Simplex 3D and First American Launch a Cutting-Edge 3D Platform for Real Estate Professionals with Data-Rich Visualizations of New York City and Greater Metro Area

Business Wire

Strategic relationship augments Simplex 3D’s new 3D modeling of Greater New York Metro with First American’s industry-leading data assets

NEW YORK--(BUSINESS WIRE)--
Simplex 3D, a leading global platform provider for urban planning, announced its expansion into the United States, and a strategic relationship with First American Title Insurance Company, one of the largest title insurers in the nation and the principal subsidiary of First American Financial Corporation (NYSE: FAF). Simplex 3D’s technology enables developers, architects, urban planners, real estate professionals, and other B2B and B2G clients and partners to operate an intuitive 3D private workplace with state-of-the-art tools and functionality.

Simplex 3D offers one of the world’s highest-resolution, up-to-date reproductions of the greater New York Metro area. Equipped with property, financial, and other geographic data and information layers, advanced visualization capabilities, and professional-grade tools, Simplex 3D’s platform offers real estate stakeholders the ability to explore, plan, and collaborate in their own spatial reality. Other unique features include accurate engineering measurement, shadow analysis at any time throughout the year and time of day, the ability to import architectural models, and ascertain the view from every window in the present and future.

The strategic relationship reinforces First American’s technology and innovation leadership in title insurance and mortgage industries. Through the strategic relationship, First American will leverage the Simplex 3D platform to augment automation efforts and accelerate informed analysis, forecasting, and decision-making. In turn, Simplex will leverage industry-leading data assets from First American Data & Analytics to further enhance Simplex 3D’s platform, offering clients in-depth insights and a detailed 360° virtual assessment of targeted assets and their surroundings.

“Advanced technologies, like Simplex 3D’s platform, can be a significant growth engine for the entire real estate ecosystem,” said Brian Tormey, multi-state manager for First American Title’s Direct Division and the president of TitleVest, a member of the First American family of companies. “Simplex 3D’s easy-to-use SaaS-based platform will bring added value to our customers, empowering high-stake decision-making with accuracy within a photorealistic interactive map and broadening the products and services we offer.”

Simplex 3D’s Co-Founder and CEO, Avi Aflalo, commented, “We are honored to combine forces with First American. Our extensive experience and expertise in the real estate sector empower us to collaborate closely and redefine the industry's future by introducing cutting-edge technology—a uniquely collaborative tool for real estate professionals.” Aflalo added, “The celebration of our relationship and launch in New York are major milestones for Simplex 3D, and we look forward to accomplishing much more with First American.”

Simplex’s strategic U.S. channel partner, FTPT, initiated and structured the strategic relationship between Simplex 3D and First American.

About First American Title Insurance Company

First American Title Insurance Company, the largest subsidiary of First American Financial Corporation (NYSE: FAF), traces its history to 1889. One of the largest title insurers in the nation, the company offers title services through its direct operations and an extensive network of agents throughout the United States and abroad. First American Title provides comprehensive title insurance coverage and professional services for real estate purchases, construction, refinances and equity loans. For more information, visit www.firstam.com/title.

About First American Financial Corporation

First American Financial Corporation (NYSE: FAF) is a premier provider of title, settlement and risk solutions for real estate transactions. With its combination of financial strength and stability built over more than 135 years, innovative proprietary technologies, and unmatched data assets, the company is leading the digital transformation of its industry. First American also provides data products to the title industry and other third parties; valuation products and services; mortgage subservicing; home warranty products; banking, trust and wealth management services; and other related products and services. With total revenue of $6.0 billion in 2023, the company offers its products and services directly and through its agents throughout the United States and abroad. In 2024, First American was named one of the 100 Best Companies to Work For by Great Place to Work® and Fortune Magazine for the ninth consecutive year, and named one of the 100 Best Workplaces for Innovators by Fast Company for the second consecutive year. More information about the company can be found at www.firstam.com.

About Simplex 3D

Simplex 3D is a groundbreaking, global B2B SaaS 3D platform designed as a professional working tool for real estate professionals. Simplex 3D provides real-estate professionals a new perspective on reality, so that they can build their own real-estate world confidently. Our collaborative SaaS platform brings all perspectives to the forefront, giving urban planning and the real estate industry access to layers of integrated data, revealing all angles for better decision-making. With their own 3D workspace, municipalities, architects, brokers, developers, construction companies, and others, can now explore, plan and collaborate without ever leaving the platform. For more information, visit www.simplex3d.com.