Deep Blocks was born at Singularity University’s Global Solutions Program, which brings people from diverse backgrounds together to learn how emerging technologies can be harnessed to redefine the world and solve some of our biggest challenges. Our team chose to tackle the Global Grand Challenge of Shelter. We developed a vision of employing artificial intelligence to solve the enormous complexities surrounding building projects, and providing tools that can be used to plan and build the cities of the future. Our founders drew from extensive backgrounds in artificial intelligence, real estate development, finance, and architecture.
Deep Blocks was the only team in the history of SU to be accepted into all three of its startup programs in the same year (GSP, Incubator, and Accelerator). SU invested in the company, and some of SU's own investors soon followed suit.
Deep Blocks' technology combines proprietary algorithms and artificial intelligence techniques to optimize the process of real estate development from a financial perspective. Our software performs a complete real-time analysis of financial and market data, in combination with local building regulations, to generate a set of optimal strategies for any real estate development project. As we compile a rich real estate database from cities around the world, the use of machine learning will provide unprecedented insights that will enable cities and developers to optimize decisions about where to build, what to build, and when to build.
The Real Estate industry is in flux. There are many technologies presenting novel solutions for optimizing existing datasets and shining light on information that historically could only be guessed at. This is exciting. However, the industry is highly cyclical, and remains reliant on external forces like financing and, in many cases, foreign investment. These forces tend to incentivize a myopic view of bottom lines, and often result in unnecessary products that end up backfiring because there was no market to begin with. This dynamic is exacerbating the epidemic lack of affordability in every major city, and leaving our coastal cities hamstrung as they face the threat of climate change. The current guessing methods of analyzing real estate development mean it is simply too risky to tackle these crises comprehensively.
At Deep Blocks, we believe real estate development should be driven by the internal demands of the city and its aspirations to build a thriving and equitable environment for its residents. We believe cities have a lot to offer to one another, and we are building an infrastructure of real estate information exchange in order to accelerate the adoption of real solutions.