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Grotto AI
AI guidance platform for multifamily leasing and renewals
About Grotto AI
GrottoAI provides an artificial intelligence-driven technology platform designed for the multifamily real estate sector to minimize vacancy loss. The company's proprietary technology, named Guidance, uses renter data to offer real-time support to property management teams during crucial phases of the tenant lifecycle, such as leasing and renewals. Its services aim to convert more leads into leases and anticipate tenant departures to ensure new tenants are found promptly. The platform features a built-in capability for measuring return on investment.
GrottoAI was co-founded by CEO Nick Deveau and CTO Ben Epstein. Deveau has a background in AI from Stanford and has experience leading AI product development for Fortune 500 clients in sectors like insurance and healthcare. Epstein's career has been focused on building and scaling machine learning and deep learning platforms, including developing a proprietary LLM platform at his previous company, EvolutionIQ. Both founders were instrumental in developing key technology at EvolutionIQ, contributing to its acquisition.
The company operates on a vertical AI SaaS business model, targeting a specific industry with a specialized solution. In July 2025, GrottoAI completed a Seed funding round, raising $4.69 million.
Source: Dealroom company dataAt a glance
- Status
- Operational
- Founded
- 2025
- Headquarters
- New York City, United States
- Employees
- 13
- Open positions
- 2
- Dealroom signal
- 86.1/100
- Industry
- Real Estate
- Sector
- Real Estate, Core AI, Generative AI, genAI Applications
- Technology
- Artificial Intelligence
- Business model
- SaaS
- Client focus
- b2b
Knowledge graph
More headlines
Funding history
Company financing events and reported valuations.
| Deal type | Date | Amount | Valuation | Investors | Source |
|---|---|---|---|---|---|
| SEEDOther financing | Feb 2026 | $10M | $40M | Avi Dorfman · Caren Maio · David Dear · Asymmetric Capital Partners | ↗ |
Growth signals
Latest recorded traffic for Grotto AI is 11K monthly website visits, up 124.5% over the last three months. Grotto AI's team grew 550% over the past year.
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Investments and acquisitions
Recent portfolio relationships for companies that also act as investors or acquirers.
Investors
From Dealroom's funding and investor records, grouped by the round each investor first entered.
Seed5 investors entered at this stage
IONIQ Group
Avi Dorfman- CMCaren Maio
David Dear
Asymmetric Capital Partners
Source: Dealroom Talent Intelligence.
Global footprint
team presence
Market sentiment
An AI-synthesised read of the highest-engagement posts about Grotto AI on X, ranked by likes and reposts, corporate channels excluded.
Reading the room on X — pulling top posts and synthesizing themes…
Source: X recent search ranked by engagement (likes + retweets) · Synthesis by Claude · Cached for 1 hour
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