What Cadastral does

Cadastral is an AI-native software company that builds a vertical AI agent platform for the commercial real estate (CRE) industry, automating document- and workflow-heavy tasks such as lease and LOI abstraction, acquisitions due diligence, underwriting, loan compliance, CAM reconciliations, and asset management reporting. Founded in 2023 and headquartered in New York City, the company sells to REITs, real estate private equity and private credit firms, brokerage operators, and institutional CRE owners across all major asset types (office, industrial, retail, multifamily, data centers, hotels, life science, senior living, and others).

The platform is delivered as five integrated modules — AI Assistant (conversational AI tuned for CRE terminology and data-room analysis), Abstracts (lease/loan/JV/vendor contract extraction with built-in and custom templates), Workflows (50+ pre-built multi-step automations), Opportunities (broker-email and OM deal sourcing), and Drive (centralized document management with SharePoint/Dropbox/Box/Google Drive connectivity) — and integrates with core CRE systems including Yardi, DealPath, and Salesforce. The architecture is multimodal (text, structured data, scanned images, handwritten documents), SOC 2 Type II certified, and explicitly designed so customer data is never used for model training; deployment options include single-tenant cloud, private VPC, and on-premises. Cadastral does not disclose whether its underlying models are proprietary or built on third-party foundation models.

Commercially, Cadastral operated an enterprise SaaS model with quote-based pricing sold through 'Schedule a demo' and 'Get access' CTAs, complemented by self-serve onboarding via app.cadastral.ai. By mid-2026 the company reported 50+ enterprise customers including JLL, Continental Realty Corporation ($8B AUM), AvalonBay Communities, Equity Residential, Empire State Realty Trust, and Green Courte Partners, with documented outcomes such as 78% faster lease abstractions, $300K annual cost savings (CRC), and thousands of abstracts generated per year (JLL). In February 2026 the company raised a $9.5 million seed round led by Navitas Capital with participation from JLL Spark Global Ventures, AvalonBay, Equity Residential, and 1Sharpe; in June 2026 Cadastral was acquired by Swedish legaltech company Legora (then at $100M+ ARR and a $5.6B Series D valuation), becoming the anchor of Legora's first major US engineering hub in New York with plans to scale the team to 200+ staff.

Name

Cadastral

Legal name

Cadastral, Inc.

Website

https://cadastral.ai/

Company type

Private

Founded year

2023

Operating status

Acquired

Headcount range

1–10 employees

Short description

Cadastral is an AI-native vertical software company that builds AI agents to automate commercial real estate workflows — including lease abstraction, due diligence, underwriting, and asset management — for REITs, brokerages, and CRE-focused private equity and credit firms. The company was acquired by Legora in June 2026.

Ownership category

akta.pro rank

Product category

Commercial Real Estate Software

NAICS

Software Publishers (5132)

SIC

Services-Prepackaged Software (7372)

akta.pro primary industry

AI Application Enablement Platforms (Copilot/Agent Frameworks, SDKs) (HDAEANAJ)

akta.pro secondary industry

iBPMS (Intelligent BPM Suites) & Process Automation Suites (HDAEAHAG)

Keywords

• Commercial real estate software
• Lease abstraction AI
• CRE due diligence
• Real estate workflow automation
• AI contract drafting

Headquarters

HQ city

New York

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Software

Cost components

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

Revenue model

1. SaaS Subscription (AI Platform): Cadastral operates as an AI-native SaaS platform charging commercial real estate firms for access to its AI agent platform. The platform is sold to CRE professionals, private equity, and private credit firms on a subscription basis, with adoption across various use cases including lease abstraction, acquisitions due diligence, underwriting, and asset management. Pricing is likely enterprise/quote-based given the B2B focus and named large customers.

Pricing tiers

Go-to-market motion2 records

Distribution channels2 records

Marketing channels4 records

Core offering

Cadastral develops and sells an AI-native SaaS platform purpose-built for commercial real estate workflows. The platform uses conversational and generative AI to automate lease abstraction, acquisitions due diligence, underwriting, loan compliance, and contract drafting for REITs, private equity real estate funds, and institutional CRE operators. It includes built-in abstract templates, 50+ pre-built workflow automations, a deal-tracking module that parses broker emails and OMs, and integrations with Yardi, DealPath, Salesforce, email, and cloud storage.

Product overview

Cadastral is a unified AI platform for commercial real estate built as a single integrated system comprising five core modules: the AI Assistant for conversational interactions and analysis, Abstracts for document extraction, Workflows for 50+ pre-built automations, Opportunities for deal tracking, and Drive for document management. These modules work together to automate the full CRE lifecycle from lease review and due diligence to contract drafting and reporting.

Differentiator

Problem solved

Functional benefit

Products and services

• Cadastral AI Agent Platform AI-native SaaS platform that automates complex commercial real estate workflows end-to-end — including lease abstraction, acquisitions due diligence, underwriting, loan compliance, and contract drafting — for enterprise CRE owners, REITs, PE/credit firms, and institutional investors. The platform uses AI agents that speak CRE and ships with 50+ pre-built workflow automations, abstract templates, and integrations with email, cloud storage, Yardi, DealPath, and Salesforce.

Quantifiable outcome

• 50%+ process improvements and cost reductions for clients using Cadastral's AI agents
• +6 more outcomes

Named customers6 records

Segments2 records

Ideal customer profiles2 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration12 records

AI capability9 records

Feature6 records

Partnerships

One partnership is on record.

• LegoracoreOthers · 4 June 2026Swedish legaltech company Legora acquired Cadastral to expand its coverage in legally intensive industries. Cadastral's co-founder Abe Somani joined Legora as director of asset management. The acquisition anchors Legora's plans to establish its first major US engineering hub in New York with more than 200 staff. This is Legora's fourth acquisition in 2026. Legora had recently surpassed $100M in ARR and reached a $5.6B valuation in its Series D funding round.

Scale indicators6 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• Northspyre: AI-driven project management platform for real estate development. Overlaps with Cadastral's development and capital markets workflows for CRE firms.
• Leverton (now part of MRI Software): AI-powered lease abstraction platform acquired by MRI Software. Direct competitor to Cadastral's Abstracts module for CRE and corporate real estate document extraction.
• Cherre: CRE data intelligence and analytics platform serving large owners and operators. Comparable to Cadastral in serving enterprise REITs and asset managers with workflow automation.
• Prophia: AI platform purpose-built for CRE owners and operators to manage portfolio data, lease abstractions, and document intelligence — directly comparable to Cadastral's vertical AI agent approach.
• DealPath: Deal management platform for CRE acquisitions and dispositions. Both a Cadastral integration partner and direct competitor in CRE deal pipeline workflow automation.
• Skyline AI: AI-driven commercial real estate investment analysis platform. Overlaps with Cadastral's underwriting and acquisitions due diligence use cases for CRE investors.

Broad incumbents

• RealPage: Large incumbent property management and analytics software provider for CRE and multifamily. Competes broadly with Cadastral across asset management, lease administration, and compliance workflows.
• Yardi: Major CRE and property management software suite. Cadastral integrates with Yardi but Yardi also embeds workflow automation capabilities, making it a broad incumbent competitor.
• Harvey AI: Domain-specific AI for legal and professional services with expansion into adjacent verticals. Comparable to Cadastral's parent Legora and a horizontal threat to CRE-specific workflows.

Emerging players

• Spellbook: AI copilot for lawyers focused on contract drafting and review. Emerging player with partial overlap into CRE legal workflows — relevant competitor as AI agent frameworks proliferate.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/cadastral-ai

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 records

Funding overview

Funding rounds1 record

Investors6 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 Cadastral