# Haystacks.AI

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/haystacks-ai

- Industry: Real Estate Development & Operating Companies
- Headquarters: New York, US
- Website: www.haystacks.ai
- Total disclosed funding: $8M
- Latest round: Seed (Mar 23, 2022)
- Investors on record: 7

## About

Haystacks.AI, Inc offers a platform that enhances the real estate underwriting process, enabling quick and data-driven decision-making for investors and financial institutions.Founded in 2021, Haystacks.AI, Inc operates from New York, US. The company specializes in real estate underwriting technology. In March 2022, the company secured USD 3.000 mn in Seed funding from investors including Assurant Growth Investing, Preface Ventures, and RRE Ventures. The founders are Joseph Lee, Noach Strassberg, and Pulkit Jaiswal.Haystacks.AI provides a platform designed to streamline the real estate underwriting process for investors, underwriting firms, and financial institutions. The platform integrates advanced analytics and operational tools to assist users in evaluating investment opportunities, utilizing robust data analysis, risk assessment, and scenario modeling capabilities.The revenue model for Haystacks.AI revolves around subscription-based access to its underwriting platform, with clients entering annual or monthly agreements. These subscriptions cater to various firm sizes, offering features such as advanced data analytics and real-time reporting to enhance underwriting efficiency.Following the USD 3.000 mn Seed funding raised in March 2022, Haystacks.AI plans to accelerate product and platform development and expand its team to meet growing demand for single-family home rental intelligence among institutional investors. The company is targeting expansion into new geographic markets as it seeks to broaden its client base.

## Funding rounds

- Seed, Mar 23, 2022, $3M — RRE Ventures, Streamlined Ventures, Colle Capital, Hyperplane Venture Capital, Assurant Growth Investing, Adit Ventures, Preface Ventures
- Seed, Dec 16, 2021, $5M — Streamlined Ventures, Colle Capital, Adit Ventures

## Investors

- Streamlined Ventures (https://capitalatlas.ai/funds/streamlined-ventures) — Seed
- Colle Capital (https://capitalatlas.ai/funds/colle-capital) — Seed
- Adit Ventures (https://capitalatlas.ai/funds/adit-ventures) — Seed
- RRE Ventures (https://capitalatlas.ai/funds/rre-ventures) — Seed
- Hyperplane Venture Capital (https://capitalatlas.ai/funds/hyperplane-venture-capital) — Seed
- Assurant Growth Investing (https://capitalatlas.ai/funds/assurant-growth-investing) — Seed
- Preface Ventures (https://capitalatlas.ai/funds/preface-ventures) — Seed