Proptech’s Most Powerful

Proptech’s Most Powerful

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— Tom Acitelli, Deputy Editor

Power Proptech 2023

Once upon a time, proptech was one of commercial real estate’s hottest niches. Even before the pandemic, investment in and development of technology to service property and streamline real estate transactions were both growing exponentially year after year. An industry that had barely existed in 2010 was transplendent with startups and investors in 2020. Then the pandemic — yes — accelerated things. Venture capital investment in proptech increased 28 percent annually in 2021, to around $32 billion, nearly three times what it was in 2018, according to the Center for Real Estate Technology & Innovation (whose founder is on the Power Proptech 2023 list that you have before you). Startups were pouring into the space to service the needs of suddenly worried owners. These owners wanted the most efficient and remunerative properties they could get — and the cleanest! — to draw tenants and visitors back amid a once-in-a-century public health crisis.

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Tech Giant NVIDIA Embraced Remote Work. It's Worth $1 Trillion.

Silicon Valley tech darling NVIDIA, a chip and graphics hardware manufacturer whose products power much of the artificial intelligence boom, named the latest addition to its $902 million headquarters Voyager, in reference to a “Star Trek” spaceship. And, yet, one decision that propelled the firm to become one of the most valuable companies on the planet — helping it boldly go where no one has gone before — is its embrace of its workers staying in place. As one of the world’s biggest tech companies, this decision to embrace — not just allow, but fully institute — the flexibility of remote work while maintaining top-tier offices for collaboration and meetings “creates a pretty meaningful talent advantage,” argues Rob Sadow, CEO and co-founder of Scoop Technologies, which sells an app focused on hybrid office productivity (and which does not work with NVIDIA).

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