Cambio, an AI-native commercial real estate operations platform, has announced its public launch alongside $18 million in Series A funding. Maverick Ventures led the round, with participation from Y Combinator, Adverb Ventures, Peterson Ventures, and angel investors from Procore, OpenAI, Anthropic, Vanta, Vercel, ServiceNow, Notion, and Amplitude.
The funding arrives as the company emerges from stealth with an already established presence in more than 35 countries. Cambio has also opened a London office to support expansion across the EU, UK, and APAC markets, signaling ambitious international growth plans.
Commercial real estate is a $20 trillion industry that still spends billions of dollars annually on manual data gathering and investment analysis. Multi-million dollar decisions often rely on spreadsheets, PDFs, and months of manual review—a process that hasn't fundamentally changed in decades.
Unlike legacy real estate software built on static rules and manual inputs, Cambio was designed from the ground up around agentic AI. The platform uses large language models and AI workflows to reason over thousands of pages of building data, compressing months of work into minutes. This allows investors to evaluate and prioritize retrofit investment opportunities across thousands of buildings simultaneously.
"For years, owners have been buried in thousands of pages of unstructured building data, with no practical way to drive insights," said Leia de Guzman, Co-Founder. "Large language models finally make that data usable at scale. Cambio applies agentic AI to transform compliance and capital planning from a static reporting obligation into a continuously learning decision engine."
The $18 million will support Cambio's rapid scaling efforts, including international expansion and team growth. The company has already tripled its team size and added four senior leaders with deep industry experience.
New hires include Lizzie Leon, formerly of Goldman Sachs, who joins as Head of Product Innovation after working with Cambio as a client. She's joined by Katerina Kaimakamis (formerly Oxford Properties Group and CBRE) as European Business Lead, Laura Willet (formerly BGO) as Canadian Business Lead, and Matthew Lobach (formerly Hersha Hospitality Trust) as Head of Partner Operations & Strategy. Together, they bring expertise in managing over $400 billion of commercial real estate globally.
Cambio's founding team brings decades of experience from KKR, Oxford Properties Group, JPMorgan, and Goldman Sachs. As investors and operators themselves, the founders spent thousands of hours gathering property data from multiple management systems, reconciling invoices, and updating spreadsheets to track and forecast asset performance.
The inefficiencies they encountered firsthand led them to build Cambio while completing their masters at Stanford University. Their goal was to replace the slow, fragmented cycle of spreadsheets and human error with AI-powered automation.
"Our investor-centric lens is what sets us apart," added Stephanie Grayson, Co-Founder. "We built Cambio to answer investor-grade questions: where to deploy capital, which assets to prioritize, and how to maximize returns while meeting regulatory requirements—without adding operational burden."
The platform ingests building data, evaluates performance, flags retrofit opportunities, and generates capital strategies. It delivers ROI recommendations in minutes and reframes regulatory compliance as a catalyst for performance rather than just a reporting obligation.
Despite operating in stealth mode until now, Cambio has already landed some of the most influential names in commercial real estate. Customers include Principal Real Estate, Nuveen Real Estate, BGO, LaSalle Investment Management, Oxford Properties Group, Madison International Realty, and Beacon Capital Partners.
"Through our partnership with Cambio, we use AI and Large Language Models not just to extract data from utility bills and building assessments, but also to drive investment-grade decarbonization at scale," said Jennifer McConkey, Managing Director at Principal Real Estate, who manages over $100 billion of real estate globally. "Cambio's models assess building performance, identify retrofit potential, and generate capex strategies–helping us prioritize high-impact actions that accelerate decarbonization and deliver returns."
Maverick Ventures, a San Francisco-based venture capital firm with over two decades of investing experience, led the Series A round. The firm partners with founders from inception through IPO and combines early-stage focus with the resources of a $10 billion-plus multi-stage platform.
"Just as AI has radically rearchitected healthcare and legal workflows, Cambio is redefining how the multi-trillion-dollar real estate sector operates," said Ryan Isono, Managing Director at Maverick Ventures. "Leia and Stephanie have unrivaled founder-market fit, having faced these pain points firsthand. It's evident in Cambio's rapid growth, stellar customer base, and the talented team they've already brought together at an early stage."
The company's name comes from the Spanish word meaning "I change," reflecting its mission to transform how real estate decisions get made. By turning raw building data into actionable insights, Cambio helps owners, investors, and operators drive building performance, ROI, and decarbonization.
