PropRise, an artificial intelligence-powered data analytics platform serving commercial real estate developers, investors and brokers, including those in the self-storage sector, has been acquired by cybersecurity company Doppel.
As part of the acquisition, PropRise co-founders Jean-Michael Diei and Matthew Krager will join Doppel's engineering team to help develop new solutions for its social-engineering defense platform, according to a press release.
Doppel uses artificial intelligence to protect businesses against social-engineering threats, including impersonation, phishing, deepfakes, fraud and other digital risks. The company said the addition of PropRise's engineering talent and agentic AI experience will support the continued development of its cybersecurity technology.
“We’ve built an engineering team that thrives on solving the world’s hardest problems, and Jean-Michael and Matthew bring the exact kind of founder mentality and builder experience we want at Doppel,” said Rahul Madduluri, Doppel co-founder and chief technology officer. He cited the rapidly evolving use of AI in social-engineering attacks as a key reason for expanding the company's technical capabilities.
Diei said the PropRise team sees an opportunity to apply its experience developing agentic AI solutions to emerging cybersecurity challenges.
Founded in 2023 and based in San Francisco, PropRise developed analytics tools to help commercial real estate investors identify acquisition and development opportunities and make data-driven investment decisions. Its platform tracks more than 55,000 self-storage facilities and updates rental statistics for more than 35,000 properties weekly.
Doppel was founded in 2022 by Madduluri and Kevin Tian and is based in Covina, Calif. The company provides automated cybersecurity solutions designed to detect and prevent AI-powered impersonation, phishing, deepfakes, fraud and other digital threats.