R&D Grants Archives - VendueTech

From billions of parameters to millions of documents, here’s how we’re building the future of property auction analytics—powered by HPC, LLMs, and predictive modeling.

Published on: April 24, 2025

Author: Renato Mutavdzic, Jr. AI Engineer

Context: The Real Estate Auction Problem

Real estate auctions are an opaque and fragmented landscape. Legal documents are dense, auction listings vary wildly in format, and market predictions are speculative at best. Investors and institutions often navigate this chaos manually.

BidSale, our AI-native platform at VendueTech, aims to solve this through automated document analysis, real-time price forecasting, and retrieval-augmented recommendation systems—powered by LLMs, deep learning, and massively parallel computing.

HPC: Not Just Nice-to-Have, But Mission-Critical

Training models like LLaMA 2, Falcon, and even domain-specific LLMs for legal/real estate use requires an environment beyond cloud or local resources.

Enter EuroHPC’s MareNostrum AI Cluster, where we will run:

Up to 16 NVIDIA A100/H100 GPUs per job
4 GPUs per node, with each job using up to 320 CPU cores
Scratch space of 5 TiB, job memory up to 512 GiB
100 concurrent jobs, each running ~48 hours, with checkpoints every 6–12 hours

Monthly usage: approximately 2500 node hours
Total dataset for training: approximately 2 TiB

We’ll leverage this to:

Fine-tune LLMs (10B+ parameters) on multilingual legal corpora
Train deep predictive models (XGBoost, PyTorch MLPs) on historical auction outcomes
Run large-scale batch inference via vLLM, averaging over 1,000 docs/sec per GPU

The AI Stack: Modular, Multi-Modal, Multilingual

Natural Language Processing (25%)

Fine-tuned HuggingFace models using accelerate and TRL
Focused on clause extraction, auction summarization, entity linking

Predictive Analytics (20%)

Price trajectory models trained on public/private data
Forecast winning bid ranges, price volatility, and ROI estimates

Machine Learning (20%)

XGBoost, ensemble meta-learners for pattern detection in historical bidding data
Auction clustering via unsupervised learning

Computer Vision (25%)

PyTorch-based classifiers for image quality scoring and anomaly detection in property visuals

Data Mining & Pattern Recognition (10%)

Spark jobs for parsing noisy and unstructured HTML/PDF data across multiple auction sites

What Makes BidSale Unique

Retrieval-Augmented Generation: Query-specific auction recommendations enhanced by FAISS-based similarity retrieval over a custom vector database
GDPR-Compliant AI: All personal data is anonymized, encrypted, and processed lawfully with user opt-ins
Cross-Border, Cross-Language: Trained to handle legal documents in Croatian, English, German, and more
Actionable Outputs: Risk scores, predicted closing prices, and flagged legal anomalies—all within less than 5 seconds

FER TakeLab: Academic Precision at Production Scale

We’re not alone in this journey. Our academic partner TakeLab at the University of Zagreb’s Faculty of Electrical Engineering and Computing (FER) brings decades of research excellence in NLP, knowledge grounding, and language modeling.

Their role:

Designing task-specific LLM evaluation metrics
Validating fairness, interpretability, and generalizability
Benchmarking models with BLEU, ROUGE, and custom legal QA tasks

This industry–academia synergy helps us scale fast without sacrificing rigor.

SRCE and the Role of National Infrastructure

In addition to EuroHPC, BidSale is supported by SRCE (University of Zagreb University Computing Centre), Croatia’s leading institution for national academic HPC infrastructure. SRCE is providing foundational support in terms of environment setup, containerized deployment compatibility, and compliance with national infrastructure requirements.

Moreover, we’ve applied for a CROBOHUB++ Innovation Voucher to further accelerate our work. This co-financing mechanism is intended to support high-potential AI innovations in Croatia and the EU, and we’re currently awaiting final determination.

This effort is also a precursor to our broader vision: joining an EU's AI Factory, a federated, production-grade, domain-specific platform for applied AI solutions in proptech, legal tech, and financial analytics. BidSale is only the beginning.

