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Prophia

AI-powered lease abstraction platform for commercial real estate that extracts 188+ key terms from lease PDFs in minutes, with optional human QA for 99% accuracy.

Category: Legal & Compliance Lease Abstraction
Tags: lease-abstractiondocument-ainlpocr
AI

How they use AI

OCR and NLP models extract 188+ data concepts from commercial lease documents, including aged/degraded scans with handwritten notes. ML continuously refined via human reviewer feedback. AI auto-identifies ~60% of concepts per tenant.

AI type: OCR, NLP, Machine Learning

What it helps you do

Automate Lease Abstraction Reduce Operating Costs

Built for

Asset Managers Property Managers Reits

Key numbers

  • 554M sq ft under management
  • 193,730 documents processed
  • 100% customer retention
  • 250% ARR growth at Series A

Credibility

Founders
Cameron Steele (CEO, Stanford/Dartmouth MBA, founding team at buuteeq acq. by Booking Holdings) and Chris Hsu (CTO, Stanford CS, prev. Oracle/Booking.com)
Customers
RXR, Nuveen, CBRE, Spear Street Capital, Harrison Street, Related, Rudin. 554M sq ft, 4,721 buildings.
Investors
Cercano Management, SignalFire, Second Century Ventures (NAR), Alumni Ventures
Reviews
Capterra 4.7/5 (39 reviews)
Case Studies
RXR: entire portfolio digitized, complex tasks reduced to minutes. Nuveen/CBRE: onboarded additional 10M sq ft after initial success.

Founded

2018

Headquarters

San Francisco, CA

Stage

Series A

Employees

11-50