Cambio, an AI-native commercial real estate operations platform, has publicly launched after securing $18 million in Series A funding led by Maverick Ventures. The investment round also included participation from Y Combinator, Adverb Ventures, Peterson Ventures, and angel investors from companies such as Procore, OpenAI, Anthropic, Vanta, Vercel, ServiceNow, Notion, and Amplitude. \n\nThe commercial real estate industry, valued at $20 trillion, reportedly spends billions annually on manual data collection and investment analysis. Critical decisions, often involving multi-million dollar investments, are frequently guided by traditional methods like spreadsheets and PDFs, a process that has remained largely unchanged for decades. \n\nCambio differentiates itself from existing real estate software by building its platform around agentic AI. This technology can interpret unstructured data, perform multi-step analyses, and continuously adjust to evolving regulations, asset conditions, and market dynamics. By employing large language models and agentic AI workflows, Cambio can process thousands of pages of building data, reducing tasks that typically take months into minutes. This capability allows investors to efficiently evaluate and prioritize retrofit investment opportunities across extensive portfolios. \n\nDuring its stealth phase, Cambio expanded its operations to over 35 countries and established a London office to support growth in the EU, UK, and APAC regions. The company also secured several prominent commercial real estate firms as customers, including Principal Real Estate, Nuveen Real Estate, BGO, LaSalle Investment Management, Oxford Properties Group, Madison International Realty, and Beacon Capital Partners. \n\nThe founding team of Cambio brings extensive experience from their tenures at KKR, Oxford Properties Group, JPMorgan, and Goldman Sachs, where they observed the inefficiencies inherent in managing real estate portfolios with manual processes. Their experience included spending thousands of hours on tasks such as gathering property data from various management systems, reconciling invoices, and updating spreadsheets to monitor asset performance. Identifying an opportunity to leverage AI to replace these fragmented, error-prone cycles, the founders developed Cambio while completing their master’s degrees at Stanford University. \n\nTo support its expansion, Cambio has appointed four senior leaders: Lizzie Leon, formerly of Goldman Sachs, as Head of Product Innovation; Katerina Kaimakamis, previously with Oxford Properties Group and CBRE, as European Business Lead; Laura Willet, who joins from BGO, as Canadian Business Lead; and Matthew Lobach, formerly of Hersha Hospitality Trust, as Head of Partner Operations & Strategy. Their collective experience in managing over $400 billion in commercial real estate globally is intended to support Cambio’s worldwide scaling efforts. \n\nLeia de Guzman, Cambio Co-Founder, stated, “For years, owners have been buried in thousands of pages of unstructured building data, with no practical way to drive insights. Large language models finally make that data usable at scale. Cambio applies agentic AI to transform compliance and capital planning from a static reporting obligation into a continuously learning decision engine.” \n\nStephanie Grayson, also a Co-Founder, added, “Our investor-centric lens is what sets us apart. We built Cambio to answer investor-grade questions: where to deploy capital, which assets to prioritize, and how to maximize returns while meeting regulatory requirements—without adding operational burden.” \n\nJennifer McConkey, Managing Director at Principal Real Estate, which manages over $100 billion of global real estate, commented on their collaboration: “Through our partnership with Cambio, we use AI and Large Language Models (LLMs) not just to extract data from utility bills and building assessments, but also to drive investment-grade decarbonization at scale. Cambio’s models assess building performance, identify retrofit potential, and generate capex strategies–helping us prioritize high-impact actions that accelerate decarbonization and deliver returns.” \n\nRyan Isono, Managing Director at Maverick Ventures, stated, “Just as AI has radically rearchitected healthcare and legal workflows, Cambio is redefining how the multi-trillion-dollar real estate sector operates. Leia and Stephanie have unrivaled founder-market fit, having faced these pain points firsthand. It’s evident in Cambio’s rapid growth, stellar customer base, and the talented team they’ve already brought together at an early stage.”