OJO Labs acquires real estate software startup RealSavvy

OJO Labs, a tech startup that empowers consumers to make better decisions through its conversational AI (artificial intelligence) platform, “OJO,” has acquired Austin-based RealSavvy, a powerful real estate software platform for REALTORS®, brokers, and teams that combines its collaborative IDX with customizable websites, branded mobile apps, and a fully-integrated predictive CRM. The company did not disclose the details of the acquisition.

As part of the acquisition, RealSavvy will be immediately integrated into the company, leveraging its resources, market access, and team to further RealSavvy offerings and vision.The acquisition enables OJO Labs to speed up its execution to deliver exceptional experiences for consumers and the real estate agents that serve them

Founded in 2014 in Austin, TX, RealSavvy is an all-in-1 platform for real estate agents, teams and brokerages dedicated to innovating how homebuyers engage with their agents through a “Pinterest-style,” collaborative home search. Winners of the 2015 SXSW Accelerator for Innovative Technology, the RealSavvy team is setting the bar high for IDX websites, CRM, and mobile apps.

“RealSavvy’s game-changing products and features were built to solve hard and entrenched problems that agents and brokers have wrestled with for years,” shares John Berkowitz, CEO of OJO Labs. “Even more significant than the products and underlying technology, is our alignment on vision and values. Our teams invested in similar visions, not to build products or a company for a quick sale, but to create products that truly impact people’s lives in a positive way, for both consumers and the agents that serve them.”

With RealSavvy joining OJO Labs in its new Austin headquarters on South Congress Ave., the company has assembled an outstanding team of engineering, data science, product and marketing professionals on its trajectory toward transforming real estate experiences for consumers. The culture, passion and focus enable the organization to solve complex problems while blazing new trails in ways no other company has done before. The synergy will allow partnered brokerages the ability to scale distinct products into the hands of consumers and agents.

Founded in 2015 by David Rubin and John Berkowitz, OJO Labs is on a mission to empower people to make better decisions through the fusion of machine and human intelligence. The company’s unique, patented AI technology products can conduct text conversations with consumers at scale. By combining natural language understanding with data and personalization, the products allow consumers to deeply engage in a purchase process before interacting with a salesperson. OJO Labs is backed by the two most active VC firms in Texas, leaders in real estate and financing industries, as well as key industry executives.

“Our visions are aligned to effect transformative changes in the behaviors of agents and consumers working together,” Rick Orr, CEO of RealSavvy commented. “Bringing our platforms together, with a team of exceptional talent solving hard technical problems, adds fuel to our vision and helps agents have less dependency on portals, or aging technology, giving the industry a momentus advantage.”