Ojo Labs operates an online home-listings and search platform that applies machine learning and data to consumer home searches. The company also offers homeowner tools to track home value and manage maintenance, differentiating it from transaction-focused rivals. Ojo expanded its footprint with the 2020 acquisition of listing platform Movoto, which the company says helped substantial growth. Facing a tougher North American housing market and higher interest rates, Ojo is using new transactions to strengthen its cash position. CEO John Berkowitz said the company is in a healthy cash position and aims to accelerate growth and gain market share. The company is focused on steady product innovation rather than rapid, VC-fueled expansion. OJO Labs offers a home buying and selling platform that blends human and machine intelligence to provide personalized property recommendations and guidance. The company partners with major national broker brands from Realogy, including Century 21, ERA, BHGRE, Sotheby’s International Realty, and Coldwell Banker. OJO announced an expansion into Toronto through a partnership with Royal Bank of Canada’s ventures division and Royal LePage. In conjunction with its recent financing, OJO acquired Movoto, a U.S. residential real estate search site that attracts nearly 24 million monthly visits. The acquisition is intended to help OJO scale its personalized technology to millions of homebuyers and sellers. The company is led by CEO and co-founder John Berkowitz. Ojo Labs is an Austin, Texas-based provider of an AI-based personal assistant that engages home buyers and sellers through natural conversations via mobile messaging and web experiences. Led by CEO John Berkowitz, the virtual assistant is available 24/7 to help with listing information, home discovery, neighborhood selection, budget and financing guidance, and consumer education. The product has been live in 12 U.S. markets and Toronto, Canada, and is being rolled out at large scale nationwide. The company raised $45M in Series C financing and intends to use the funds to accelerate product development and market expansion. Ojo plans to hire across its data science, engineering, product and design teams to support growth and rollout. OJO Labs, based in Austin, Texas, offers OJO, an AI-driven assistant that understands a user’s intent and preferences to answer almost any real-estate question. The assistant interacts on behalf of real estate agents and brokerages and is available 24/7 to help consumers with questions, home search needs, mortgage information and other home-ownership resources. The company plans to use its new funding to grow its product, data science and engineering teams and to roll out its products more broadly. John Berkowitz is listed as CEO. The article does not disclose revenue or user metrics. The product emphasis is on conversational understanding and workflow support for agents and consumers across the home-ownership journey.

Total raised

$328M

Funding rounds

4

Latest round

Debt Financing

Latest activity

Feb 2023