XAI Land

What XAI Land does

XAI Land (자이랜드 주식회사) is a Seoul-based, privately held AI real estate valuation company founded in 2018 (originally as CRE Korea) that builds a residential Automated Valuation Model (AVM) for the South Korean market. Its core product, LENS, is an ensemble of Gradient Boosting sub-models trained on property-type-specific data (apartments, officetels, villas, detached homes, multi-dwelling units, and urban living housing), deployed on Google Cloud Platform with a Supabase-based audit trail and SHAP-based explainability. The platform is bundled with three additional modules—PULSE (monitoring/early warning), VAULT (secure data and portfolio management), and RADAR (risk detection)—forming a four-layer risk architecture that financial institutions, public agencies, and investment institutions can deploy independently or together.

XAI Land generates revenue primarily through institutional subscriptions to LENS and the Real Estate Data API, with pricing determined by separate annual contracts with banks, savings banks, guarantee agencies, and government bodies such as HUG, HF, and SGI. A freemium consumer tier provides basic valuations free to general users, and partnerships with certified appraisal companies create a secondary professional-services revenue stream. The company was an 'Innovative Financial Service' participant in the FSC regulatory sandbox from February 2020 to February 2023, and has presented at the National Assembly and the KIISS/KDSS Spring Joint Conference in 2025 to position for the Korea AI Basic Law taking effect in 2026.

The company is led by co-founder and CEO Raymond James Chetti, with advisory support from Dr. Lee Inkeun (former head of Korea Land & Housing Institute and former Seoul Assistant Mayor) and Shawn Sang-Youb Lee (former head of NH Nonghyup Bank's Big Data Strategy Group). It has raised Pre-A funding from New Paradigm Investment and three strategic angel investors in 2021 and 2022, with funding amounts undisclosed. As of late 2025 the company remains pre-Series A, operates exclusively in South Korea, and has not publicly disclosed revenue or headcount.

Name

XAI Land

Legal name

자이랜드 주식회사 (XAI Land Inc.)

Website

https://xai.land

Company type

Private

Founded year

2018

Operating status

Operating

Headcount range

1–10 employees

Short description

XAI Land is a Seoul-based AI company that builds an Automated Valuation Model (AVM) for residential properties across South Korea, serving financial institutions, public agencies, and investment institutions with explainable valuations and risk infrastructure.

Ownership category

akta.pro rank

Product category

Real Estate Valuation Software

NAICS

Offices of Real Estate Appraisers (53132), Offices of Real Estate Appraisers (531320)

akta.pro primary industry

Automated Valuation Models (AVM) & Property Data/Analytics (FSALALAJ)

akta.pro secondary industries

Residential Property Appraisal (BPAJAKAA), Multi-Family & Affordable Housing Appraisal (BPAJAKAE), Real Estate Valuation & Appraisal (BPAHANAC), Property Valuation: Appraisal Management (AMC) & Appraiser Networks (FSALALAI)

Keywords

• Automated valuation model
• Real estate analytics
• Property valuation software
• Residential AVM platform
• Explainable AI valuation

Headquarters

HQ city

Mapo

HQ country

South Korea

HQ region

Asia

Offices2 records

Markets served

GTM type

B2B

Offering type

Software

Cost components

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

Revenue model

1. Institutional AVM Subscription Services: Subscription-based access to LENS AVM platform for financial and public institutions. Pricing determined by separate institutional contracts. Includes access to valuation reports, risk infrastructure services, and portfolio monitoring.
2. Real Estate Data API: API-based data services providing access to proprietary analysis data for over 19.3 million residential properties in South Korea. Usage-based or subscription access.
3. Basic Services (Free Tier): Basic AVM services provided free of charge to general users. Limited functionality compared to institutional paid tiers.
4. Real Estate Appraisal Report Services: Partnership with certified appraisal companies to generate faster, cleaner reports. Revenue from facilitating appraisal services for customers.

