RELIANCEai, a leading provider of real estate website and technology solutions in the United States, has reached an agreement on a multi-million-dollar investment package from Decathlon Capital Partners.

RELIANCEai, headquartered in Scottsdale, Ariz., will use the fresh capital to support growth, enhance customer service and further strengthen development and rollout of its expanded artificial intelligence capabilities.

"For more than 20 years, top real estate professionals have trusted RELIANCEai to deliver the technology that helps them win more clients and grow their business," said Sean McRae, Chief Executive Officer of RELIANCEai. "This new investment allows us to accelerate our next generation of AI-powered tools, advancing the intelligent workflows, automation and consumer experiences that keep our clients ahead in a rapidly changing market."

The custom-designed investment package from Decathlon Capital Partners provides a flexible amortisation schedule and carries no cost for undrawn capital. McRae noted that the package does not require any dilution of existing shareholders, governance changes or loss of management control.

Matt Hoffman, Vice President of Decathlon Capital Partners, said the AI-forward strategy of RELIANCEai continues to drive adoption of the company's solutions by high-performing real estate brokerages, agents, and teams. "As the real estate industry undergoes significant transformation, its top performers rely on the tools provided by RELIANCEai. Decathlon Capital Partners is proud to support the company's growth," Hoffman said.