Performance Engineering & I/O Strategy

To mitigate common AI bottlenecks:

Checkpointing every 6–12 hours to scratch storage
PyTorch DataLoaders with multiprocessing to minimize I/O stalls
I/O offloading to GPFS parallel file systems where possible
Data serialized as Parquet with Apache Arrow for Spark ingestion

The I/O architecture allows data-hungry training loops to fully utilize compute without latency gaps.

Ethical AI: Fair, Transparent, Sustainable

Users retain control: AI provides recommendations; users make final decisions
Algorithmic fairness: Regular audits, demographically balanced training sets
Environmental impact: Paperless workflows reduce CO₂ and physical resource strain
Sustainability: Reuse of models across regions and scalable retraining via quantized checkpoints

Our Hypotheses (and Why They Matter)

We believe:

LLMs can extract legal and financial insights with near-expert accuracy
Predictive modeling can outperform heuristics in pricing and timing auctions
AI-based personalization can give smaller investors a competitive edge
Distributed HPC infrastructure is the only viable path to scalable auction intelligence

If confirmed, this transforms real estate—from bureaucratic chaos to real-time, data-driven decision making.

What’s Next

Getting accepted into EU HPC program
Train and deploy BidSale LLM v1.0
Integrate Spark-optimized legal pipelines into platform
Benchmark price forecasting models with real-world auction closings
Release vLLM API for document summarization at scale
Deliver first wave of insights to regulators, funds, and proptech partners

We’re not just building a product. We’re building the infrastructure for the next decade of real estate.

If you are an AI Engineer, PhD researcher, Algorithm developer, Quant, Back-end, Front-end engineer, or another field, check out our open positions and apply here.

Subtitle: Early assessment highlights excellence, feasibility, and impactful potential of VendueTech's AI-powered distressed property auction platform

Published on: April 22, 2025

Author: Ivan Livić, CEO & Co-Founder

VendueTech is proud to share that our project, Bidsale: A Next-Generation AI-Powered SaaS Platform for Distressed Property Auctions, has received strong preliminary results in the Eureka funding assessment.

What is Bidsale?

Bidsale is a SaaS solution designed to transform how distressed properties are evaluated and auctioned across Europe. By combining automated valuation, predictive legal risk analytics, and real-time market data, Bidsale empowers banks, investors, and legal entities to streamline judicial property sales.

Highlights from the Assessment

The Eureka panel provided detailed feedback across 11 dimensions. Across three independent assessments, Bidsale received scores of 18/18, 15/18, and 16/18, giving us an impressive:

⭐ Average Score: 16.33 / 18
🔢 Percentage Equivalent: 90.7%

These results reflect the consistency of Bidsale's excellence and the trust in its technical and commercial feasibility.

✨ Quality of the Consortium (Score: 5)

The panel commended the consortium of three partners, noting their complementary strengths in software development, system integration, and project experience. While the panel recognized the technical ambition of the platform, they acknowledged the team's strong ability to execute.

🔎 Market Understanding and Impact (Scores: 6)

The assessors highlighted the realism of our market projections, especially our focus on judicial auction inefficiencies. Bidsale's ability to reduce transaction time, increase investor confidence, and improve recovery rates for banks was seen as highly relevant.

✅ Feasibility and Planning (Scores: 6)

The project plan was described as realistic, well-structured, and credible, with clear goals, logical work packages, and milestones. Our partners’ prior experience with both national and international R&D projects was seen as a strong asset.

📈 Innovation and Applied Knowledge (Scores: 4-6)

The panel praised Bidsale's novel approach to applying AI in property valuation and cross-border legal harmonization. The use of predictive models for legal and financial risk was noted as ambitious and forward-thinking.

⚠️ Key Risk Noted

The main challenge lies in integrating legal frameworks across EU countries. While technically feasible, the complexity of legal harmonization remains a major variable to monitor.

What This Means for VendueTech

This assessment confirms that Bidsale is not only innovative, but also grounded in a well-planned and feasible execution roadmap. With clear commercial and societal value, we are one step closer to enabling faster, safer, and more transparent distressed property auctions.

We're grateful to our partners and advisory teams for helping shape a product with real European impact.

Next steps: We are currently preparing for the final phase of grant evaluation. Meanwhile, we continue to build partnerships, expand our data coverage, and iterate on our product with early adopters across the EU.

Stay tuned for further updates from the frontlines of real estate innovation.