About Grotto AI
Grotto AI is a company by Nick Deveau. It operates as a Technology-Driven, and Sector-Specific. Grotto AI has raised $14.69 million across 2 funding rounds from investors including Iconiq Capital, Asymmetric Capital Partners and David Dear. Grotto AI offers products and services including Guidance, Leasing, and Renewals.
- Founders Nick Deveau
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Sectors
TechnologyReal Estate & Construction
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Phone
*********
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Website
*********
- Legal Name Grotto, Inc.
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$14.69 M (USD)
in 2 rounds
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Latest Funding Round
$10 M (USD), Seed
Feb 20, 2026
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Investors
Iconiq Capital
& 4 more
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Employee Count
Employee Count
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Products & Services of Grotto AI
Grotto AI offers a comprehensive portfolio of products and services, including Guidance, Leasing, and Renewals. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Proprietary technology built by Stanford-trained AI experts and multifamily veterans, designed to supercharge teams during key moments in a tenant’s journey by transforming untapped renter data into real-time AI guidance.
A solution focused on showcasing the right value proposition to the right renter, converting more leads to leases.
A tool to ensure units are filled with new tenants as soon as possible after move-out by identifying tenant departure intentions early.
Funding Insights of Grotto AI
Grotto AI has successfully raised a total of $14.69M across 2 strategic funding rounds. The most recent funding activity was a Seed round of $10 million completed in February 2026. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 2
- Last Round Seed — $10.0M
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First Round
First Round
(23 Jun 2025)
- Investors Count 5
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Feb, 2026 | Amount | Seed - Grotto AI | Valuation | Iconiq Capital | |
| Jun, 2025 | Amount | Series A - Grotto AI | Valuation |
investors |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Grotto AI
Grotto AI has secured backing from 5 investors, including venture fund and angel investors. Prominent investors backing the company include Iconiq Capital, Asymmetric Capital Partners and David Dear. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Founded Year | Domain | Location | |
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Founded Year | Domain | Location | |
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DD
David Dear |
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Grotto AI
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Grotto AI
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Grotto Ai Comparisons
Competitors of Grotto AI
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Frequently Asked Questions about Grotto AI
Who is the current CEO of Grotto AI?
Nick Deveau is the current CEO of Grotto AI. They have also founded this company.
Is Grotto AI a funded company?
Grotto AI is a funded company, having raised a total of $14.69M across 2 funding rounds to date. The company's 1st funding round was a Series A of $4.69M, raised on Jun 23, 2025.
What does Grotto AI do?
Untapped renter data is transformed into actionable, real-time AI guidance by Grotto AI, a company focused on eliminating vacancy loss in the multifamily housing sector. Proprietary technology named Guidance is built by Stanford-trained AI experts and multifamily veterans to supercharge teams during critical tenant journey moments. Solutions are provided for leasing, where the right value proposition is showcased to convert leads to leases, and for renewals, ensuring units are filled promptly after tenant move-outs. The platform operates in the intersection of technology and real estate, leveraging AI to offer highly personalized strategies over broad-strokes approaches, with built-in ROI measurement features to demonstrate undeniable impact.
What products or services does Grotto AI offer?
Grotto AI offers Guidance, Leasing, and Renewals.
Who are Grotto AI's investors?
Grotto AI has 5 investors. Key investors include Iconiq Capital, Asymmetric Capital Partners, David Dear, Caren Maio, and Avi Dorfman.