A New York-based artificial intelligence startup, has raised $12 million in funding to automate key processes involved in commercial real estate lending, including loan underwriting, due diligence and loan monitoring.
The funding round was led by Cowboy Ventures, with participation from existing investors Timber Grove Ventures, Bling Capital and Max Ventures. CarbonAI develops artificial intelligence agents designed to handle analytical tasks that commercial real estate lenders traditionally perform manually. Its technology is built to process property and financial documents, assess information relevant to loan applications, prepare investment memoranda and identify potential risks for review by lending professionals.
The company said its platform is designed to support lenders throughout the loan process, from the initial assessment of a financing application to monitoring the loan after funds have been disbursed.
According to the company, its software analyses documents such as rental records, lease agreements, financial statements and legal documents. It then organises the information, prepares underwriting assessments and links its findings to the original documents to enable lenders to verify the results.
The technology is intended to reduce the time spent on repetitive administrative and analytical tasks while allowing professionals to retain responsibility for decisions requiring human judgment.CarbonAI’s fundraising comes as commercial real estate lenders face substantial workloads involving new loan applications, refinancing and the monitoring of existing loans.
The company estimates that commercial real estate lending teams spend approximately $50 billion annually on underwriting and loan monitoring, much of which still relies on spreadsheets and manual document reviews. CarbonAI launched its first product suite in early 2025 and reported reaching seven figures in contracted revenue within six months of its launch.
Its customers include commercial real estate debt funds, mortgage real estate investment trusts, agency multifamily lenders and publicly traded financial institutions. Greystone, a commercial real estate finance company, is among the organisations identified as a customer.
The startup was founded by Jeff Saul and Josh Kaufman, who previously worked in commercial real estate lending and investment roles at firms including Starwood Capital and Morgan Stanley.Before establishing CarbonAI, the founders built Nativ, a commercial real estate deal management platform that served more than 30 lenders before being acquired by Built, a construction and real estate finance technology company.
The latest funding is expected to support CarbonAI’s continued product development and expansion as it seeks to increase the use of specialised artificial intelligence tools across commercial real estate finance.
CategoryBusinessTagsCarbonAI, Artificial Intelligence, Commercial Real Estate, Cowboy Ventures, Fintech, Startup FundingFeatured ImageUse an authorised image of CarbonAI’s founders or a relevant image illustrating artificial intelligence in commercial real estate finance.Source: The Fintech Times, October 29, 2026.
