Clik.ai is a technology company specializing in artificial intelligence (AI)-powered solutions designed to streamline and enhance the underwriting and financial analysis processes within the commercial real estate (CRE) sector. Founded in 2017, Clik.ai has established itself as a pivotal player in the CRE industry by offering innovative tools that automate complex workflows, thereby improving efficiency and accuracy for lenders, brokers, and investors.
Key Strategic Focus
Clik.ai's strategic focus centers on automating and optimizing CRE underwriting and financial analysis through AI-driven technologies. The company's core objectives include:
- Automated Underwriting: Developing AI-powered platforms that expedite the underwriting process, reducing manual data entry and associated errors.
- Financial Data Extraction: Implementing intelligent document processing to extract and standardize financial data from various sources, such as rent rolls and operating statements.
- Portfolio Management: Providing tools for real-time portfolio analytics and risk assessment to support informed decision-making.
Clik.ai primarily targets the North American CRE market, serving mortgage banking firms, loan servicing companies, real estate investors, and brokers.
Financials and Funding
Since its inception, Clik.ai has demonstrated consistent growth:
- Revenue: In 2024, the company reported a revenue of $1.2 million, reflecting a 72.22% year-over-year increase from 2021.
- Funding: Clik.ai has raised a total of $2 million in funding. Notable funding rounds include:
- May 2019: M&A Offer.
- October 2020: Funding Round.
- February 2021: M&A Offer.
The capital raised has been strategically utilized to enhance product development, expand market reach, and invest in AI research to maintain a competitive edge.
Technological Platform and Innovation
Clik.ai's technological platform is distinguished by several proprietary technologies and methodologies:
- AutoUW: An AI-powered underwriting automation tool that integrates with clients' existing spreadsheet models, enabling rapid processing of financial documents.
- InvestAssist: A platform offering advanced multifamily acquisition modeling and data analytics to expedite cash flow modeling and underwriting.
- SmartExtract: An intelligent document processing API that standardizes rent rolls and income statements, facilitating seamless data integration.
These innovations leverage machine learning algorithms trained on extensive CRE datasets, ensuring high accuracy and efficiency in data extraction and analysis.
Leadership Team
Clik.ai's leadership comprises experienced professionals with deep expertise in technology and real estate:
- Parag Goswami: Co-Founder and CEO. A serial entrepreneur with over 15 years in CRE, Clik.ai is his third startup.
- Prerit Gautam: Co-Founder. A technology expert with 25 years of experience in strategy, IT alignment, and process optimization.
- Rajeev Kohli: Senior Vice President of Product. Nearly 15 years of experience in product development.
- Chetan V.: Vice President of Technology. Over 18 years in software development across various domains, with strong technical architect experience.
- Rahul Gupta: Director of Operations. Over 8 years of experience in technology, managing product support, manual services, India operations, and CFO support.
Competitor Profile
The CRE technology market is competitive, with several key players:
- Cherre: Offers data integration and analytics solutions for real estate, focusing on aggregating disparate data sources.
- RealAtom: Provides a CRE lending platform that connects borrowers and lenders, streamlining the loan origination process.
- HouseCanary: Specializes in real estate valuation and analytics, offering tools for property appraisal and market analysis.
These competitors focus on various aspects of CRE technology, such as data integration, lending platforms, and property valuation, each contributing to the evolving landscape of the industry.
Strategic Collaborations and Partnerships
Clik.ai has established significant partnerships to enhance its market position:
- Colliers Mortgage LLC: In November 2023, Clik.ai partnered with Colliers Mortgage to optimize loan servicing and origination operations, improving customer service and regulatory compliance.
- ORIX Real Estate Capital: In February 2022, ORIX Real Estate Capital subscribed to Clik.ai's automated rent roll and cash flow underwriting software, enhancing its loan servicing operations.
Operational Insights
Clik.ai's strategic considerations include:
- Market Position: By focusing on AI-driven automation, Clik.ai differentiates itself from competitors that may offer more traditional or manual solutions.
- Competitive Advantages: The company's proprietary technologies, such as AutoUW and SmartExtract, provide significant efficiency gains, reducing underwriting time by up to 50% and minimizing errors.
Strategic Opportunities and Future Directions
Looking ahead, Clik.ai aims to:
- Expand Product Offerings: Develop additional AI-driven tools to address other facets of CRE operations, such as asset management and risk assessment.
- Market Expansion: Extend services beyond North America to tap into global CRE markets, leveraging existing partnerships and technological capabilities.
- Continuous Innovation: Invest in research and development to enhance existing products and develop new solutions that address emerging challenges in the CRE industry.
Contact Information
- Website: Clik.ai
- LinkedIn: Clik.ai LinkedIn Profile
Clik.ai's commitment to innovation and efficiency positions it as a leader in transforming commercial real estate underwriting and financial analysis through AI-powered solutions.
