WEEKLY RADAR #394: $165M in humanoids, Seattle Symposium with Ben Kinney, Proptech Index down 3% Wow

WEEKLY RADAR #394: $165M in humanoids, Seattle Symposium with Ben Kinney, Proptech Index down 3% Wow

As we move into the spring season, key industry players are finding new professional homes (see member news below,) with the hopes that growth will follow. That said, growth in the public markets isn't happening, with the proptech weekly index remaining fairly flat with a 3% decrease from last week.

GEM hosted a Happy Hour in Seattle this week, and speaking of Seattle, spots are going quickly for our inaugural GEM Symposium, a half-day event designed for Founders, which includes peer working group sessions and a fireside chat with co-founder of PLACE Ben Kinney. The event will take place at Hotel Andra Seattle on Thursday, April 16 and is limited to 25 attendees. Happy to announce we are on a waitlist for PropTech Getaway in Bend at the end of April.

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- Jesse Wright

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Transmission Recap:
This week, Drew Meyers explores ❇️Travis Kalanick's mission to roboticize the physical world that goes with a worldview where hardware is the new software, and atoms are the new bits❇️. Prior, we brought you Part 1 and Part 2 of the Proptech Earnings Radar.

In this Weekly Radar, we cover:

  • Sunday, a company building autonomous humanoid robots to help around the house, raised a $165 million Series B.
  • The GEM Proptech Index decreased 3% from the previous week.

BIZ INTEL

PROPTECH INDEX WEEKLY - AS OF 3/27/2026

Consisting of 25 stocks, the GEM Proptech Index had a combined market cap of $215.409B, a decrease of 3.86% from the previous week.

GEM Weekly Proptech Portfolio Update 03272026

ARTIFICIAL INTELLIGENCE

$165 MILLION OF HUMANOIDS
By: Drew Meyers

Sunday announced a $165 million Series B at a $1.15 billion valuation, led by Coutue. The company is building autonomous humanoid robots to help around the house. Skills currently include picking up dishes and loading them up in a dishwasher, preparing coffee, and laundry. Its Memo robots are being trained by Skill Capture Gloves shipped to 2,000 memory developers.

Sunday's FAQ says the cost is $20,000 to build a single robot, but the price will come down with scale and manufacturing advances. I'm not ready to fork over $20k, but it wouldn't surprise me of Memo is the home manager of the future. I suspect cash-flowing vacation rentals will be among the first properties to be outfitted with Memo bots—with a company like Wander deploying them across a broad portfolio.