AppWork, a maintenance operations and risk management software company for multifamily property operators, has acquired Paraspot AI, a startup that uses video and artificial intelligence to inspect rental units. AppWork announced the deal on October 13, 2026, from its base in Ramsey, New Jersey.
The purchase price and other terms were not disclosed. TechIntelPro, which reported the deal on October 15, said the transition between the two companies is complete.
Paraspot's product will not continue in its current form. AppWork plans to rebuild the technology directly inside its own system, with a release planned for later this year. Paraspot co-founder and chief executive Yakir Saadia is joining AppWork as its head of computer vision, and the founders helped with the transition, which AppWork said is now complete.
What Paraspot built
Paraspot describes itself as the industry's first video-based AI inspection platform. Its software guides residents and on-site staff through an inspection, and its video and voice models detect damage such as cracks, stains and broken or missing items.
At move-out, the system pulls up the unit's original move-in inspection and compares the two to find what has changed. It then produces a report with time-stamped photos, descriptions of the damage and estimated repair costs, which landlords can use to support deductions from a tenant's security deposit.
AppWork said the technology was trained on data from thousands of inspections across multifamily, single-family and student housing. Some Paraspot clients have used it to move inspections and deposit decisions to a central accounting team rather than leaving them to staff at each property.
A separate analysis of the deal by remio, citing the companies, said Paraspot's models had been trained on more than seven million data points.
“When I first saw Paraspot, I thought it was a gimmick, that AI wasn't advanced enough to trust with something like this.”
The founders and the company
Paraspot is an Israeli company founded in 2020 and based in Tel Aviv, according to the Israeli startup database Startupim, which lists Saadia and Nathan Herz as its co-founders and puts its headcount at between one and ten people. Herz served as chief operating officer.
"For the last five years we've been pushing what's possible," Saadia said, describing the company's work as building the technology that helped define what AI-powered property inspections can be. Herz said Paraspot's technology is used across thousands of properties in the US and Europe.
"I'm proud of the company we built, the customers and partners who believed in us, and the outcome we achieved," Herz said. AppWork's announcement did not say whether Herz will join AppWork; it said Saadia will continue working with AppWork while the technology is integrated into its platform.
Neither company disclosed how much Paraspot raised before the sale.
Why AppWork is buying
AppWork was founded in 2015 and has SOC 2 Type II certification, according to TechIntelPro. Paraspot's inspection data will connect to existing AppWork tools, including its Make Ready Board. Saadia said joining AppWork means Paraspot's work can become part of a broader platform that property teams already rely on every day.
Sean Landsberg, AppWork's chief executive, said he had doubted the technology at first. "When I first saw Paraspot, I thought it was a gimmick, that AI wasn't advanced enough to trust with something like this," he said. "I was wrong, and this acquisition is us betting on how far that trust can go." He said AppWork believes visual intelligence is going to be central to how the multifamily industry operates.
AppWork also linked the deal to regulation. It said the acquisition supports compliance with California's AB 2801 and similar standards that other states may adopt. AppWork said it will share more about how the technology will be implemented in the coming months.
For property managers, the practical change is where inspections live. Instead of running Paraspot as a separate tool, AppWork customers will be able to record inspection findings in the same system they use to dispatch maintenance work and prepare units for new residents, once AppWork releases the rebuilt product.
