AiChat develops AI-powered conversational customer experience solutions that provide enterprise customers with intelligent chatbots and automation tools that improve customer interactions and operational efficiency.
As part of the same announcement, it was revealed that reAlpha will acquire the remaining 15 per cent of AiChat on 30 June 2025.
The total purchase price is $1.14 million, and reAlpha will also invest a further $300,000 in AiChat at an undisclosed point in the future. The strategic acquisition also marks a significant milestone in reAlpha’s growth trajectory as it seeks to grow its market presence in the Asia-Pacific [APAC] region.
reAlpha will integrate AiChat’s conversational AI and customer experience platform into its business and use its platform capabilities to increase usage and visibility of its existing technologies and platforms, including its commission-free home-buying platform, Claire.
According to Markets and Markets, the global conversational AI market, the industry in which AiChat operates, is projected to expand from $13.2 billion in 2024 to $49.9 billion by 2030, growing at a compound annual growth rate [CAGR] of 24.9 per cent over the forecast period.
reAlpha CEO Giri Devanur said: “We are thrilled to welcome AiChat to the reAlpha group. We believe this accretive acquisition is a large step in our journey to bring the global real estate industry into the digital era.
“AiChat’s innovative platform and talented team will accelerate our efforts to make Claire set the new standard for efficiency, accessibility and reliability when it comes to buying a new home,” he added.
Kester Poh, founder and CEO of AiChat, who is expected to continue leading AiChat as part of the reAlpha Group, said: “Joining forces with reAlpha opens up exciting new opportunities for AiChat. We look forward to integrating our technology with reAlpha’s resources and expertise, which will help us to enhance our product offerings and expand our market leadership.”
Since the start of last year, reAlpha has acquired IT consulting company United Software Group [USG], AI tech solution Naamche and investment and tech firm, Rhove.
In November, it also announced the commercial launch of GENA, a tool that enhances residential property listings in multiple online real estate marketplaces through the integration of personalised generative AI descriptions.
