Even With Troubles, Money Flows into Proptech - Globest The proptech industry has seen a 42.4% drop in venture funding by the end of 2023, with a one-time unicorn causing concern for CRE companies using their software and hardware. However, this is not new for tech, as ups and downs in funding and fortunes are common. Proptech can manifest in various ways, such as rewards for renters, construction materials marketplaces, machinery rentals, mortgage marketplaces, waste management payment systems, cash-back rebates, robotic painting, and AI systems for automating construction finances. Proptech firms can serve various needs and subsectors of CRE, such as materials marketplaces, finance automation, digital twins, drone examination of construction sites, and asset tracking. Monitoring technology, understanding promises, and identifying hype and weaknesses is crucial for managing tech needs.