Prophia

What Prophia does

Prophia is an AI-powered contract intelligence and portfolio insights platform purpose-built for the commercial real estate (CRE) industry. Its core technology combines machine learning — including NLP, advanced OCR tuned for degraded legacy documents, and generative AI — with expert human validation to extract structured data from lease contracts. The platform abstracts over 215 key lease terms from PDFs and supports interactive portfolio visualizations such as self-updating Dynamic Stacking Plans, Encumbrance Tracking, Smart Search via ElasticSearch, AI-Powered CAM Reconciliation, and a conversational AI Assistant that operates on top of audited lease data. The product has processed more than 208,000 lease documents covering 600M+ square feet across 5,235 buildings and 24,894 tenants, positioning Prophia as a large-scale lease data provider in the CRE vertical.

The company's revenue model combines a freemium self-serve tier (Prophia Abstract, free instant AI-only abstraction) with an annual subscription product (Prophia Essentials, AI + expert validation, unlimited organizational users, priced per document or per square foot) and a usage-based per-document option for acquisition due diligence. Go-to-market is a hybrid of direct enterprise field sales to CRE owners, operators, and asset managers — with named customers including Nuveen, Rudin, Related Companies, RXR, Spear Street Capital, FD Stonewater, and Patrinely Group — and a product-led growth motion via the free Prophia Abstract tool and integrations with dominant property management platforms (Yardi, MRI) and the Cherre analytics platform. The company serves primarily U.S.-based customers from offices in San Francisco and Seattle, with an initial UK expansion via the Second Century Ventures / NAR REACH program in 2024.

Prophia is a privately held Delaware-incorporated company founded in 2018 by Cameron Steele (CEO) and Chris Hsu (CTO), headquartered in San Francisco. As of late 2022 it had raised approximately $15.3M across seed, early, and Series A rounds, the latter led by Cercano Management with participation from SignalFire and customer-investors. The company holds SOC 2 Type 2 and references ISO 27001 compliance, reflecting enterprise-readiness for institutional CRE buyers. Leadership includes VPs of Business Development, People, and AI & Product, plus a board and advisory bench drawn from CRE owners, proptech operators, and former executives at OpenTable, Booking Holdings, and the Wall Street Journal.

Name

Prophia

Legal name

Prophia, Inc.

Website

https://prophia.com

Company type

Private

Founded year

2018

Operating status

Operating

Headcount range

11–50 employees

Short description

Prophia is an AI-powered lease abstraction and portfolio intelligence platform for commercial real estate owners, operators, and asset managers, combining machine learning with expert human validation to structure lease data at scale.

Ownership category

akta.pro rank

Product category

Commercial Real Estate Lease Management Software

NAICS

Title Abstract and Settlement Offices (541191), Nonresidential Property Managers (531312)

SIC

Real Estate (6500)

akta.pro primary industry

Commercial Real Estate Asset Management (BPAJAMAB)

akta.pro secondary industry

HOA/Condo Document & Estoppel Services (BPAJAOAK)

Keywords

• Commercial real estate software
• Lease abstraction platform
• AI lease management
• CRE document intelligence
• Property data analytics

Headquarters

HQ city

San Francisco

HQ country

United States

HQ region

North America

Offices3 records

Markets served

GTM type

B2B

Offering type

Software

Cost components

Personnel, Technology or R&D, Marketing or Sales, Operations, Infrastructure

Revenue model

1. Prophia Abstract (Freemium): Free AI-only lease abstraction tool delivering quick results without human review. Users can review and edit data themselves. Serves as a lead generation tool for the premium Essentials product.
2. Prophia Essentials Subscription: Comprehensive lease management subscription that extracts over 215 key lease terms with AI precision and expert human oversight. Includes interactive web-based platform, visual dashboards, reporting capabilities, and portfolio-wide insights. Pricing based on per-document or per-square-foot basis.
3. Per-Document Abstraction: Transaction-based pricing for lease abstraction services, allowing customers to pay per document processed. Ideal for acquisition due diligence and one-time abstraction needs.

Pricing tiers

Go-to-market motion2 records

Distribution channels4 records

Marketing channels9 records

Core offering

Prophia provides an AI-powered lease abstraction and document intelligence platform for commercial real estate. Its software extracts 215+ key lease terms from CRE contracts, validates them with expert human reviewers, and delivers structured data, interactive visualizations (e.g., stacking plans), portfolio analytics, and conversational AI queries to CRE owners, operators, investors, brokers, and lenders.

