DataFlik, provider of AI-powered list stacking and predictive
modeling, reports record growth by working with Boston-based venture studio, NineTwoThree, on
a new machine learning model for real estate companies.
DANVERS,
Ma., April 5, 2023 /PRNewswire-PRWeb/ -- The
AI-powered real estate startup DataFlik reports record growth in
2022 thanks to the release of their machine learning model to
accurately identify motivated home sellers, developed by
NineTwoThree Venture Studio. DataFlik's AI-powered list stacking
and predictive modeling are already being used by major real estate
buyers and wholesalers and have helped the company achieve 634%
growth in monthly recurring revenue.
DataFlik hit the market just as the real estate industry began
to see greater adoption of technology. Last year saw the highest
value of PropTech investment on record, with the US investing
$61.1 billion in the first half of
2022 alone. Meanwhile, the home shortage increased by 36% since
2019, to a shortage of 5.24 million homes.
DataFlik leveraged NineTwoThree's expertise in machine learning
to build ML models to generate lists of potential sellers with a
prediction accuracy of 68% - significantly higher than the industry
average. Compared to lists generated using human analysis and a
small number of data points, DataFlik's ML models were able to
process over 42 billion data points from 6,000 data sources
including National Recorder and Tax Assessor Databases, US Census,
and Credit Bureau data. This results in more accurate lists which
have generated 8 times higher ROI for DataFlik's customers.
"Carrying out the actual implementation of your visions is super
hard to do for most non-technical founders. When I started working
with NineTwoThree, they really helped optimize my visions to make
them realities and they did it in a way that was very organized,
scalable, and effective," said DataFlik's Co-Founder and CEO,
Tyrus Garrett.
NineTwoThree supplies the technical expertise and staff
augmentation necessary for funded startups and emerging tech brands
like DataFlik to build digital ventures and realize their vision.
As a venture studio, they have experience building machine
learning, IoT, and mobile apps for dozens of clients and have also
launched 14 successful startups.
"Our goal as NineTwoThree is to give founders like Ty the tools
they need to innovate," said Andrew
Amann, CEO, and Co-Founder at NineTwoThree. "We're very
pleased with the growth we were able to achieve with DataFlik and
their team."
"We got connected with NineTwoThree because we just needed to
expand our team, but I didn't really have the resources to build
the development team myself," said Garrett. "Our team interacts
with NineTwoThree every day so we're very combined together at this
point. If we didn't have them, we wouldn't be as far as we are
now."
DataFlik has plans for new products and considerable growth in
2023. Visit DataFlik.com for more info on their plans to further
disrupt the real estate industry and visit NineTwoThree.co for more
insights on machine learning development.
About NineTwoThree Venture Studio
Since launching in 2012, NineTwoThree Venture Studio has helped
launch numerous software products and systems for clients and
emerging companies and has been named for two years to the
fastest-growing private companies in America on the Inc 5000 list.
The studio builds custom products for established brands and funded
startups. As a venture studio that learned what worked from
building 50 client apps and 14 startups up to one billion dollars, NineTwoThree operates from a
proven playbook to efficiently and cost-effectively deliver
high-quality software engineering. The studio is actively scaling
its footprint across the industrial, financial, healthcare,
last-mile delivery, IoT, eCommerce, wellness, and other industries,
creating products for the largest brands in the world, as well as
funded startups. Learn more by visiting
https://www.ninetwothree.co/ and following the brand on LinkedIn,
Twitter, Instagram, and Facebook.
Media Contact
Kathy Berardi, NineTwoThree
Venture Studio, 1 6786444122, kathy@berardipr.com
SOURCE NineTwoThree Venture Studio