The Australian real estate technology sector is undergoing major consolidation. On November 5, 2026, the PropTech companies SohoAI and Inspace officially announced their merger under a joint holding company. The transaction is led and financed by B Capital, the venture capital fund founded by Facebook co-founder Eduardo Saverin. This strategic step combines two specialized technology offerings to bridge the gap between generative consumer interfaces and detailed asset intelligence.
Executive leadership of the combined entity will be assumed by an experienced marketplace entrepreneur. Jonathan Lui, formerly known as a co-founder of the online labor marketplace Airtasker, has taken charge as the leader of the merged business. Under his direction, the operational and technical structures of both organizations are scheduled to be integrated and scaled. Lui brings proven expertise in building digital transaction platforms, which will shape the unified commercial strategy.
Technologically, the transaction joins two complementary artificial intelligence capabilities. SohoAI contributes its proprietary engine for conversational property search and automated chat interactions that help prospective buyers navigate listings via natural language. Inspace specializes in AI-driven 3D property tours alongside predictive asset analytics designed for commercial asset managers. By uniting these capabilities, the merged company enables users to transition directly from conversational search queries into interactive, spatial 3D building models.
On a commercial level, Inspace contributes a well-established institutional client roster to the combined holding. According to company reports, Inspace currently supports property portfolios representing more than 190 billion US dollars in total value. Its major clients include institutional real estate developers and landlords such as Goodman Group, Mirvac, and Dexus. These asset managers employ the technology to streamline building visual inspections and market complex developments remotely.
The deal underscores a broader industry evolution toward comprehensive software platforms across the real estate asset lifecycle. Standalone chat interfaces and isolated 3D rendering engines face increasing commercial pressure to integrate into cohesive transaction workflows. With the financial backing of Eduardo Saverin and B Capital, the combined group secures capital to expand generative discovery and deep spatial asset modeling for institutional real estate markets.