UAE-based real estate technology startup XPLOR raises $3 million in new funding

UAE-based real estate technology startup XPLOR raises $3 million in new funding 

By: Abu Dhabi SME Hub
News

Founded in 2015, XPLOR is a 3D tech, digital twin, and master planning software that has been designed in a user-friendly manner.

Ayana Holding today announced its partnership with XPLOR, a homegrown tech start-up seeking to revolutionize the construction and real estate industries in the Middle East and North Africa, to accelerate digitization using cutting-edge technology. XPLOR raised $3 million in a new funding round, which the company will leverage to fuel the next stage of its growth and expansion.

Responding to the growing need for digitization in the real estate and property development sectors, XPLOR will step up its endeavors to develop future technologies that help enhance customer experience and improve operational efficiency in various asset classes. The company will harness the potential of new and emerging technologies such as blockchain to offer solutions to key challenges facing service providers and consumers.

Commenting on the announcement, Can Turkan, Founder of XPLOR, said: “Although digital transformation has been on the agenda of many businesses for years, the COVID-19 pandemic has expedited its adoption across industries including real estate. As a company that pioneers new technologies that transform the sector, XPLOR is excited about the prospects of increased focus on digitization. We are confident that the fresh funding will incentivize our pursuit of innovations and further enable us to create a meaningful impact on the regional real estate industry.”

The new funding comes as Blockchain is disrupting the real estate industry and reshaping various aspects of business and operations, including KYC, transactions, and contract management, among others. XPLOR is keen on capitalizing on the prospects of its transition into a truly electronic, Blockchain-enabled industry, whereby playing a key role in making the sector safer and more efficient, and affordable.

Founded in 2015, XPLOR is a 3D tech, digital twin, and master planning software that has been designed in a user-friendly manner. It takes a holistic approach to real estate digitization covering marketing, sales, leasing, and facilities management. XPLOR not only helps real estate developers to reduce their operational expenditure (OpEx), increase market share and minimize the possibility of human error but also assists investors by giving them full control to choose, book and explore units.

The software lets customers, after they have chosen their destination, delve deeper into the community by analyzing the location, infrastructure, landmarks, availability of properties masterplan, amenities, and floor plans. It also allows them to see the 3D exterior and walk-through the property to view the interior.

Mr. Turkan explains: “Most real estate investors will make a decision after seeing it in person, but this software truly outdoes that experience.”

Celebrating the success of the UAE’s Hope Probe Mars Mission, XPLOR has designed a phenomenal and innovative masterplan on the Red Planet. Visitors to the company’s website can take a 360° tour of ‘Burj Mars’, ‘Mars Marina’ and ‘Mars Opera’, to discover the mission through an interactive journey and get a feel of life on another planet.

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