For much of his career, Mohamed Mohamed has worked at institutions — BlackRock, Goldman Sachs and McKinsey — that, he said, “treat real estate as a computational problem.”
“They had proprietary data pipelines, internal valuation models, simulation tools and increasingly, early AI systems that support underwriting and capital allocation,” he told TechCrunch, explaining how these firms analyzed real estate investments.
But he knew that ordinary people who also invested in real estate did not have access to such advanced tools. His friends were coordinating deals on WhatsApp or saving important information in PDF.
“There was no unified data layer, no consistent modeling and no easy way to reason about end-to-end risk, liquidity or execution,” Mohamed continued. “Decisions involving millions of dollars were being made without anything resembling a modern information stack.”
In 2024, he quit his job at the Boston Consulting Group to strike out on his own. Established Smart Bricksan AI-powered proptech that helps investors find high-quality real estate investments. The company is based in London and San Francisco.
The product analyzes millions of public and proprietary data points in areas such as pricing, liquidity, transaction history, supply and financing terms.
Mohamed said it has an autonomous reasoning system that, rather than simply showing available real estate deals, can match a deal’s expected outcome using automated valuation models, cash flow forecasting, downside risk modeling and market reasoning.
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Smart Bricks AI tools can also help complete the transaction workflow that would normally take weeks for lawyers, analysts and brokers to complete on their own, allowing one person to use AI agents to handle it all. Even after a deal is brokered, Smart Bricks uses new data to continuously update the deal, monitor performance, simulate refinancing and recommend actions as the market changes.
The company on Tuesday announced a $5 million pre-seed round led by Andreessen Horowitz. Others in the round include South Loop Ventures, Cornerstone VC, Techstars and angel investors from OpenAI, Airbnb, Anthropic, Blackstone and DeepMind. The startup is also currently participating in a16z’s famous Speedrun program.
Mohamed met the team at a16z last year while exhibiting at TechCrunch Disrupt. At the time, he said, the company was still under the radar, but the investment from a16z allowed them to scale.
The fresh capital will be used to expand the product’s infrastructure in additional markets (it currently only operates in the US, the UK and the UAE, the latter of which is Mohammed’s home country). The money will also be used to promote products.
Mohamed said the latest wave of proptech didn’t focus enough on the industry’s real bottleneck: knowledge and execution.
“Property transactions are slow and opaque because the reasoning lives in people’s heads and the process spans too many disconnected systems,” he said, adding that the company is betting that the next era of proptech is similar to what happened in public markets — “levels of intelligence, automated execution and continuous software-based decision-making.”
“Smart Bricks is building the AI infrastructure that allows real estate to function more like a modern financial system, even across borders,” said Mohamed.
Others in this space include reAlpha and RoofStock. Mohamed said Smart Bricks are different because others build on top of a technology stack, but this product has built the stack on its own.
“We’re closer to what Bloomberg did for public markets or what algorithmic trading platforms did for stocks than a consumer real estate portal,” he said. “The goal is not to show more options, but to enable better outcomes through autonomous reasoning systems.”
