Multifamily Operations AI Vendor Travtus Raises $4M

Travtus Workforce, which bills itself as an “AI technology company focused on multifamily operations,” announced the completion of a $4 million seed funding round led by RET Ventures. No other investors were mentioned in the company’s press release. Travtus expects to use the funding to boost sales and marketing as well as to increase product development.

The company’s first product, called Adam and launched in 2019, “uses machine learning to automate multifamily property management” by monitoring and reviewing communications and service requests from residents and then associating the information with “key property metrics” like renewal rates to better understand how people interact with a property.