Product overview

Prophia is an AI-powered contract intelligence and portfolio insights platform for commercial real estate. The platform offers a unified architecture with Prophia Abstract (free instant AI lease abstracts in minutes) and Prophia Essentials (comprehensive lease management with 215+ terms and expert validation) as the core products. Additional modules include AI Assistant for conversational lease queries, Dynamic Stacking Plan for interactive portfolio visualization, Smart Search for document discovery, and Portfolio Analytics for multi-dimensional reporting. The platform processes lease data across 600M+ square feet of commercial real estate, serving asset managers, property managers, leasing teams, and investors.

Differentiator

Problem solved

Functional benefit

Brands

• Prophia Essentials: AI-powered lease management solution that helps owners and operators better manage their tenants and investments by structuring, visualizing, and tracking every detail in their leases.
• Prophia Portfolio
• Prophia Abstract

Products and services

• Prophia Essentials

Quantifiable outcome

• 53% of rent rolls contain material financial errors - Prophia addresses this through automated verification against source documents
• +4 more outcomes

Named customers15 records

Segments7 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

Yes

API docs

API detail

Core technology

AI maturity

App detail

Integration3 records

AI capability7 records

Feature8 records

Partnerships

Four partnerships are on record, tiered core.

• CherrecoreTechnology or IntegrationCherre is a real estate data platform integration partner. Prophia provides lease data that integrates with Cherre's analytics platform, enabling customers to enrich their property and portfolio data with verified lease information.
• YardicoreTechnology or IntegrationCustom integration partnership enabling seamless data transfer between Prophia's lease intelligence platform and Yardi's property management systems, widely used in commercial real estate.
• MRI SoftwarecoreTechnology or IntegrationCustom integration partnership allowing Prophia lease data to sync with MRI's property management platform, supporting operational workflows for CRE owners and operators.
• Second Century Ventures / NAR REACHcoreStrategic or Co-development PartnerSecond Century Ventures is the strategic investment arm of the National Association of Realtors. Prophia is a graduate of the REACH Commercial program, gaining access to industry network, mentorship, and growth resources through this vertical-specific accelerator.

Scale indicators8 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• Visual Lease: Specialist in lease accounting and lease management software, including abstraction-adjacent workflows for ASC 842/IFRS 16 compliance. Competes directly with Prophia for the CRE lease administration and abstraction buyer.
• LeaseAccelerator: Enterprise lease accounting and management platform serving corporates and real estate occupiers. Overlaps with Prophia in lease abstraction, data extraction, and CAM/lease compliance for large portfolios.
• Leverton (now part of MRI Software / Deloitte): AI-driven lease abstraction and contract analytics platform originally built for CRE and corporate real estate. Closest direct competitor in the AI lease abstraction category, now distributed through MRI/Deloitte channels.
• Tango Analytics: Lease accounting and lease management software focused on compliance (ASC 842/IFRS 16) and abstraction. Comparable in target customer (enterprise CRE and corporate occupiers) and product scope.

Broad incumbents

• RealPage: Large incumbent provider of software, data, and analytics for the multifamily and commercial real estate industries. Owns the dominant property management and asset management platforms that Prophia integrates with and could embed competing AI features into.
• Yardi: Major CRE and multifamily software suite (Yardi Voyager, etc.). Both an integration partner and a potential competitor: Yardi could natively add AI lease abstraction, threatening Prophia's standalone layer.
• MRI Software: Global provider of real estate software including property management, accounting, and lease administration. An integration partner of Prophia and a potential competitor through its acquisition of Leverton.
• Altus Group (ARGUS / Reonomy): Provider of CRE data, analytics, and asset valuation software (ARGUS Enterprise, Reonomy). Competes with Prophia in delivering structured CRE intelligence to institutional owners and investors.

Emerging players

• Cherre: CRE data and analytics platform that integrates Prophia's lease data into its own portfolio analytics offering. A partner but also an adjacent competitor in the unified CRE data platform category.
• Occupier: Modern lease management and portfolio analytics platform for commercial tenants and smaller operators. Competes in the same AI-enabled lease abstraction and portfolio insights space with a slightly more tenant-centric angle.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks7 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/prophia
• Xx.com/prophia

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles10 records

Funding overview

Funding rounds5 records

Investors7 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Prophia