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Grotto AI Launches With $10M Seed Round

2026-02-20
NEW YORK, NY, Grotto AI announced a $10 million seed round to tackle one of housing's most quantifiable problems: the $500B of property value lost due to vacancy.
This funding is led by ICONIQ - the seasoned AI investor who just co-led Anthropic's $30 billion Series G funding round - making Grotto AI among the earliest-stage investments in the firm's history. Advisors and angel investors also include industry veterans David Dear (BILT, formerly Equity Residential), Caren Maio (Co-founder, Get100 and Funnel Leasing), and Avi Dorfman (Co-founder, Compass), with participation from Asymmetric Capital Partners.

Grotto AI is the AI platform that helps multifamily operators reduce vacancy loss by supercharging their leasing teams. Grotto AI delivers real-time guidance and post-call coaching that turns leasing conversations into measurable revenue. Grotto AI is trusted by the nation's largest and most well-respected owners, operators, and developers.
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