SAN FRANCISCO — Cambio, an AI-native commercial real estate operations platform, has publicly launched after raising $18 million in Series A funding aimed at modernizing how landlords and investors manage capital planning, compliance, and retrofit decisions across large property portfolios.
The funding round was led by Maverick Ventures, with participation from Y Combinator, Adverb Ventures, Peterson Ventures, and a group of angel investors that includes executives from Procore, OpenAI, Anthropic, Vanta, Vercel, ServiceNow, Notion, and Amplitude.
Commercial real estate, a $20 trillion global industry, continues to rely heavily on spreadsheets, PDFs, and months-long manual analysis to guide multimillion-dollar investment decisions. Cambio was built to replace those legacy workflows with agentic AI—software capable of reasoning across unstructured data, performing multi-step analyses, and continuously adapting as regulations, asset conditions, and market dynamics evolve.
Unlike traditional real estate software driven by static rules and manual inputs, Cambio leverages large language models and agentic AI workflows to analyze thousands of pages of building data in minutes. The platform combines capital planning and regulatory compliance into a single AI-native system, allowing investors and operators to evaluate retrofit opportunities, prioritize high-impact investments, and generate ROI-driven strategies across thousands of buildings simultaneously.
During its stealth phase, Cambio expanded rapidly, launching in more than 35 countries and opening a London office to support growth across Europe, the UK, and APAC. The company has already attracted a roster of major institutional customers, including Principal Real Estate, Nuveen Real Estate, BGO, LaSalle Investment Management, Oxford Properties Group, Madison International Realty, and Beacon Capital Partners.
Cambio was founded by a team with backgrounds at KKR, Oxford Properties Group, JPMorgan, and Goldman Sachs. The founders developed the platform while completing their master’s degrees at Stanford University, drawing on firsthand experience managing large real estate portfolios burdened by fragmented systems, manual data reconciliation, and error-prone spreadsheets.
To support its next phase of growth, Cambio has expanded its leadership team with four senior hires: Lizzie Leon, formerly of Goldman Sachs, as Head of Product Innovation; Katerina Kaimakamis, formerly of Oxford Properties Group and CBRE, as European Business Lead; Laura Willet, formerly of BGO, as Canadian Business Lead; and Matthew Lobach, formerly of Hersha Hospitality Trust, as Head of Partner Operations & Strategy. Collectively, the group brings experience managing more than $400 billion in commercial real estate globally.
“For years, owners have been buried in thousands of pages of unstructured building data, with no practical way to drive insights,” said co-founder Leia de Guzman. “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.”
Co-founder Stephanie Grayson added that the platform was designed with investors in mind. “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.”
Cambio’s platform ingests building data, evaluates performance, flags retrofit opportunities, and generates capital strategies, reframing regulatory compliance as a catalyst for value creation rather than a cost center.
Jennifer McConkey, Managing Director at Principal Real Estate, said the partnership has helped 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,” she said.
Ryan Isono, Managing Director at Maverick Ventures, said the company is poised to reshape the industry. “Just as AI has radically rearchitected healthcare and legal workflows, Cambio is redefining how the multi-trillion-dollar real estate sector operates,” he said. “The team’s founder-market fit is evident in Cambio’s rapid growth, strong customer base, and early traction.”
