Three Space Lab Secures $3M to Innovate Luxury Real Estate with AI and VR
Three Space Lab has secured $3 million in seed funding to advance its AI and VR technologies for the luxury real estate market, announced in a press release. Founded by former MIT research scientist Scott W. Greenwald, Ph.D., the company aims to transform the homebuying experience by offering ultra-realistic VR visualizations of properties.
The funding round was led by Switzerland-based Arminius Verwaltung. With this investment, Three Space Lab plans to expand its global sales team and enhance its AI capabilities to offer more sophisticated and cost-effective solutions. The company is targeting key markets in North America, Europe, and the Middle East, focusing on luxury hotspots such as Miami, St. Tropez, and Dubai.
Three Space Lab's platform allows buyers to explore properties remotely with a high degree of realism, enabling confident purchasing decisions. This approach not only accelerates property sales but also allows architects and developers to engage with projects before they are built, breaking down barriers to VR adoption in real estate.
We hope you enjoyed this article
Consider subscribing to one of our newsletters like AI Funding Brief or Daily AI Brief.
Also, consider following us on social media:
More from Funding
Oct 2 Broadcom Agrees to Lend Anthropic Up to $42 Billion Oct 2 PaleBlueDot AI Raises $200 Million at $3.2 Billion Valuation Oct 2 Photon Raises $4.5 Million for Messaging Based AI Agents Oct 1 Satlyt Raises $8 Million for Satellite AI Software Oct 1 Clio Acquires Judicial AI Provider Learned HandAI Funding Brief
Industry analysis
2025 Global Business Services Agenda: Gen AI Takes Center Stage
This industry analysis by The Hackett Group explores the transformative impact of generative artificial intelligence (Gen AI) on global business services (GBS) in 2025. The study highlights the shift from exploration to acceleration of Gen AI initiatives, with 89% of executives advancing these projects to improve customer satisfaction, innovate products, and reduce costs. The report also discusses the challenges and strategies for successful Gen AI adoption, emphasizing the need for a technology-enabled operating model and the importance of reskilling the workforce.
Read moreYou may also like
Zeit AI raises €5 million for autonomous data engineering agent
REItrades Plans AI Marketplace for Commercial Real Estate Sales
Luminary Platforms Raises $22 Million for Wealth Transfer Platform
Snorkel AI Raises $350 Million at $3.5 Billion Valuation
Mistral AI Raises €3 Billion at €21 Billion Valuation
Daily AI Brief: the AI news that matters, in your inbox.