PORTLAND, Maine, May 19, 2026 (GLOBE NEWSWIRE) -- Rely today announced $4.5 million in seed funding to scale its AI-native platform for multifamily transaction diligence. The seed round is led by 2048 Ventures, with participation from Range Ventures and Better Tomorrow Ventures.

Acquiring or transitioning a multifamily asset requires teams to review thousands of unstructured documents - leases, vendor contracts, utility agreements, and financials - a process that routinely takes weeks, relies on spreadsheets and outsourced audits, and still produces incomplete results. As transaction volume grows and operational complexity increases, the cost of a slow or error-prone diligence process has never been higher.

Rely eliminates the bottleneck, ingesting entire data rooms and transforming them into structured, source-linked data in minutes through an AI-native classification and analysis engine, so deal teams can move faster without sacrificing accuracy or completeness.

"We're not another underwriting tool," said George Matelich, Founder and CEO of Rely. "We're replacing a human process that currently takes weeks and compressing it into a matter of hours, while actually increasing the accuracy of the review. Every output links back to its source document, so teams can trust our ...