OpenHouse.ai, a Calgary-based start-up that uses artificial intelligence (AI) to deliver real solutions to real problems in the home building industry, has closed on a $1.5 million seed funding round led by Trico Ventures Corp. with participation from home builders in the U.S. and Canada.
Launched in 2022, OpenHouse.ai’s OpenConnect platform is designed to help builders understand buyers’ needs through AI-driven personalization. The company said the new funding will equip OpenHouse.ai to deploy its product offerings to more home builders across North America and help address the U.S. and Canadian housing supply gaps.
“Our mission is to empower home builders to make better, data-informed decisions that create meaningful outcomes and help them to thrive in this challenging market,” said OpenHouse.ai CEO and co-founder Will Zhang. “Housing affordability and availability are significant challenges across North America. By leveraging AI, we can offer builders new solutions to manage their risks and navigate cyclical market conditions with confidence and predictability, improving productivity to deliver homes more efficiently and increase profitability by matching sales to market demand.”