Chat With UsChat With UsBy Nazish Shah • 27 January 2026
Cambio, the AI-native commercial real estate operations platform, has officially launched publicly after raising $18 million in Series A funding. The round was led by Maverick Ventures, with participation from Y Combinator, Adverb Ventures, Peterson Ventures, and angel investors from Procore, OpenAI, Anthropic, Vanta, Vercel, ServiceNow, Notion, and Amplitude.
Commercial real estate is a $20 trillion industry still reliant on spreadsheets, PDFs, and months of manual analysis for multi-million-dollar decisions. Cambio is re-architecting this workflow with agentic AI, software that reasons across unstructured data, runs multi-step analyses, and continuously adapts as regulations, assets, and market conditions change. By leveraging large language models, Cambio can analyze thousands of pages of building data, compressing months of work into minutes and enabling investors to prioritize retrofit and capital deployment opportunities across thousands of buildings simultaneously.
During its stealth phase, Cambio expanded into 35+ countries, opened a London office to support EU, UK, and APAC growth, and onboarded some of the most influential names in commercial real estate, including Principal Real Estate, Nuveen Real Estate, BGO, LaSalle Investment Management, Oxford Properties Group, Madison International Realty, and Beacon Capital Partners. The founding team brings deep institutional experience from KKR, Oxford Properties Group, JPMorgan, and Goldman Sachs, where they experienced firsthand the inefficiencies of legacy real estate operations, insights that led to Cambio’s creation while completing their master’s degrees at Stanford University.
To support its rapid global expansion, Cambio has strengthened its leadership team with four senior hires: Lizzie Leon (formerly Goldman Sachs) as Head of Product Innovation, Katerina Kaimakamis (formerly Oxford Properties Group and CBRE) as European Business Lead, Laura Willet (formerly BGO) as Canadian Business Lead, and Matthew Lobach (formerly Hersha Hospitality Trust) as Head of Partner Operations & Strategy. Collectively, the team has managed over $400 billion in global commercial real estate.
“For years, owners have been buried in thousands of pages of unstructured building data, with no practical way to drive insights,” said Leia de Guzman, Co-Founder of Cambio. “Large language models finally make that data usable at scale. Cambio applies agentic AI to transform compliance and capital planning from a static reporting obligation into a continuously learning decision engine.”
“Our investor-centric lens is what sets us apart,” added Stephanie Grayson, Co-Founder. “We built Cambio to answer investor-grade questions: where to deploy capital, which assets to prioritize, and how to maximize returns while meeting regulatory requirements, without adding operational burden.”
Cambio’s impact is already being felt by global asset owners.
“Through our partnership with Cambio, we use AI and Large Language Models not just to extract data from utility bills and building assessments, but also to drive investment-grade decarbonization at scale,” said Jennifer McConkey, Managing Director at Principal Real Estate. “Cambio’s models assess building performance, identify retrofit potential, and generate capex strategies, helping us prioritize high-impact actions that accelerate decarbonization and deliver returns.”
Investors see Cambio as a category-defining platform for real estate.
“Just as AI has radically rearchitected healthcare and legal workflows, Cambio is redefining how the multi-trillion-dollar real estate sector operates,” said Ryan Isono, Managing Director at Maverick Ventures. “Leia and Stephanie have unrivaled founder-market fit, and it’s evident in Cambio’s rapid growth and stellar customer base.”