Mohamed Mohamed has spent most of his career working at companies such as BlackRock, Goldman Sachs and McKinsey, all of which “treated real estate as a calculus problem,” he said.
“They have proprietary data pipelines, internal valuation models, simulation tools, and increasingly, early AI systems to support underwriting and capital allocation,” he told TechCrunch about how these companies analyzed real estate investments.
But he knew that the average person who also invests in real estate doesn't have access to such advanced tools. His friends were coordinating transactions on WhatsApp and saving important information to PDFs.
“There was no unified data layer, no consistent modeling, and no easy way to reason about risk, liquidity, and execution end-to-end,” Mohamed continued. “There was nothing like a modern intelligence stack, and decisions involving millions of dollars were being made.
In 2024, he left Boston Consulting Group to strike out on his own. He founded Smart Bricks, an AI-powered proptech that helps investors find quality real estate investments. The company is based in London and San Francisco.
The product analyzes millions of public and proprietary data points across areas such as pricing, liquidity, trading history, supply, and financing terms.
Mohamed said the company has an autonomous reasoning system that can go beyond simply displaying available real estate deals to mapping the expected outcome of a deal using automated valuation models, cash flow forecasting, downside risk modeling and market inference.
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Smart Bricks AI tools can also help complete trading workflows that typically take weeks for lawyers, analysts, and brokers to complete on their own, allowing humans to handle everything using AI agents. Even after a deal is brokered, the smart brick continuously updates the deal using the latest data, monitors performance, simulates refinances, and recommends actions in response to market changes.
On Tuesday, the company announced a $5 million pre-seed round led by Andreessen Horowitz. Other angel investors in the round include South Loop Ventures, Cornerstone VC, Techstars, OpenAI, Airbnb, Anthropic, Blackstone, and DeepMind. The startup is also currently participating in a16z's prestigious Speedrun program.
Mohamed met the team at a16z last year while exhibiting at TechCrunch Disrupt. At the time, the company was under the radar, but the investment from a16z allowed it to scale, he said.
The new funding will be used to expand the product's infrastructure into additional markets (currently it only operates in the US, UK, and UAE, the latter of which is Mohammed's home country). Funds will also be used to advance the product.
Mohamed said the last wave of proptech did not focus enough on awareness and execution, which are the real bottlenecks of the sector.
“Real estate transactions are slow and opaque because they are in people's heads and the process spans too many disconnected systems,” he said, adding that the company believes the next era of proptech will be similar to what happened in the public markets. “Intelligence layers, automated execution, continuous decision-making through software,” he continued.
“Smart Brick is building an AI infrastructure that allows real estate to operate like a modern financial system, even across borders,” Mohamed said.
Others in this space include reAlpha and RoofStock. Mohammed said Smart Brick is different because while other products are built on top of a technology stack, this product is building the stack itself.
“We're closer to what Bloomberg did with public markets and what algorithmic trading platforms did with stocks than consumer real estate portals,” he said. “The goal is not to present more options, but to enable better outcomes through autonomous reasoning systems.”