Group 1 - Grotto AI has launched with a $10 million seed funding round aimed at addressing the $500 billion property value loss due to vacancy in the housing market [1][2] - The funding round is led by ICONIQ, a prominent AI investor, marking one of the earliest-stage investments in the firm's history [2] - Grotto AI provides an AI platform designed to assist multifamily operators in reducing vacancy loss by enhancing their leasing teams with real-time guidance and post-call coaching [3] Group 2 - The company is supported by notable advisors and angel investors from the industry, including David Dear, Caren Maio, and Avi Dorfman, along with participation from Asymmetric Capital Partners [2] - Grotto AI is trusted by some of the largest and most respected owners, operators, and developers in the nation [3]