True Footage filed suit against Automax AI and founder Humza Ahmed, alleging fraudulent access to its appraisal software and copying of its product; Automax denied the allegations.
SourceAI native real-estate appraisal firm
Public company, workplace, funding, and market signals
Updated Jul 29, 2026
Automax.ai is a YC F25 San Francisco startup building an AI-native residential property appraisal workflow and Appraisal Copilot. Its platform combines mobile LiDAR/computer vision capture, AI agents, and licensed-appraiser review to produce compliant appraisal reports faster than traditional workflows.
Primary product
AI-native residential property appraisal platform and Appraisal Copilot
Founded
2025
Headquarters
San Francisco, California, United States
Team size
1-10
Work style
Flexible
Industry
Software Development
Sub-industry
Proptech / real-estate appraisal software
Offices
0 jobs at Automax.ai
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Business model
Stage
Pre-Seed
Total raised
$500K
Latest round
Pre-Seed · Dec 2025
Latest amount
$500K
Dec 2025 · Y Combinator
Leadership
Founder & CEO
Investors
Appraiser-centric, compliance-first, and human-in-the-loop, with a strong emphasis on speed, flexibility, and modernizing a heavily manual workflow.
Work style
Flexible
Compensation
Public hiring and recruiting signals emphasize flexible remote work for appraisers, no software fees, predictable payouts, and panel-appraiser earnings advertised at 20–30% above standard rates; one hiring post also mentioned $120,000+ annual earnings for appraisers and free access to Appraisal Copilot.
Benefits
Pricing
Custom quote / per-appraisal service for lenders; free for active panel appraisers using the network
Differentiators
Technology
Customers
Competitors
True Footage filed suit against Automax AI and founder Humza Ahmed, alleging fraudulent access to its appraisal software and copying of its product; Automax denied the allegations.
SourceAppraisal Buzz · Jul 2026
Interview coverage stating Automax.ai achieved UAD 3.6 verification from Fannie Mae and Freddie Mac and discussing its workflow and roadmap.
Chrisman Commentary · Jun 2026
Podcast interview with Humza Ahmed discussing appraisal technology, UAD 3.6, and how Automax is reducing turnaround times.
National Mortgage News · Apr 2026
More detailed lawsuit coverage alleging fraud, copied product behavior, and use of LLMs to replicate appraisal tooling.
The Real Deal · Apr 2026
Reports a lawsuit alleging Automax AI copied True Footage's appraisal technology and used fake MLS credentials; Automax denied the claims.
Fondo · Feb 2026
Early launch coverage describing Automax as an AI-powered property appraisal platform that uses LiDAR, computer vision, and AI agents to accelerate compliant valuations.