Story by Brooklee Han in HousingWire
Appraisal management company Clear Capital is looking to beef up tech tools – and it’s doing so through acquisition.
The Reno, Nevada-based company just closed on the acquisition of Finnish proptech startup CubiCasa this week. The two are well acquainted – Clear Capital already utilized CubiCasa’s digital gross living area technology.
The partnership will allow CubiCasa’s automated floor plan sketching technology to integrate with Clear Capital’s ClearInsight Platform, a mobile property data collection application.
CubiCasa’s mobile capture technology collects data through a walk-through of the home, which it then uses to create a floor plan sketch and calculate the GLA. Accuracy in these calculations is imperative as square footage is the second-highest driver of a home’s value — location is the first, Clear Capital said. The calculations reached by CubiCasa technology are aligned with American National Standards Institute standards and the technology can be used without prior training by anyone with a smartphone.
According to Clear Capital, companies can easily embed CubiCasa’s technology into their existing applications through APIs and mobile SDKs.