reAlpha
IPORaised Since FeaturedAI-powered homebuying
AI-powered, commission-free real estate platform that integrates realty, mortgage, and title into one seamless homebuying experience.
About
reAlpha Tech Corp (NASDAQ: AIRE) is building the world's first AI-powered, integrated real estate platform. Founded in 2020 by serial entrepreneur Giri Devanur and Monaz Karkaria, the company reimagines the $3 trillion U.S. real estate services market by eliminating traditional agent commissions and replacing them with AI-driven automation. Their flagship AI concierge, Claire, handles much of the homebuying process — from property search through closing — while the platform generates revenue through ancillary services like mortgage brokering and insurance rather than commissions. reAlpha completed a direct listing on NASDAQ in November 2023, and has since expanded aggressively through acquisitions including Prevu (a digital homebuying platform operating across 12 states) in late 2025. The company's vision is a single platform spanning home search, realty services, mortgage, and title, with AI organizing tasks, synthesizing market data, and providing real-time guidance throughout the transaction.
DailyDropout Take
reAlpha caught our attention as an ambitious attempt to democratize real estate investing through AI and technology. Founded by a serial NASDAQ IPO entrepreneur, the company pivoted from short-term rental syndication to building a full-stack, commission-free homebuying platform powered by AI — ultimately going public on NASDAQ in 2023.
Discovery signal: Serial entrepreneur founder with prior NASDAQ IPO experience, early AI application in real estate, commission-free model disrupting traditional brokerage
What Makes Them Unique
reAlpha is the first platform to fully integrate AI-powered realty, mortgage, and title services into a single commission-free homebuying experience, aligning company incentives with buyers by monetizing through ancillary services rather than traditional agent commissions.
AIRE
NASDAQ Ticker
November 2023
IPO Date
12+
States Operating
4,432%
Revenue Growth (YoY)
Target Markets
Founders
Giri Devanur
Founder & Executive Chairman
Serial entrepreneur with 25+ years in IT. Previously led Ameri100 Inc. to a successful NASDAQ IPO, scaling it to $50M revenue in 4 years. E&Y Entrepreneur of the Year 2017. Master's in Technology Management from Columbia University.
Monaz Karkaria
Co-Founder & COO
Co-Founder responsible for building reAlpha's global operations including data science, acquisitions, and roll-out management.
Funding History
Lead: N/A
Lead: N/A
Press & News
reAlpha Tech Corp. Launches Claire, Real Estate's First AI-powered, Zero-Commission Smart Buyer's Agent
reAlpha Acquires Prevu to Expand Multi-State Footprint
Massive 4,432% Revenue Growth: How reAlpha's AI Real Estate Platform is Disrupting Home Ownership