Asseti, a Proptech startup, secures $2.5 million in seed funding

Sydney-based intelligent property asset management company Asseti has secured a significant $2.5 million in seed funding, led by technology investor Tidal Ventures. The company, founded in 2019 by asset imagery industry expert Aonghus Stevens, is poised to revolutionize the real estate management sector with its innovative software platform.

With a strong foothold in Australia, Asseti is now setting its sights on expanding its reach in the US market. The company’s platform utilizes high-quality imagery and machine learning to predict and prioritize asset needs, such as monitoring wear and tear, leaks, and potential hazards. This proactive approach helps minimize downtime and maximize the lifespan of valuable assets.

Tidal principal investor and Asseti board member Kieran O’Neill expressed excitement about the company’s potential to transform the industry with its AI-driven capabilities. Asseti’s founder and CEO, Aonghus Stevens, believes that data-led decision making is the future of property asset management.

Mirvac’s senior technical operations manager, Scott Robinson, praised Asseti’s platform for its versatility, stating that his team uses it for a wide range of purposes beyond site maintenance management.

The funds raised in this round will be used to further enhance Asseti’s product through AI-driven capabilities, providing instant asset insights, and exploring new ways to drive capital expenditure planning for its customer base. With its innovative approach to asset management, Asseti is poised to make a significant impact in the industry, particularly in the US market with its aging infrastructure landscape.