Cambio Raises $18M Series A to bring agentic AI to commercial real estate operations
Cambio has launched with an $18 million Series A to replace spreadsheet-heavy workflows in commercial real estate with agentic AI. The platform unifies capital planning and regulatory compliance so operators can analyze unstructured building data, prioritize retrofits, and produce investor-grade plans across thousands of assets-fast.
Why this matters for Operations
- Cut cycle time from months to minutes by parsing audits, invoices, BMS exports, and permits at portfolio scale.
- Run live scenarios that balance IRR, payback, emissions, risk, and downtime-then translate output into project plans and budgets.
- Keep compliance continuously current as rules shift across regions, without spinning up new manual reporting.
The company leans on large language models and agentic AI workflows to reason over messy, multi-format data and perform multi-step analyses that update as inputs change.
What the platform does
- Ingests thousands of pages of building data and normalizes it automatically.
- Flags retrofit opportunities, quantifies impact, and ranks investments by ROI and objectives.
- Combines capital planning and compliance in one system to produce board-ready strategies.
- Scales recommendations across entire portfolios, not just single assets.
"For years, owners have been buried in thousands of pages of unstructured building data, with no practical way to drive insights," said co-founder Leia de Guzman. "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."
Co-founder Stephanie Grayson added, "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."
Who's backing and adopting it
The $18 million round was led by Maverick Ventures with participation from Y Combinator, Adverb Ventures, Peterson Ventures, and angels from Procore, OpenAI, Anthropic, Vanta, Vercel, ServiceNow, Notion, and Amplitude.
Customers include major institutional operators:
- Principal Real Estate
- Nuveen Real Estate
- BGO
- LaSalle Investment Management
- Oxford Properties Group
- Madison International Realty
- Beacon Capital Partners
"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," said Jennifer McConkey, Managing Director at Principal Real Estate.
"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. "The team's founder-market fit is evident in Cambio's rapid growth, strong customer base, and early traction."
Scale, team, and traction
Cambio expanded during its stealth phase to more than 35 countries and opened a London office to support growth across Europe, the UK, and APAC. The company was founded by operators and investors with experience at KKR, Oxford Properties Group, JPMorgan, and Goldman Sachs, and developed while completing master's degrees at Stanford.
New leadership hires
- Lizzie Leon (ex-Goldman Sachs), Head of Product Innovation
- Katerina Kaimakamis (ex-Oxford Properties Group, CBRE), European Business Lead
- Laura Willet (ex-BGO), Canadian Business Lead
- Matthew Lobach (ex-Hersha Hospitality Trust), Head of Partner Operations & Strategy
The leadership team brings experience managing more than $400 billion in commercial real estate globally.
Operator's checklist: put this to work
- Centralize inputs: upload audits, BMS data, invoices, utility bills, permits, maintenance logs.
- Set constraints: IRR and payback targets, carbon goals, compliance dates, downtime limits, budget caps.
- Run portfolio scenarios: rank retrofits by NPV, emissions impact, operational risk, and tenant disruption.
- Turn outputs into action: scopes, timelines, vendor bids, and a live capex plan tied to compliance.
- Close the loop: feed actual costs and performance back into the model after each project to improve the next decision.
The takeaway for Operations
Capex and compliance move from static reporting to a living decision system. Less manual reconciliation, clearer priorities, faster approvals, and a portfolio plan you can defend in the boardroom.
If you're building team skills around AI-driven decision workflows, see practical training for operations roles at Complete AI Training.
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