RAMSEY, N.J., /PRNewswire/ — AppWork, the maintenance operations and risk management platform built for multifamily property operators, has acquired Paraspot AI, the industry’s first ever video-based AI inspection platform.
Paraspot’s technology is the first in the industry to guide both residents and on-site teams through an inspection using AI that can see and understand what it sees and hears. It can automatically detect damage like cracks, stains, broken and missing items, through its video and voice intelligence models.
At move-out, the system pulls up the unit’s original move-in inspection and lines it up side by side, so it can detect what changed. The result is a complete inspection report with time-stamped photos, clear descriptions, and estimated repair costs. That level of detail gives operators the documentation to back up security deposit charges, so residents are only billed for damage they’re responsible for.
Paraspot AI brings proven experience to AppWork trained on millions of data points from thousands of multifamily, single-family, and student housing inspections. This massive dataset makes AppWork even more comprehensive and precise, giving property managers a reliable tool they can trust from day one. Some Paraspot clients have already shifted their entire inspection and security deposit process to a centralized accounting team, freeing site staff to focus on other priorities.
AppWork plans to rebuild Paraspot’s technology directly into its own system and architecture, with a release planned later this year. That will bring video based AI-guided inspections fully into the AppWork platform property teams use daily.
“We believe visual intelligence is going to be central to how multifamily operates moving forward, not just for inspections, but for due diligence, security, inventory management, asset tracking, vendor work verification, and even marketing,” said Sean Landsberg, CEO of AppWork. “When I first saw Paraspot, I thought it was a gimmick, that AI wasn’t advanced enough to trust with something like this. I was wrong, and this acquisition is us betting on how far that trust can go.”
Paraspot’s founders worked closely with AppWork following the acquisition to support the transition of the company, its customers, and technology. Yakir Saadia, co-founder and CEO of Paraspot, will continue working alongside AppWork as the technology is integrated into the AppWork platform as its new head of computer vision. “For the last five years we’ve been pushing what’s possible, building the technology that helped define what AI-powered property inspections can be,” said Saadia. “Joining AppWork means that work can now become part of a broader platform property teams already rely on every day.” Nathan Herz, co-founder and COO of Paraspot, added: “Building Paraspot from an idea into a technology used across thousands of properties in the U.S. and Europe has been an incredible journey, We saw early that advances in computer vision and AI could fundamentally change how physical assets are inspected and managed, and we built a product and business around that conviction. I’m proud of the company we built, the customers and partners who believed in us, and the outcome we achieved. With the transition now complete, I’m excited to take everything I’ve learned building, scaling, and ultimately selling Paraspot into what comes next.”
The acquisition adds improved inspection technology to a platform that already handles the rest of the maintenance workflow, from Work Orders through unit turns and compliance documentation. It also positions AppWork at the forefront of compliance standards, satisfying state requirements like California’s AB 2801, which sets new documentation standards for inspections, a direction more states are expected to follow. Inspection data will flow directly into features property teams already use, including the Make Ready Board, so inspections will connect to the workflow instead of sitting apart from it. AppWork looks forward to sharing more on how the technology will be implemented into the software in the coming months.
About AppWork
AppWork is a maintenance operations and risk management platform built for multifamily property operators. Founded in 2015 and headquartered in Ramsey, New Jersey, AppWork gives maintenance teams and property managers one place to manage Work Orders, unit turns, inspections, and compliance, backed by real technician adoption data, AI-powered AppWork Intelligence on every Work Order, and daily Insight Reports. AppWork is SOC 2 Type II certified. Learn more at appworkco.com.
About Paraspot AI
Paraspot AI provides AI guided, automated property inspections for property managers and operators across multifamily, single family, and student housing. Its platform detects damage and produces automated, evidence-backed inspection reports. Learn more at paraspot.ai
Media Contact:
Diana Di Dia
Director of Growth, AppWork
[email protected]
512-552-5798 appworkco.com
SOURCE AppWork
