Hyundai E&C has selected 12 promising startups through its fifth annual open innovation contest, co-hosted with the Seoul Economic Promotion Agency. Chosen from 156 applicants, these firms will undergo a four-month proof-of-concept phase to test emerging technologies across artificial intelligence, robotics, digital healthcare and smart construction. The initiative aims to integrate cutting-edge solutions directly into active construction sites and residential developments.
CoStar Group has acquired an approximate 30 per cent stake in Italy's agent-backed real estate platform Wikicasa. The deal integrates Wikicasa's database of 600,000 listings with CoStar's global networks like LoopNet. The partnership aims to accelerate digital transformation in the Italian property market by expanding international visibility for local listings and encouraging the widespread adoption of Matterport 3D digital twin technology.
Real estate software firm MRI Software has launched MRI Agora Intelligence and MRI Agora Orchestrator on its core AI platform. The new tools offer global corporate property teams automated agentic workflows, daily role-specific updates and comprehensive data auditing tools to streamline daily real estate management safely.
Bed Bath & Beyond has signed an agreement to purchase Fathom Holdings to accelerate its end-to-end homeownership platform. The acquisition combines real estate brokerage, mortgage and insurance services with the retailer’s commerce operations. The deal is expected to close in the second half of 2026.
Figure Technology Solutions has secured a definitive $717 million deal to acquire AI lending platform Kiavi. The transaction, backed by a joint venture with Sixth Street, aims to transition billions in residential investment loans onto blockchain rails. This integration will leverage Figure's new AI tool, Adaptor, to automate data onboarding, targeting a 60 per cent medium-term EBITDA margin.
Neural Earth has introduced Prometheus, an AI-powered decision intelligence platform built to modernise property risk analysis for insurers and real estate investors. Launched on 9 June 2026 in Miami, the system unifies data from satellite imagery, sensors and insurance policies. It replaces legacy manual workflows with real-time analytics to help firms rapidly assess climate risk, manage exposure and evaluate asset data before allocating capital.
![[IRHM] logo](https://irhmagazine.com/wp-content/uploads/2025/08/IRHM-AWARDS-2025-1024x683.jpg)
