Closera recently launched!

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^{"AI for Commercial Real Estate Brokerages"}

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^{TL;DR: Closera is building Harvey for Commercial Real Estate. Closera automates the most time-consuming tasks that slows deals down:}

• ^{Sales decks that used to take 4 weeks and cost $5,000? Now done in minutes}
• ^{Property valuation models that took hours? Built in seconds}
• ^{Verifying data for thousands of listings? Happens all at once, not over days}

https://youtu.be/8VllVRH9qLQ

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Founded by Anmol Tukrel & Chinmay Patel

They met during their first CS class at Stanford eight years ago. Since then, they have been project partners, roommates, and close friends.

Anmol was a PM at Google, where he monetized Gemini, NotebookLM, and Flow - hitting nine-figure ARR within a week of launch. Previously, Anmol founded an app that had users in 120+ countries and was named one of TechCrunch's top AI stories of the year. For this, he was featured in a Google commercial alongside a Nobel prize winner, Turing award winner, and the Prime Minister of Canada.

Chinmay dropped out of a joint master’s program at Harvard & MIT to build Closera. Previously, he advised F500 companies on AI automation at BCG, built AI to analyze drone footage for investment insights at Point72, and shipped creator products to millions at Roblox. He also worked with John Hennessy (Chairman of Alphabet, former Stanford President) on ReadRite, a platform to curb online misinformation.

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Problem

‍Commercial real estate (CRE) is packed with boring, repetitive, and tedious work across tasks like creating marketing materials and performing diligence on property listings.

They were inspired to work on this idea after a friend (who is an analyst at a top CRE firm) vented at dinner that she couldn’t hang out later that week because of all the tedious work piling up. A few weeks later, they sat down with her to see what AI could take off her plate. Turns out, a lot!

They estimate commercial brokers work 60 hours a week, and 35 of those hours could be automated away with AI. This is especially true for the deal process: generating client deliverables, verifying listing details, and valuing properties. These three tasks represent about 60% of time and money spent by CRE brokers today.

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What They Are Building

‍Closera is the AI platform for commercial real estate brokerages. They automate their most repetitive workflows across sales, marketing, and property valuation, saving them hours each day. They envision a future where people in the industry are free from making decks and doing grunt work, so they can focus on the parts of the job they love (or just have more free time for pickleball! 🏓 ).

They are starting by automating the entire process of creating deal materials like offering memorandums and broker opinions of value, even doing all the research needed as inputs to these documents. They are able to take a process that usually takes 4 weeks and $5,000, and do it in 5 minutes.

Closera is building the AI native operating system for the $37T commercial real estate industry.

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Learn More

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^{🌐 Visit www.closera.com to learn more.}

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^{🤝 If you know any commercial real estate brokers (and you’d like for them to close more deals!), a warm intro would be incredibly helpful. Also, if you’ve ever worked or founded in the CRE space, they would love to meet and get your advice. Get in touch with the founders here.}

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^{👣 Follow Closera on LinkedIn & X.}

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