Clear Capital, a real estate valuation company, has acquired Finland-based proptech startup CubiCasa for an undisclosed amount.

CubiCasa offers mobile technology that automates floor plan sketch creation and digitizes property data collection. The technology can be used without prior training by anyone with a smartphone. From a simple walk-through of a home, the technology produces a highly precise floor plan sketch and calculates gross living area aligned with American National Standards Institute (ANSI) standards.

Clear Capital plans to embed CubiCasa’s technology into its existing applications through APIs and mobile SDKs. CubiCasa will continue to operate with autonomy while expanding its software, according to a report on news site HousingWire.com.

As part of the deal, Jeff Allen (Linkedin profile), who has served as executive vice president of innovation labs at Clear Capital, has advanced to president at CubiCasa.

Clear Capital is a U.S.-based company that delivers advanced real estate valuation and data for the entire loan life cycle. The company has been operating since 2001.

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