New York-based Uniti, a pioneer in agentic AI for real estate, has successfully closed a $12 million Series A funding round. The investment was led by Pathlight and saw participation from notable firms like MetaProp and prominent individual investors. This new capital will fuel the company's expansion and further development of its AI-powered workflow automation platform for the property sector.
Addressing Industry Inefficiencies
The real estate industry has long been characterized by operational complexity, relying on fragmented software and manual processes. Mahdi Raza of Pathlight highlights this challenge, noting the significant inefficiencies that property managers face daily. Uniti aims to directly address these pain points by introducing a unified, intelligent automation solution to streamline operations.
According to co-founder Francesco Decamilli, property managers thrive on process, consistency, and flawless execution. Their success is fundamentally tied to running a well-defined operational playbook across their portfolios. Uniti provides the core infrastructure to codify these playbooks, ensuring they are executed perfectly at any scale.
The Agentic AI Solution
Uniti has developed a sophisticated platform where AI agents handle the full spectrum of real estate workflows. These tasks range from initial sales and leasing inquiries to ongoing tenant support, maintenance coordination, and payment collections. The system is designed to manage repetitive and time-consuming activities, freeing up human teams for higher-value work.
The platform's AI agents operate seamlessly across multiple communication channels, including voice, SMS, email, and chat. To ensure easy adoption, Uniti integrates with over 15 leading property management systems (PMS) and CRM platforms. This allows property managers to enhance their existing technology stack without a disruptive overhaul.
Founder Vision and Investor Confidence
The company was founded in 2023 by Yale alumni Francesco Decamilli and Emre Altinok, who combined their distinct expertise. Decamilli brings a deep background in real estate, while Altinok contributes extensive experience in machine learning and engineering. Their shared vision is to bridge the gap between these two converging worlds through intelligent technology.
The funding round attracted a strong syndicate of investors, signaling significant confidence in Uniti's mission. Beyond lead investor Pathlight and specialist firm MetaProp, the round included backing from OpenAI's Romain Huet and former Google executive Gokul Rajaram. This diverse support underscores the perceived potential of Uniti's technology to transform the industry.
Demonstrating Tangible Results
Early adopters of Uniti's platform are already reporting impressive returns and operational improvements. The company boasts a 306% net revenue retention rate and a 94% conversion of pilots into long-term contracts. One self-storage operator has even calculated a remarkable 214% return on its investment.
Brian Cohen, CEO of early customer Storage King USA, praised the platform's immediate impact on his business. He confirmed that Uniti's AI agents now manage 100% of inbound calls, allowing his team to focus on strategic growth initiatives. Cohen described the return on investment from implementing the technology as "undeniable."
With its new $12 million in funding, Uniti is well-positioned to accelerate its mission of revolutionizing real estate operations. The company's agentic AI offers a powerful solution to long-standing industry inefficiencies, backed by strong investor confidence and proven customer results. As the property sector continues to embrace digital transformation, Uniti's technology is set to play a pivotal role in shaping its future.