Durham AI Startup ValueBase Backed by Sam Altman Raises $6 Million
Property valuation startup ValueBase, backed by prominent figures in tech, has closed a $6 million funding round as it works to modernize the assessment process. The Durham-based company, cofounded by Forbes 30 under 30 winner Will Jarvis, develops machine learning tools to make property appraisals more accurate and transparent.
Leveraging cutting-edge AI techniques, ValueBase helps tax assessors keep pace with rapidly changing markets. Their systems streamline the traditional regression analysis approach, while interactive data visualizations clarify complex valuation models. The goal is to support officials seeking the latest techniques without increasing staff overhead.
Investors include Sam Altman’s Hydrazine Capital fund and Nat Friedman, former GitHub CEO, signaling confidence in the team’s vision. With real estate a multi-trillion dollar industry, even marginal improvements to assessments could have widespread impacts.
While most funding has closed, additional capital may arrive within 30 days from an existing backer. These resources will fuel the startup’s continued work enhancing assessment procedures through responsible technology use.
As property values fluctuate drastically in some areas, ensuring fair and accurate tax valuations grows ever more important. ValueBase aims to bring assessment processes fully into the 21st century for the benefit of officials and homeowners alike. This latest round provides the fuel to advance that mission nationwide.