Pricing tiers

Go-to-market motion1 record

Distribution channels4 records

Marketing channels9 records

Core offering

XAI Land provides an AI-based Automated Valuation Model (AVM) and risk infrastructure platform for residential real estate in South Korea. Its core product LENS produces property valuations with confidence grading for apartments, officetels, villas, detached homes, and multi-dwelling units, supported by RADAR, VAULT, and PULSE modules that together form a four-layer risk architecture. The company also offers a Real Estate Data API for programmatic access to its proprietary analysis database of 19.3 million+ residential properties, serving financial institutions, public agencies, and investors.

Product overview

XAI Land operates as an AI-based real estate valuation infrastructure platform providing a four-layer risk architecture (RADAR, VAULT, PULSE, LENS) that financial institutions, public agencies, and investors can use to evaluate and manage large-scale real estate assets consistently and transparently. The core product is LENS, an Automated Valuation Model (AVM) that covers all residential property types in South Korea, including apartments, officetels, villas (row houses and multiplex housing), detached homes, and multi-dwelling units. Additional modules (PULSE for monitoring, VAULT for secure data storage, RADAR for risk detection) can be deployed independently or together as a complete defense system. A Real Estate Data API enables programmatic access to the proprietary analysis database.

Differentiator

Problem solved

Functional benefit

Brands

• LENS (렌즈): AI-based Automated Valuation Model (AVM) for real estate property valuation with transparent, explainable outputs.
• PULSE (펄스)
• VAULT (볼트)
• RADAR (레이더)

Products and services

• LENS (렌즈) AI-powered Automated Valuation Model (AVM) that provides real estate price estimation for residential properties across South Korea. Generates valuation reports with accuracy metrics (MdAPE, PPE@10%) and confidence scores for financial institutions, public agencies, and investors.
• RADAR (레이더) Risk detection and scanning module forming one of four independent layers in XAI Land's risk architecture. When combined with LENS, VAULT, and PULSE it provides a complete defense system for real estate portfolio risk assessment.
• VAULT (볼트) Secure data vault module for storing and managing property valuation data, appraisal records, and historical analysis within the integrated risk architecture platform for portfolio and asset risk management.
• PULSE (펄스) Risk monitoring and early warning module within XAI Land's four-layer risk architecture. Provides real-time tracking and early warning alerts for property value fluctuations and portfolio risk assessment.
• Real Estate Data API API service providing access to XAI Land's proprietary real estate analysis data for over 19.3 million residential properties in South Korea. Allows users to upload address files and retrieve valuation analysis programmatically.

Quantifiable outcome

• MdAPE 2-5% median absolute error for standard housing types vs 7-14% for human appraisers
• +6 more outcomes

Named customers6 records

Segments4 records

Ideal customer profiles4 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

AI capability4 records

Feature8 records

Partnerships

Ten partnerships are on record, tiered minor and core.

