Prophia offers a cloud‑based AI platform that automatically extracts up to 215 lease data points from PDF documents and applies a two‑stage human audit to achieve 99% accuracy. The resulting structured, searchable lease data is linked to its source, enabling interactive stacking plans, critical‑date alerts, and automated rent‑roll reconciliation for commercial real estate teams.
Funding
$10.2M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
2OCMFounders
Product
Problem
Commercial real estate firms rely on manual lease abstraction, which is slow, error‑prone, and difficult to scale across large portfolios. Inaccurate rent rolls and missed critical dates lead to financial losses and operational risk.
Solution
Prophia provides a cloud‑based platform that uses proprietary AI to extract up to 215 lease data points from PDFs in seconds, then applies a two‑stage human audit to achieve 99% accuracy. The system links every data element back to its source document, enabling searchable, verified lease information. Users can visualize holdings with interactive stacking plans, track encumbrances, and receive automated alerts for critical dates. The platform also supports ongoing updates, so new amendments are incorporated automatically, keeping the lease database current without manual re‑entry.
Target Audience
Primary customers are commercial real estate leasing, asset management, and property management teams that need reliable, searchable lease data for portfolio analysis, due‑diligence, and ongoing operations.
Features
- AI‑driven OCR and natural‑language processing that abstracts lease terms, tenant details, financial obligations, and custom fields from any PDF lease or amendment
- Dual‑layer quality assurance: AI extraction followed by expert CRE reviewer verification and a second human check
- Interactive, real‑time stacking plans and encumbrance visualizations that map tenant locations, rights, and space restrictions
- Smart search with hyperlinked results that jump directly to the originating clause in the source document
- Critical date engine that flags expirations, renewal windows, rent escalations, and other key deadlines with configurable alerts
- Automated rent‑roll reconciliation and CAM expense verification linked to lease clauses
- Secure, SOC 2‑compliant hosting on AWS with role‑based access controls and audit trails