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Propaya

AI commercial lease abstractions and review

Y CombinatorSummer 2024ActiveReal Estate and ConstructionHousing and Real EstateArtificial IntelligenceReal EstateHousingProptech

What they do

Problem

Commercial lease review and abstraction is slow, manual, and error-prone, making it hard to extract key terms and evaluate deals efficiently.

Solution

An AI platform that automatically abstracts and analyzes commercial leases with clause-cited insights, linked schedules, exportable data, and benchmarking/deal evaluation tools.

Who it's for

Commercial real estate brokers, in-house real estate teams, and attorneys who review and negotiate commercial leases.

Founders

Reader Wang
Founder

Reader, CEO of Propaya, a former SpaceX engineer in the Starship Program with an MS from Stanford and a BS from the University of Michigan. Still actively managing over 70 rental properties for his family, Reader understands the firsthand pain points of property management.

Jake Golas
Founder

Jake, CTO of Propaya, a former full-stack software developer at Epic Systems, completed his BS in Computer Science in three 1/2 years.

Company timeline

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