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First raises $5 million

MATH Venture Partners participated in the round

(Credit: Singularity Hub)

Artificial intelligence startup First raised $5 million in a Series A round. The startup uses artificial intelligence to predict when people are going to move out of their homes. 

What they do: Essentially they are a lead generator for residential real estate agents. The company claims that they can predict when a person will sell their home. This is based on income, spending behaviors and major life events. 

How they monetize: First organizes the contacts in a real estate agent’s database and tells agents the best time to reach out about a potential home sale.

Investors included: MATH Venture Partners, Nine Four Ventures, and Thad Wong + Mike Golden.

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