AppWork, the maintenance operations and risk management platform built for multifamily property operators, has acquired Paraspot AI, the industry’s video-based AI inspection platform.
Paraspot AI brings experience to AppWork trained on millions of data points from thousands of multifamily, single-family, and student housing inspections. This dataset makes AppWork more comprehensive and precise, giving property managers a reliable tool they can trust. 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.
Sean Landsberg, CEO of AppWork, said, “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. 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.”
Yakir Saadia, co-founder and CEO of Paraspot, said, “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.”
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.
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