SUMMARY
- CarbonAI raised $12 million in funding.
- The funds will support AI development.
- CarbonAI builds AI tools for real estate lenders.
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Follow usCarbonAI, a NYC-based provider of an agentic AI platform for commercial real estate (CRE) lending, has secured $12 million in a funding round.
The round was led by Cowboy Ventures with participation from Timber Grove Ventures, Bling Capital, and Max Ventures.
The company will use the funding to expand its AI capabilities for loan underwriting, due diligence, and post-close monitoring, helping lenders automate manual work across the lending process.
What is CarbonAI?
CarbonAI develops AI agents that automate analytical work for commercial real estate lenders.
Its platform helps lending teams review rent rolls, leases, financial statements, and legal documents. The agents organise this information, prepare underwriting analyses and investment memos, and flag potential risks for human review.
Each output links back to its source document providing lenders with an audit trail. After a loan closes, CarbonAIs platform can continue monitoring it and identify potential risks without relying solely on manual quarterly reviews.
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How Much Funding Has CarbonAI Raised?
CarbonAI has raised $12 million in its latest funding round.
The source does not provide details of previous funding rounds or the company's total funding raised to date.
Who Invested in CarbonAIs Funding Round?
The $12 million funding round was led by Cowboy Ventures.
Other participating investors include:
- Timber Grove Ventures
- Bling Capital
- Max Ventures
Why the Funding Matters
CarbonAI will use the funding to expand its AI agents for underwriting, due diligence, and post-close loan surveillance.
The investment will support its efforts to automate document review, financial analysis, investment memo preparation, and ongoing loan monitoring for commercial real estate lenders.
Who founded CarbonAI?
CarbonAI was founded in 2025 by Jeff Saul and Josh Kaufman. The company is headquartered in New Yorks Flatiron District.
Its founders bring experience in commercial real estate lending and technology.
"Josh (Kaufman, co-founder) and I spent the early years of our careers buried in the same manual work Carbon now automates," said Jeff Saul, Co-founder and CEO of CarbonAI. "Lenders don't need another chat window that they have to coach through every step.
“Carbon was a clear choice and natural partner to us to automate due diligence collection: one of the most significant yet overlooked bottlenecks in underwriting,” said Mordecai Rosenberg, Co-President of Greystone. “They won us over because they listen. Rather than pushing a solution in search of a problem, Jeff and the team took the time to understand our underwriting challenges and deliver a solution that actually fits our business.
Market and Business Growth
CarbonAI launched its first product suite in early 2025 and reported early business growth.
Key metrics include:
- Time savings: Early customers saved up to 90% of the time spent on core underwriting tasks.
- Revenue: The company reached seven-figure contractual revenue within six months of launching its first product suite.
- Customer base: CarbonAI serves customers including debt funds, mortgage REITs, agency multifamily lenders, and publicly traded financial institutions.
The company automates tasks such as lease reviews, financial statement analysis, loan onboarding, and post-close monitoring.
What Happens Next?
CarbonAI plans to expand its AI agent capabilities across the commercial real estate lending process.
The company will focus on automating underwriting, due diligence, and post-close monitoring to help lending teams manage workloads and identify potential risks more efficiently.
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