Real estate is the world’s largest asset class, estimated to be worth $280 trillion. Yet it invests less than 1% of its revenues into technology or innovation, lagging significantly behind other large industries. By 2019, after years of avoidance and neglect, investment in real estate technology began to accelerate. Commercial real estate (CRE) firms were scrambling to catch up and the world’s largest players were all competing to be the leader in the burgeoning “PropTech” market, estimated to reach $12.11 billion by 2025.