Mr. Kheifets spent seven years as Chief Operating Officer at Block, where he previously led the North American growth of Tractable, a unicorn in the AI accident and disaster recovery space.
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Renovation management software company Block has named Julie Keifetz as its next CEO.
The company made the announcement in a Jan. 16 statement sent to Inman, saying Block was reinforcing its “vision to build the most trusted place to plan and hire for major renovation projects.” Ta.
Mr. Kheyfets is expected to apply his years of expertise as COO of Block, where he previously helped establish and lead the growth of Tractable, an AI platform for accident and disaster recovery, in North America. is recognized. Her efforts helped grow Tractable into the world’s first computer vision unicorn (a term used to describe startups valued at more than $1 billion) in the financial services space.
“Reliable information about renovations is very difficult to find, but it doesn’t have to be this way,” Kayfetz said in the release. “The latest advancements in AI are democratizing access to professional renovation support, putting an AI architect in every homeowner’s pocket and making it easy to make the right choice and the right contractor for your home. I will be able to hire you.”
Block introduces a mobile and browser-based AI experience to guide users through the tedious and cumbersome process of home and apartment renovation projects.
We manage the most detailed aspects of your project, ensuring long-term quality, ensuring that changes in project size and vendor interactions are carefully considered at each step.
The software is trained on data from numerous industry sources and past construction projects to manage transparent workflows, consistent communication, and tight budget control. This helps predict delays and cost overruns and reduces the need to rely on many of the more expensive aspects of project planning, such as architects.
“With access to Brock’s network of vetted contractors, homeowners can quickly find the right contractor for their project, quickly receive comparable offers, and feel confident backed by Brock’s project protection. ”, the release states.
Kheifets replaces Koda Wang, who led Block as CEO and co-founder for more than seven years. Mr. Wang will remain on the board of directors and become executive chairman. Wang said Kayfetz was a “rare leader.”
“She is relentlessly determined and has a deep mindset of growing every day to become a better leader,” Wang said. “Julie has played a pivotal role in developing our vision for the AI-powered renovation market.”
Block points to Americans’ tendency to improve their homes as an additional driver of success. The report is based on a Federal Reserve study that found U.S. home equity exceeded $35 trillion, an 80% increase from 2019, and a study by the Federal Reserve that found U.S. home improvement spending increased 80% from 2019. He cited a report by Harvard University’s Joint Center for Housing Studies (JCHS) that revealed that It exceeded $470 billion.
At the same time, people are moving less, Axios reported in September.
“The rate of movement of Americans is at an all-time low and does not look like it will recover anytime soon,” Axios said. “According to the Brookings Institution, in the 1960s, about 1 in 5 Americans moved annually. By 2022, the number of people moving from pandemic-era coastal cities to places like the Sunbelt will increase. Even when taken into account, that percentage drops to 8.7%.
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