LA Real Estate AI Startup Luxury Presence Hiring
LA-based real estate AI platform Luxury Presence is on a hiring spree for its data platform team as it tracks toward $100M in annual revenue. Backed by Bessemer Venture Partners, the company's growth highlights the increasing demand for specialized AI in verticals like real estate. The roles focus on AI-driven property analytics and workflow automation.
Founded in 2016 by CEO Malte Kramer, Luxury Presence has raised a total of $89M. The company's investor list includes notable names like Zillow co-founder Spencer Rascoff, NBA champion Dirk Nowitzki, and NFL Pro Larry Fitzgerald, alongside lead investor Bessemer Venture Partners. The company's latest $37M funding round consists of $22M in Series C equity and a $15M debt facility from J.P. Morgan. This new capital is earmarked to accelerate the development of Presence® CRM, an AI-driven relationship engine designed to identify potential deals within an agent's existing network. This financing comes as the global AI in real estate market is projected to grow from $222.65 billion in 2024 to over $988 billion by 2029. Luxury Presence's platform supports over 87,000 agents across 17,000 businesses, processing data from nearly 700 million annual interactions. The company reports that agents using its platform grow six times faster and close nearly three times more transaction volume compared to other agents in the same markets. The new Presence® CRM aims to be a "System of Action" rather than a traditional CRM that requires manual data entry. It will unify an agent's contacts, social media followers, and communication history with third-party data to track life events and predict when someone is likely to enter the real estate market. In July 2025, the company launched an Autonomous AI Marketing Team, a tool featuring four AI specialists that manage tasks like SEO optimization, lead nurturing, content creation, and digital advertising. This system is built on PresenceAI, which uses real-time MLS data and behavioral insights from millions of website visitors annually. Headquartered in Austin, Texas, with an office in Los Angeles, the company has seen over 110% growth in annual recurring revenue since its Series B-1 raise in 2023. It currently generates more than $85 million in ARR, handling $450 billion in annual transaction volume.
