In an exciting development, UK-based startup Jitty has secured $2 million in a pre-seed investment round. The company, founded by ex-Deliveroo employees, is set to disrupt the property market with its innovative AI-powered property search engine.
The trio behind this venture, CEO Graham Paterson, CPO James Storer, and CTO Daniel Cooper, embarked on this journey due to their personal experiences with the cumbersome process of buying homes. Now, they aim to transform this sector for the better, leveraging their expertise from their time at renowned companies like Wise, Freetrade, Habito, Klarna, Duffel, and Hopin.
Jitty’s unique platform uses powerful AI, large-language models, and computer vision to understand photos, descriptions, and floor plans of properties. It also cross-references information with publicly available databases and third-party services, providing a comprehensive and insightful overview of each property listing.
The platform, which already boasts over 2,000 people on its waiting list, is designed to streamline the home buying process. Users can manage their property search in one place, collaborate with others, share information, and create shortlists and notes for each property they’re interested in. This eliminates the need for spreadsheets and messenger apps typically used in property searches.
Graham Paterson, CEO and co-founder of Jitty, expressed his enthusiasm for the project, stating,
“We didn’t understand why booking a holiday or buying a book online had better usability than buying a home for several hundred thousand pounds. We’ve set out to give home-buyers the fantastic experience they deserve, by giving them a suite of tools to help every step of the way.”
The funding round was led by Gradient Ventures, Google’s AI-focused venture fund, and saw participation from Sequoia, Atomico, True Global, Angel Invest, and Tiny VC. Notably, the round also included several high-profile angel investors, including former Zoopla COO Doug Monro and founder of Attest Tony Hunter.
With this fresh capital infusion, Jitty plans to initially launch its platform in the UK. However, the company has its sights set on expanding into Europe and other markets shortly thereafter.
The involvement of these prestigious investors and industry figures highlights the potential of Jitty’s innovative approach to property search. With its user-centric design and cutting-edge technology, Jitty AI is poised to redefine the home buying experience completely. Stay tuned as the startup continues to make waves in the property market.