Home » Norwegian startup Findable raises €2m to automate building docs with AI

Norwegian startup Findable raises €2m to automate building docs with AI

by Sion Geschwindt
Norwegian startup Findable raises €2m to automate building docs with AI

Findable, an Oslo-based startup that automates building documentation using Artificial Intelligence (AI), has raised €2m (£1.6m) in a seed round led by KOMPAS, with participation from Construct Venture and Malling & Co Venture.

The startup will use the funding to scale its product and grow its customer base as it prepares for international expansion.

Storing building information safely and organising it in an easily accessible way is necessary to ensure routine facility management, inspection, and certification processes, says Findable.

The startup’s software looks to streamline this process by digitising building documentation, using AI to automatically categorise documents, and allowing users to locate specific information via a search function.

The software is able to analyse headlines, pictures and drawings, and quickly conclude what the document shows and how it should be organised.

The startup says that its solution makes documents more secure and complete, reducing the time consuming and manual process of managing complex documents.

Fredrik Halmøy Wisløff, CEO at Findable, commented: “Building documentation, its organisation and storage, is quite frankly a tedious task. Even today it’s still a largely manual process involving stacks of paper and piles of ring binders. 

“Similar to the software that automatically sorts photo albums using face recognition, our technology quickly identifies the key data and makes it easier for relevant parties to access the information that matters.

“Digitising and automating building documentation is the only way to streamline this laborious but critical aspect of building management.” 

Sebastian Peck, Partner at KOMPAS, added: “The facilities management sector in Europe is a massive market undergoing its own digital transformation.

“The construction industry, property developers, and facility managers all require digital solutions to meet complex regulatory and sustainability requirements.

“Findable’s solution provides easy access to the right building documentation, supporting workflow automation and thereby removing a major bottleneck. We are really excited to back the terrific team at Findable.”

The need for improved building documentation is only going to grow in the coming years.

In the UK this is starting to take shape through the ongoing Grenfell Tower Inquiry which has recommended new laws in their Phase 1 Report to make building documentation more accessible.

Their recommendations include requiring owners and managers of high-rise residential buildings to provide fire and rescue services with information about external wall materials and building plans – a capability many building owners are still falling short on.

Image: The Findable team in 2022 (credit: Findable)

Read next: German startup Ecoworks raises €7.7m for housing retrofit tech

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