Relm Pro Launches 18 AI Agents for CRE Underwriting

- The company, Relm.ai (formally Perisphere Inc.), was founded in 2023 and has raised $4.6M in funding. Its co-founder and CEO, Evan Robinson, previously worked in public policy focusing on zoning and housing reform. - Relm Pro is an expansion of the company's initial consumer-facing AI-powered home search platform, which attracted over 55,000 users by allowing natural language searches for nuanced home features. The data and insights from the consumer side helped inform the development of the professional-grade underwriting tool. - The 18 AI agents operate as what the company calls an "institution of agents" or an "agentic flow," where specialized research and financial agents work in parallel to automate the entire property diligence process. This system is designed to replicate the workflow of a human analyst team, completing tasks like research, financial modeling, and offer memorandum generation for a 150-unit asset in under 20 minutes. - The agents are designed to handle complex, multi-step workflows by deploying specialized agents for distinct tasks such as analyzing individual units, pulling tax records, finding comps, and assessing demographics. Financial agents then take over to build a 10-year pro-forma, with each line item justified by its own agent with full reasoning and source citations. - The platform's technical architecture is built to move beyond simple automation toward autonomous execution. This aligns with a major venture capital trend in proptech, where investment is increasingly flowing to AI-native companies that actively perform work, rather than just assisting human users. - Venture capital investment in AI-focused proptech companies is surging, with $16.7 billion invested in 2025, a 67.9% increase from 2024. This capital is concentrating in companies like Relm that automate core operational work such as underwriting, leasing coordination, and compliance.