Prophia Raises $10.2M in Series A

Prophia, a San Francisco, CA-based provider of AI technology for lease abstraction and commercial real estate (CRE) data management, raised $10.2M in Series A funding.

The round was led by Cercano Management, with participation from SignalFire.

The company intends to use the funds to expand its suite of patented technologies and capabilities.

Led by CEO Cameron Steele, Prophia is a provider of AI technology for lease abstraction and CRE data management, bringing massive amounts of lease and tenant information together to empower CRE landlords with real-time data and portfolio insights. By tethering data directly from its source documents and making it available in digestible formats, Prophia gives building owners and investors a competitive advantage with an opportunity to mitigate risk, reveal business opportunities and elevate decision-making at the asset and portfolio level. The system integrates into corporate ecosystems with direct integrations with Yardi and MRI.