OJO Labs, which provides the AI-based personal assistant OJO, has raised $45 million in Series C funding – supported by LiveOak Venture Partners, Realogy Holdings Corporation, Royal Bank of Canada and Northwestern Mutual Future Ventures.
OJO virtual assistant engages home buyers and sellers through natural conversations using mobile messaging and web experiences that reimagine the home search and transaction experience.
OJO Labs’s AI product is live in 12 U.S. markets and Toronto, Canada, and is now being rolled out at a large scale nationwide.
John Berkowitz, CEO of OJO Labs, said: “Our early investments and willingness to be first to market with this type of product gave us a significant head start in building our now-patented technology.”
The AI-based digital assistant can understand a home buyer’s or seller’s needs and goals, giving it the ability to create a personalized experience during the entire process. OJO Labs has partnerships with real estate agents and brokerages.
OJO is available for consumers 24×7 to help with listing information, home discovery, neighborhood selection, budget or financing guidance, and education surrounding one of the largest purchases consumers make.
Berkowitz said they are expanding teams in each of their three offices – Austin, where OJO Labs is based; Minneapolis-St. Paul, where last fall, OJO Labs joined forces with leading real estate data services provider WolfNet; and St Lucia, where they operate their AI training and customer service teams.
OJO Labs and WolfNet expect to add more than 50 new jobs in the two U.S. markets in the coming months.
OJO Labs Executive Vice President of Engineering Qingqing Ouyang says she is looking to rapidly grow their data science, engineering, product and design operations.