Prophia is automating the process of combing through commercial real estate leases and says it can detect 200 types of data.
A San Francisco startup that's developing software to streamline commercial real estate contracts raised just over $10 million in new funding.
The Series A round was led by Cercano Management and included SignalFire. And it brings Prophia's total funding to nearly $17 million, according to PitchBook. According to Prophia's website, users upload all of their leasing documents into the company's cloud platform which then extracts up to 200 types of data. Everything is reviewed and validated by humans, and then leasing documents can be continually updated, added and executed.
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