May 1, 2023 – HelloData.ai, a real estate artificial intelligence company that develops algorithms to extract structured data from real estate images and documents, announces Marc Rutzen as CEO.
Rutzen, 35, brings more than a decade of experience in real estate technology and machine learning to his role with HelloData.ai. He spent the first part of his career in real estate development, brokerage and consulting before launching Enodo — a startup that utilized machine learning to automate the real estate investment underwriting process. Timothy Gamble, 25, and Nicolas Lassaux, 30, the cofounders of HelloData.ai, met Rutzen via being the first two full-time hires at Enodo.
After Walker & Dunlop (NYSE: WD) acquired Enodo in 2019, Rutzen led the company’s data science, product, and customer success teams as SVP of Information Technology, before being promoted to Chief Product Officer in 2021. As part of Walker & Dunlop’s investment in Fortress, a property management software, Rutzen also worked as Chief Information Officer at Fortress to help accelerate their go-to-market strategy and machine learning initiatives.
“Real estate data is often trapped in images, documents and various platforms that don’t integrate with each other - real estate analysts spend so much time manually moving data from one medium to another,” said Rutzen. “Tim and Nico have created a suite of AI products that can reduce the time it takes for these tasks from many hours to a few seconds. I think the operational efficiencies HelloData.ai will unlock are tremendous.”
Gamble and Lassaux say they are excited to be working with Rutzen again.
“When we built Enodo together in 2016, the capabilities of AI were nowhere near where they are today,” said Lassaux. “With the advent of large language models like OpenAI, the data and insights we can unlock for the real estate industry today are greater by orders of magnitude. With Marc on our team again, we’re ready to take our growth as a company to the next level.”
Rutzen says he is thrilled to be working with his old team again on this new venture, and looks forward to building out the company’s marketing and sales teams.
Rutzen holds a Master of Science in Real Estate Development from Columbia University and a bachelor’s degree in architectural studies from the University of Illinois at Urbana-Champaign. He is also a licensed Managing Real Estate Broker in Illinois.
HelloData.ai is a real estate AI startup that uses computer vision and OCR to extract data from real estate images, documents and web platforms at scale. It offers a suite of APIs that can be used to analyze the quality and condition of properties from listing photos, extract data from documents like leases and offering memos, and survey rent and availability data from listing sites. Learn more by visiting https://hellodata.ai/.
Check out media coverage about the announcement in BuiltIn Chicago & Connect Commercial Real Estate: