9 hours Ago
Landeed, a property title search engine platform, has raised $5 million in a Series X funding round led by 10x Founders Fund. Other notable participants in the round include Oliver Jung, Paradigm Shift, Pioneer Fund, Jeffrey Epstein, Founder of Onboard and Aaron King, Founder of Snapdocs. Nearly all of the earliest institutional investors that invested in the seed round have now re-invested in the latest round.
“The new funding is the foundation for the development of Landeed Labs, a division dedicated to advancing the company’s AI and machine learning (AI/ML) capabilities,” Sanjay Mandava, Co-founder and CEO of Landeed, said. “AI and machine learning are not just buzzwords; they are tools we have been using extensively to rewrite how property ownership works in India. With Landeed Labs, we’re pushing the boundaries of what’s possible in property transactions,” he said.
“AI and machine learning aren’t optional for us—they’re the backbone for everything you will see in our products going forward,” he said. Using the proceeds, the Hyderabad-based start-up plans to hire STEM and technical talent in the country to augment its growth in its core business. “We still have the majority of our seed round funds in the bank account, so you’ll see us relentlessly shipping new products and firing on all cylinders,” he said.
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