of Cambio’s software is centered around its agentic AI capabilities. This allows the system to not only process unstructured data but also to reason across it, perform multi-step analyses, and crucially, "continuously adapt as regulations, assets, and market conditions change." This adaptability is critical in the dynamic real estate market, where regulatory frameworks evolve, asset values fluctuate, and market conditions shift rapidly. By providing real-time, actionable intelligence, Cambio empowers institutional investors to make more informed, agile decisions.

Ultimately, Cambio’s solution is designed to assist institutional investors in answering critical strategic questions: where best to deploy their significant capital, which assets within their vast portfolios should be prioritized for investment or divestment, and how to effectively maximize returns across their holdings. The company boasts an impressive roster of enterprise customers, including industry giants such as Oxford Properties, Nuveen, Principal, BGO (Bentall Kennedy), and Beacon Capital, underscoring the trust and value its platform brings to leading players in the market.

The market opportunity for Cambio is nothing short of enormous. De Guzman points out that commercial real estate in the U.S. alone is estimated to be a colossal $20 trillion-plus industry, according to Clarion Partners. Globally, the real estate sector presents an even larger canvas for technological disruption. Data from Crunchbase further illuminates the burgeoning investment landscape in PropTech, with global real estate-related startups attracting approximately $10.5 billion in seed- through growth-stage financing in 2025. This figure represents a robust 17% increase from the $9 billion recorded in 2024, signaling a strong and accelerating trend towards digital transformation within the industry. Cambio, with its AI-native approach, is perfectly positioned to capitalize on this expansive and growing market.

A significant part of Cambio’s strategic advantage lies in its leadership team, which is predominantly female and deeply rooted in the very industry it seeks to serve. Leia de Guzman and Stephanie Grayson’s careers began at prestigious institutional firms, providing them with an unparalleled understanding of the operational complexities and strategic imperatives of large real estate portfolios. This insider perspective ensures that Cambio’s solutions are not just technologically advanced, but also practically relevant and directly addresses the core pain points of its target clientele.

The company has also made strategic hires to further bolster its expertise and drive innovation. Lizzie Leon, an alumna of Goldman Sachs, has joined Cambio as the Head of Product Innovation, bringing a wealth of financial and technological acumen. Katerina Kaimakamis, formerly of Oxford Properties and CBRE, has been appointed to lead Cambio’s European and APAC business, leveraging her extensive experience in these crucial markets. These strategic appointments reflect a broader industry trend, as de Guzman notes: a conscious choice by experienced professionals to "step inside AI transformation, and not just observe it from the sidelines," signaling a profound shift in talent migration towards pioneering PropTech ventures.

Cambio operates on an enterprise Software-as-a-Service (SaaS) revenue model, providing a scalable and recurring revenue stream. The newly secured capital will be primarily allocated to scaling its product development and engineering teams. This investment will enable Cambio to further enhance its platform, introduce new features, and expand its technological capabilities to meet the evolving demands of the global commercial real estate market.

Ryan Isono, Managing Director at Maverick Ventures, articulated his firm’s strong conviction in Cambio’s potential. In an email to Crunchbase News, he emphasized that the founders’ combined experience of over two decades running commercial real estate portfolios was a critical factor. "That lived experience matters," Isono stated. "It gave them an intuitive understanding that this wasn’t a tooling problem – it was a workflow problem." This distinction is crucial, as it implies a deeper, more fundamental re-imagining of processes rather than simply adding a digital layer to existing, inefficient methods.

Maverick Ventures was particularly impressed by Cambio’s strategy of not attempting to "bolt AI onto existing processes," which often leads to suboptimal results. Instead, Isono highlighted Cambio’s radical and effective approach: "Cambio isn’t automating around the edges, it’s re-architecting the workflow end to end in an AI-native way, with a deeply product-minded approach." He further elaborated on the founders’ unique capability stemming from their backgrounds: "Knowing what to build, which workflow to wedge into, and how to sequence products requires having lived these workflows, which Leia and Steph have." This intimate knowledge ensures that the solutions developed are not just technologically feasible but also practically impactful and seamlessly integrated into the real estate investment lifecycle.

The technical prowess of Cambio’s team also garnered significant praise from investors. Isono specifically mentioned CTO Leon Chen, who was one of the earliest backend engineers at Faire, a marketplace and wholesale platform that commanded a valuation of nearly $13 billion in 2022. This leadership brings a proven track record of building robust, scalable technological infrastructure. Furthermore, the technical team includes Ph.D.s with "deep expertise in building science." This specialized knowledge is particularly vital for commercial real estate, which is inherently tied to the physical world. Isono explained the significance: "Much of the data isn’t clean or fully digitized, and automating it is meaningfully harder than in purely digital domains." The ability to tackle this complex data challenge, he concluded, "unlocks a uniquely valuable dataset that compounds over time," creating a defensible and increasingly powerful competitive advantage for Cambio.

In conclusion, Cambio’s successful $18 million Series A funding round, achieving a $100 million valuation, marks a pivotal moment for the company and the broader PropTech industry. By ingeniously applying advanced AI, including LLMs and agentic AI, Cambio is not just digitizing commercial real estate but fundamentally re-architecting its operational workflows. With a leadership team that combines deep industry experience with cutting-edge technical expertise, Cambio is uniquely positioned to address the complex challenges of unstructured data in a $20 trillion-plus market. As it scales its product and engineering capabilities and expands its global footprint, Cambio is poised to lead the transformation of institutional real estate investment, empowering owners to make smarter, faster, and more profitable decisions in an increasingly complex world.