Soho.ai Merges with Inspace as Eduardo Saverin Joins Investor Group

Soho.ai is joining forces with commercial property technology company Inspace in a merger that brings Facebook co-founder Eduardo Saverin into its investor group. Saverin's investment firm, B Capital, led an undisclosed investment round in the Australian businesses and has also backed Inspace previously.

The two companies will continue operating under their existing brands despite the merger. While they work on expanding their own product offerings and services, their staff members will use the shared infrastructure of AI and data.

Soho.ai is an AI-based real estate marketplace where users can find properties for sale, lease and rent, and sold properties. It can also respond to questions regarding suburb prices, rental yields, property transactions and other market trends.

Inspace focuses on commercial real estate. Its technology combines interactive 3D property tours with predictive intelligence tools designed to help asset managers and leasing agents market, lease and manage properties. The company holds real-time tenancy data covering 70% of Australia's A-grade commercial office space.

Leadership Changes at Soho.ai and Inspace

Jonathan Lui, Soho.ai's CEO and co-founder, will take charge of the combined business. Justin Liang, Inspace's founder and CEO, will join the board.

Lui said the merger would give both businesses access to resources and capabilities that would be difficult to develop independently. The companies also expect to share their technology and data infrastructure while continuing to build their individual platforms.

For existing customers, the companies have indicated that the arrangement is intended to support product development rather than reduce operating costs. Lui said the priority was to grow both businesses, adding that the investment would continue across the two platforms.

Liang also pointed to Lui's experience as co-founder of Airtasker and his work in property technology. He expects the combination to increase the pace of product development and new feature launches, with benefits for Inspace customers.

The agreement brings residential property search and commercial real estate technology under a shared corporate structure. However, Soho.ai and Inspace will maintain their individual market identities and continue serving their respective customer bases.