Stonal announces the opening of its new office in London as part of the company's international expansion.
Paris, March 9th, 2023 – Stonal has achieved $15 million in revenue in 2022 and counts over 130 clients, representing more than 200 million sqm throughout Europe, establishing itself as a leading SaaS provider for real estate asset managers in Europe.
After signing its first international clients and a successful fund raise of €20 million in 2022, Stonal decided to open an office in London to cater to the UK market, in response to the growing demand for its AI-powered document management system. Thanks to its cutting-edge algorithms, Stonal enables real estate asset managers to classify all their documents and extract data from them.
This office will serve as a launching point to tap into international markets, as London is the favoured European city for numerous global asset managers.
To take on this challenge, Stonal has recruited Oscar Thorne as Head of UK Sales. Oscar was the former sales Director at RE5Q, a technological organisation providing data and AI-enabled real estate solutions. Drawing on his expertise and professional experience, he will drive the company’s efforts to change real estate asset management with technological solutions and assist companies in realising their vision of digital transformation. Stonal’s team, including Oscar Thorne, will be at MIPIM at the Grand Paris Pavilion (booth 17).
Artificial Intelligence applied to real estate is opening new opportunities for asset managers to work with quality data and full knowledge of their asset portfolio. Many data-driven sectors have now adopted a full range of AI solutions, and real estate is the next industry looking to implement tech solutions to make it through the mass of information it is dealing with. Asset managers will be able to leverage AI to ensure asset liquidity, monitor environmental impact, accurately predict costs and maintenance work, and ensure compliance with the data they handle.
Stonal, founded in 2017 by real estate and tech experts, is the leading artificial general intelligence for real estate platform for multi-class real estate asset owners and asset managers. After raising €20 million, the platform is now deployed on more than 200 million sqm in Europe, with $15 million in revenue in 2022 and 125 employees.
French press release here.