Appraiva acquires Propspector.ai to accelerate vision AI for real estate investors
Acquisition unites the only two vision AI platforms for real estate deal discovery, fueling faster innovation and expanding Appraiva’s footprint
TORONTO — April 17, 2025 — Appraiva Technologies, a leader in visual property intelligence, today announced it has acquired Propspector.ai, a U.S.-based proptech startup known for its AI software which identifies physically-distressed properties for real estate investors. This strategic acquisition unites the only two companies in the world using artificial intelligence and street-level imagery to pinpoint residential real estate investment opportunities, consolidating their pioneering technologies under a unified platform. The move positions Appraiva to accelerate the adoption of vision AI in the real estate investing market and deliver unprecedented deal discovery capabilities to real estate investors.
Both Appraiva and Propspector.ai were early innovators in applying computer vision to real estate lead generation. Each developed a flagship “AI D4D” (AI Driving for Dollars) solution that automatically detects signs of property distress from street-level images — such as neglected maintenance or structural damage — to identify off-market properties with high investment potential. By leveraging vision AI to virtualize the traditionally labor-intensive driving for dollars process, the two startups have given investors a unique edge in discovering undervalued and overlooked properties before others do. As a combined entity, Appraiva and Propspector.ai will accelerate both go-to-market and R&D efforts. The acquisition expands Appraiva’s customer base and market coverage, while pooling the companies’ technical resources to fast-track new features and offerings.
In the year since its U.S. launch in March 2024, Appraiva has experienced rapid growth, with its platform gaining strong traction among real estate investors looking for an edge in a competitive market. Building on this momentum, Appraiva plans to double down on streamlining the real estate investment process through the power of vision AI and data — including launching new technology that enables investors to analyze opportunities more effectively and in a fraction of the time.
“We’re thrilled to bring together Propspector.ai and Appraiva,” said Arman Iranpour, CEO of Appraiva. “This acquisition marks a great milestone for both companies and propels our shared mission to help real estate investors do more deals with the power of data & AI. By uniting the only two vision AI platforms for real estate lead generation, we can innovate faster and deliver even more value to our customers — helping them discover and close on the right properties with greater speed and confidence.”
“Propspector.ai was built on the belief that vision AI could fundamentally change real estate investing,” said Daniel LeFoll, CEO of Propspector.ai. “We’re excited to see Appraiva advance our shared mission of helping investors discover and close on more opportunities, faster. With Appraiva’s expanded resources and momentum, they are the perfect partner to take this platform and technology to the next level for real estate investors.”
About Appraiva Technologies Inc.
Based in Toronto, Appraiva is a leading provider of property condition data & insights for residential real estate investors across 35+ U.S. states. Appraiva’s platform combines visual analysis of property imagery with comprehensive property & ownership data to identify off-market investment opportunities. Learn more at appraiva.com.