• Korea Intelligent Information Systems Society (KIISS)minorStrategic or Co-development Partner · 1 May 2025Academic society that co-hosted the 2025 Spring Joint Conference where XAI Land presented on AVM accuracy and transparency. Part of broader academic engagement strategy.
• Korea Data Strategy Society (KDSS)minorStrategic or Co-development Partner · 1 May 2025Academic society that co-hosted the 2025 Spring Joint Conference alongside KIISS. XAI Land presented research on AVM for new construction homes and transparency management.
• Dr. Lee Inkeun (Advisory Board)coreStrategic or Co-development Partner · 1 March 2022Former head of Korea Land & Housing Institute (한국토지주택공사토지주택연구원) and former Assistant Mayor of Seoul Municipality responsible for city planning and infrastructure projects including Cheonggyecheon restoration and Subway Line 9. Joined advisory board to provide expertise in public sector and urban development.
• Shawn Sang-Youb Lee (Banking/Finance Advisor)coreStrategic or Co-development Partner · 1 March 2022Former head of NH Nonghyup Bank's Big Data Strategy Group. Joined as Banking/Finance Sector Advisor to help XAI Land work with Korean banking and financial institutions, leveraging 17+ years of banking/finance experience.
• Korea Standards Association (KSA) AI+ Certification ProgramminorOthers · 1 January 2022Certification program used to authenticate and certify the accuracy and authenticity of XAI Land's AVM technology through official certification institutions.
• OSB Savings Bank (오엔비저축은행)coreStrategic or Co-development Partner · 1 May 2021Successfully tested Seoul villa AVM with OSB Savings Bank in May 2021. This was one of the first institutional validations of XAI Land's residential AVM technology with a savings bank partner.
• NH Nonghyup Bank (NH농협은행) - NH Digital Challenge+coreStrategic or Co-development Partner · 1 October 2020XAI Land was accepted into NH Digital Challenge+, NH Nonghyup Bank's startup collaboration and acceleration program in October 2020. This partnership provided validation and potential integration pathways with one of Korea's major banks.
• Financial Services Commission (FSC) KoreacoreOthers · 1 February 2020XAI Land participated in the FSC's regulatory sandbox as an 'Innovative Financial Service' designate from February 2020 to February 2023. This designation allowed testing of AVM services with banking partners under regulatory supervision, enabling validation of the technology before full commercial launch. The sandbox participation ended on February 18, 2023.
• Google Cloud PlatformcoreTechnology or IntegrationCloud infrastructure provider for XAI Land's AVM system. Provides the computational infrastructure supporting the Gradient Boosting ensemble models and data processing for property valuations across South Korea.
• SupabasecoreTechnology or IntegrationBackend infrastructure providing audit trail functionality for AVM valuations. Enables data and valuation process reliability through comprehensive logging and traceability for regulatory compliance.

Scale indicators10 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• HouseCanary: US-based residential AVM and analytics provider serving lenders, investors, and government agencies. Comparable to XAI Land as a pure-play institutional AVM with property-type-specific sub-models and accuracy disclosure practices.
• Dabang (다방): Korean proptech platform offering rental and sale price estimation for apartments and officetels. Comparable to XAI Land as a residential valuation data provider within Korea, scaled via consumer and B2B channels.
• Zigbang (직방): Leading Korean proptech platform that provides property search and 'Noollabo' AVM-style valuation tools. Comparable to XAI Land as a Korean residential property valuation/data provider, although Zigbang is consumer-led rather than institutional-grade.
• Asil (아실): Korean real estate data and analysis platform offering transaction-price AVM and market analytics. Directly comparable to XAI Land's LENS AVM and property data API for Korean residential market.

Broad incumbents

• Korea Real Estate Agency (한국부동산원, Budongsanwon): Korean government-affiliated real estate agency that publishes the official transaction-price disclosures and tech-market-price indices used across the Korean market. Directly comparable to XAI Land as the incumbent AVM/index data source whose outputs XAI Land benchmarks against for accuracy.
• CoreLogic (Cotality): Large US data and analytics platform providing AVM, property data, and risk solutions to financial institutions. Comparable to XAI Land as a comprehensive residential valuation and risk infrastructure provider, though at vastly greater scale.
• Zillow (Zestimate): US real estate platform with consumer-facing Zestimate AVM. Comparable to XAI Land in offering automated residential property valuations, though primarily consumer-facing rather than institutional-grade.
• KB Real Estate (KB부동산, KB Sise): Operates KB Sise, the dominant Korean real estate price index used by financial institutions. Comparable to XAI Land as a residential AVM/index provider serving mortgage underwriting, although owned by a financial institution and not independent.

Emerging players

• R114 (R114 / 호갱노노): Korean apartment-focused real estate data platform operated by R114, providing pricing intelligence and analytics. Comparable to XAI Land in residential real estate valuation/data, with partial overlap in apartment-centric AVM features.

Regional players

• Hometrack: UK-based AVM and property analytics provider serving lenders and government. Comparable to XAI Land as a residential AVM vendor with institutional/banking customers, though geographically focused on the UK.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• YouTubeyoutube.com/@xai_land
• Facebookfacebook.com/xailand
• LinkedInlinkedin.com/company/18522292

Revenue estimate

Valuation estimate

Number of profiles

Profiles3 records

Funding overview

Funding rounds2 records

Investors1 record

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 XAI Land