Home Verification Startup Raises $3.7M, With Eye On US Market

Israeli startup Dono, which uses AI to carry out instant time home verification checks, has raised $3.7 million in funding, having recognized what it says is a gap in the US real estate market. 

The funding was led by Israel’s lool Ventures, along with angel investors including US insurance company Lemonade and Israeli fintech firm Melio. 

The Dono platform allows interested parties such as builders and property developers to verify home ownership in real time, using large language models and machine learning to wade through documents and other data. 

The funding announcement came as the startup emerged from stealth with the launch of its platform. The company says it has reached agreements with a range of leading firms in the US real estate ecosystem. 

“The United States real estate sector has been plagued with ambiguity and lacks the modern tools and technology to support those dependent on property data,” said Dono founder and CEO Tali Gross. 

“The US land registration system’s inconsistencies and data accessibility poses a direct risk to the largest asset pool in the US, valued at over $70 trillion. In fact, the annual expenditure on ownership verification is close to $30 billion and is on a growth trajectory,” he said. 

“By leveraging advanced AI, Dono not only enhances accuracy and efficiency in real estate transactions but also significantly reduces costs for all parties involved.”