AI Lean Inc., which offers a software platform to help self-storage operators automate the lien-to-auction process, has closed a $1.9 million round of investment led by Launchpad Venture Group, a Boston-based angel-investment firm that provides funding to early-stage companies. AI Lean will use the funds to invest in product innovation and expand its “customer success” team, according to a press release.
The software-as-a-service (SaaS) platform uses artificial intelligence to streamline the self-storage lien-sale process. It integrates tenant communications and is designed to keep facility operators in compliance with local laws. The solution is compatible with most modern property-management software products used in the industry, the release stated. It’s targeted at users with 10 to 200 locations and offers a single, digital dashboard from which they can view and monitor accounts-receivable communication.
“AI Lean works for self-storage operators who are looking for smarter ways to manage their operations, especially in times of staff shortages and higher technology-driven competition,” said Victor De Las Casas, head of sales and marketing for AI Lean.
“AI Lean is a unique SaaS company in that it improves cash flow, increases revenue and lowers risk. That is rare,” said Ian Levine, a member and growth adviser with Launchpad. “We are excited to see the growth of AI Lean in self-storage and identify other verticals where it can adapt to be invaluable with the anticipated recession economy.”
Other investors in the round included Innouvo Capital Network, a Boston-based venture studio; and Beacon Angels, which invests in early-stage, fast-growing companies, according to the release.
“Self-storage is experiencing tremendous demand and simultaneously going through digital transformation very rapidly,” said Alistair Schneider, CEO and co-founder of AI Lean. “We are happy to be part of the ecosystem with our focused solution.”
Launched in 2020, AI Lean is based in Boston.
