Gridics announced the successful conclusion of a $1.1 million round of seed funding. The round was led by Dune Road Capital and included noted accredited investors such as John Dyett, Managing Director of Salem Partners, serial entrepreneur Robert Kall, CEO and co-founder of Cien.ai and leading Miami real estate developer Avra Jain. The company, which has raised over $2 million of development capital to date, is focused on further strengthening its product and driving adoption of its Zonar.City application. Gridics, short for Grid Analytics, was founded in 2015 with a vision of combining disparate real estate data sets into a single, hyper-local data platform.
From this platform, the company creates software applications that help users make smarter investment and development decisions while streamlining fractured processes in the real estate world. The patent-pending Zonar.City application, for example, aims to revolutionize the way cities approach zoning and planning analysis while helping to bridge the gap between the private sector development community of architects, developers and attorneys by automating development feasibility analysis and streamlining the lengthy development plan approval process. Read More