An emerging player in the realm of building documentation, Findable, based in Oslo, is leveraging artificial intelligence to automate the management of building records. The company has recently garnered attention with a €9M Series A funding round. This development underlines the growing emphasis on efficient, AI-driven solutions in the real estate sector. By focusing on the automation of complex documentation processes, Findable aims to address the challenges faced by facility managers and improve the overall safety and sustainability of buildings. The backing from prominent investors further emphasizes the potential impact of this technology.
What Challenges Does Findable Address?
Facility managers often find themselves burdened by disorganized building documentation, scattered across various physical and digital storage mediums. This lack of organization can impede routine management tasks and compliance efforts. Findable addresses these concerns by employing AI to streamline the sorting and filing of documents, ultimately facilitating easier access to vital information. This approach not only saves time but also ensures resources are allocated more effectively, enabling building stakeholders to make better-informed decisions.
Since its inception in 2020, Findable has been instrumental in organizing over 2 million documents and 15 million pages for major clients like OBOS and VELUX. The company’s growth trajectory has been marked by the onboarding of over 60 new clients and a doubling of its workforce in 2024. This progress highlights the increasing demand for efficient documentation management solutions in the real estate industry.
How Will the New Funding Be Utilized?
The recent funding round, led by Point Nine along with KOMPAS VC, Construct Venture, and Lake Eight, will support Findable’s ambitions for international expansion and product development. CEO Fredrik Halmøy Wisløff emphasized the company’s commitment to reducing regulatory burdens in the property sector, aiming to prevent accidents caused by inadequate compliance. With this financial boost, Findable seeks to enhance its technological capabilities and expand its presence across Europe.
The startup is also tackling the real estate sector’s contribution to global greenhouse gas emissions. By improving documentation management, Findable helps asset managers enhance building maintenance and streamline applications for environmental certifications. This aligns with new sustainability mandates, such as the UK’s Building Safety Act and the EU’s Energy Performance of Buildings Directive, which aim for a decarbonized building stock by 2050.
Historically, managing building documentation has been a time-consuming and costly endeavor. Findable’s AI solutions offer a more efficient approach, reducing the annual cost burden for building owners significantly. With the global construction industry facing increasing regulatory pressures, the demand for streamlined documentation processes continues to rise.
Findable’s advancements in documentation management provide a notable solution for the real estate sector, which remains a significant contributor to global emissions. As regulations tighten, the need for efficient, compliant, and sustainable practices becomes critical. Findable’s AI-driven platform positions itself as a key player in meeting these needs, ensuring safer and more sustainable buildings.