LeasePilot Establishes a Research and Development Outfit in Tel Aviv

Boston-headquartered real estate leasing startup LeasePilot Inc. has opened a research and development outfit in Tel Aviv, the company announced late last month. Located inside WeWork Sarona coworking space, LeasePilot’s new office will house a team of 10 engineers focused on front and back-end product innovation and quality assurance and testing. The Tel Aviv team will be headed by Eli Livshitz.

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Founded in 2015, LeasePilot offers an online platform for documentation of commercial leases designed to simplify and expedite the real estate leasing process. In an interview with Calcalist Thursday, Gabriel Safar, LeasePilot co-founder and CEO, said that the company’s technology shortens the average time it takes to close a real estate leasing deal in the U.S. from 90 days to just 30 days.

“With the tools we develop we are creating a new world of data on commercial real estate leasing,” Safar said, adding that the Tel Aviv office will focus on developing two new products, one of which will be based on blockchain technology.