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  • October 14, 2024
  • Dilna Parvin
Findable Secures €9 Million in Series A Funding to Transform Real Estate with AI-Driven Documentation and Sustainability Solutions.

Oslo-based startup Findable is transforming the real estate industry by automating building documentation using artificial intelligence (AI), a move that promises to enhance sustainability, compliance, and operational efficiency.Findable, a leading AI-based platform specializing in automating building documentation, has raised €9 million in a Series A funding round. This investment, led by Point Nine and supported by KOMPAS VC, Construct Venture, and Lake Eight, marks a significant milestone for the Oslo-based startup, enabling it to accelerate its growth and expand its market presence. The funding will be crucial in supporting Findable’s mission to streamline document management for building owners, operators, and contractors while addressing the increasing demands for sustainability and regulatory compliance in the real estate sector.

Findable’s platform offers a revolutionary approach to managing building documentation, a task that has long been fraught with inefficiencies. Traditionally, the manual sorting, filing, and retrieval of these documents have consumed time and resources, often leading to delays and costly errors. Findable's AI-driven solution automates this process, allowing users to easily access and organize essential building information. This not only reduces costs but also supports smarter decision-making, such as prioritizing maintenance tasks and ensuring compliance with evolving safety and sustainability regulations.

“The real estate industry has historically struggled with documentation inefficiencies, but our platform is designed to address these challenges head-on. By leveraging AI, we’re able to provide a scalable, automated solution that helps stakeholders make strategic, informed decisions,” said a spokesperson from Findable.Findable’s focus on sustainability is particularly critical as the built environment accounts for over 40% of global greenhouse gas emissions. By improving access to building documentation, the platform empowers asset managers to maintain buildings more effectively, extend their operational lifespan, and minimize their environmental impact. This solution is gaining traction as real estate companies face increasing pressure to meet stringent sustainability standards.

The platform simplifies the process of obtaining environmental certifications, enabling building owners and operators to align with global efforts to reduce carbon emissions. As sustainability regulations tighten across Europe, Findable’s AI technology is becoming an indispensable tool for the industry.Findable’s platform is also helping clients stay ahead of the curve in terms of regulatory compliance. With new laws such as the UK’s Building Safety Act and the EU’s Energy Performance of Buildings Directive (EPBD) coming into effect, building operators are under increased pressure to maintain accurate, up-to-date documentation. The platform provides a streamlined, accessible solution to ensure compliance with these evolving standards, reducing the risk of costly fines and operational disruptions.

In 2024, Findable has already achieved significant milestones, including signing over 60 new clients, processing more than 2 million documents, and doubling its workforce. With international expansion on the horizon, the startup is poised to become a major player in the global real estate and construction sectors.Findable’s successful €9 million funding round highlights the growing importance of AI-driven solutions in addressing the inefficiencies and regulatory challenges that have long plagued the real estate industry. As the industry continues its transition toward greener, more sustainable practices, Findable is at the forefront, offering a powerful tool to help companies navigate these changes.

With buildings contributing a substantial portion of global carbon emissions, the real estate sector’s role in achieving net-zero targets is undeniable. Findable’s AI solution not only facilitates better building maintenance and sustainability efforts but also aligns with the European Union’s ambitious goal to decarbonize its building stock by 2050. By automating documentation processes, Findable is helping to drive the industry toward a more sustainable future.As the platform continues to evolve, Findable is set to expand its AI capabilities, further enhancing its ability to meet the complex needs of an industry undergoing rapid transformation. With its commitment to sustainability, compliance, and innovation, Findable is well-positioned to shape the future of real estate documentation.