Cypriot AI startup raises €1 million in pre-seed funding

Cypriot startup Placy has secured €1 million in pre-seed funding, according to an announcement released on Tuesday.

The company provides an AI-powered virtual companion that aims to reshape how real estate is bought and sold.

Placy was created to take on a number of routine tasks, including valuations, research, scheduling viewings, and drafting agreements, among others. This enables real estate professionals to focus on making sales.

Placy was founded 10 months...