DataFlik, provider of AI-powered list stacking and predictive modeling, reports record growth by working with Boston-based venture studio, NineTwoThree, on a new machine learning model for real estate companies.
DANVERS, Ma., April 5, 2023 /PRNewswire-PRWeb/ -- The AI-powered real estate startup DataFlik reports record growth in 2022 thanks to the release of their machine learning model to accurately identify motivated home sellers, developed by NineTwoThree Venture Studio. DataFlik's AI-powered list stacking and predictive modeling are already being used by major real estate buyers and wholesalers and have helped the company achieve 634% growth in monthly recurring revenue.
DataFlik hit the market just as the real estate industry began to see greater adoption of technology. Last year saw the highest value of PropTech investment on record, with the US investing $61.1 billion in the first half of 2022 alone. Meanwhile, the home shortage increased by 36% since 2019, to a shortage of 5.24 million homes.
DataFlik leveraged NineTwoThree's expertise in machine learning to build ML models to generate lists of potential sellers with a prediction accuracy of 68% - significantly higher than the industry average. Compared to lists generated using human analysis and a small number of data points, DataFlik's ML models were able to process over 42 billion data points from 6,000 data sources including National Recorder and Tax Assessor Databases, US Census, and Credit Bureau data. This results in more accurate lists which have generated 8 times higher ROI for DataFlik's customers.
"Carrying out the actual implementation of your visions is super hard to do for most non-technical founders. When I started working with NineTwoThree, they really helped optimize my visions to make them realities and they did it in a way that was very organized, scalable, and effective," said DataFlik's Co-Founder and CEO, Tyrus Garrett.
NineTwoThree supplies the technical expertise and staff augmentation necessary for funded startups and emerging tech brands like DataFlik to build digital ventures and realize their vision. As a venture studio, they have experience building machine learning, IoT, and mobile apps for dozens of clients and have also launched 14 successful startups.
"Our goal as NineTwoThree is to give founders like Ty the tools they need to innovate," said Andrew Amann, CEO, and Co-Founder at NineTwoThree. "We're very pleased with the growth we were able to achieve with DataFlik and their team."
"We got connected with NineTwoThree because we just needed to expand our team, but I didn't really have the resources to build the development team myself," said Garrett. "Our team interacts with NineTwoThree every day so we're very combined together at this point. If we didn't have them, we wouldn't be as far as we are now."
DataFlik has plans for new products and considerable growth in 2023. Visit DataFlik.com for more info on their plans to further disrupt the real estate industry and visit NineTwoThree.co for more insights on machine learning development.
About NineTwoThree Venture Studio
Since launching in 2012, NineTwoThree Venture Studio has helped launch numerous software products and systems for clients and emerging companies and has been named for two years to the fastest-growing private companies in America on the Inc 5000 list. The studio builds custom products for established brands and funded startups. As a venture studio that learned what worked from building 50 client apps and 14 startups up to one billion dollars, NineTwoThree operates from a proven playbook to efficiently and cost-effectively deliver high-quality software engineering. The studio is actively scaling its footprint across the industrial, financial, healthcare, last-mile delivery, IoT, eCommerce, wellness, and other industries, creating products for the largest brands in the world, as well as funded startups. Learn more by visiting https://www.ninetwothree.co/ and following the brand on LinkedIn, Twitter, Instagram, and Facebook.
Media Contact
Kathy Berardi, NineTwoThree Venture Studio, 1 6786444122, [email protected]
SOURCE NineTwoThree Venture Studio
Share this article