On Monday, Janover Inc (NASDAQ:JNVR) announced a licensing agreement with one of the nation's top 20 publicly traded commercial real estate professional services firms.

Through this partnership, Janover's AI tools aim to enhance client engagement and streamline communication, set a new standard for service and efficiency in commercial real estate, the company said.

This agreement is a transition to subscription revenue, which includes licensing its highly customized conversational artificial intelligence.

Janover did not disclose the financial terms of the agreement.

Also Read: EXCLUSIVE: Janover Introduces Janover Pro, Expanding Access to Commercial Lender Data Nationwide

"We're building technology that augments existing teams and functions," said Gustavo Lemos, Senior Product Manager at Janover. "Our focus is enhancing experience and reducing friction across every touchpoint in ways that were simply impossible just 24 months ago."

Janover will roll out and test the AI tools in a phased deployment as Janover works closely with interested parties to deliver the maximum value, the company said..

Price Action: JNVR stock closed lower by 3.77% at $0.5100 on Friday.

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