Prominent real estate family sets up new tech firm

by Jonathan Adams

A major real estate family in the city has launched a new tech firm. The Rudin family has created Prescriptive Data, a firm that offers an operating system that analyses a building’s information, including elevator use, occupancy, electricity demand and temperature, according to The Wall Street Journal.

Set to be unveiled this week, the tech company will be separate from the family’s real estate firm, Rudin Management. So far, the system, dubbed Nantum, was created for buildings that the family operates. The Rudins have invested $5 million (£3.40 million) in the startup.

This article is for information purposes only.
Please remember that financial investments may rise or fall and past performance does not guarantee future performance in respect of income or capital growth; you may not get back the amount you invested.
There is no obligation to purchase anything but, if you decide to do so, you are strongly advised to consult a professional adviser before making any investment decisions.

Related News

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Accept Know more