What does Prophetic do?
Prophetic is an AI-powered platform designed for real estate developers, homebuilders, brokers, architects, and more. It offers automated site planning, statewide development and zoning maps, extracted zoning control data, and outreach tools to assist in real estate development opportunity analysis and land acquisition.
How much did they raise?
The company raised an undisclosed amount in a Seed round. The funding round was led by Entrada Ventures with participation from investors such as SilverCircle and Progression.
What are their plans for the money?
Prophetic intends to use the funds to expand its operations and development efforts. This investment is expected to enable the company to scale its platform across new markets and enhance its suite of AI-driven tools, further supporting real estate professionals in identifying and capitalizing on development opportunities.
What have they achieved so far?
Since its launch in July 2024, Prophetic's platform is already live in multiple states including California, Oregon, Washington, Florida, Texas, Georgia, Arizona, Colorado, Utah, Idaho, and Nevada. The company has plans to extend its services to Tennessee, Maryland, and other states in the coming months.
