SkenarioLabs, an Espoo, Finland-based startup that provides Artificial Intelligence (AI) based data services to the real estate industry, received an undisclosed seed funding round.
The round was led by innogy Innovation Hub, the accelerator and venture capital arm of innogy SE, a German energy company, with revenues of around €43 billion (2017), more than 42,000 employees and activities in 16 countries.
The company intends to use the funds to grow resources and expand its presence in the Central European markets.
Founded in 2015 and located at the Finnish “Silicon Valley” at Startup Sauna and led by Topi Tiihonen, CEO, SkenarioLabs provides an AI powered web-based data analytics service that gives detailed diagnostics on property portfolios to enable effective management and maximise return on investment. The company’s platform can be used to plan maintenance and renovations as well as determine the technical risks and its effects on real estate value, rent and income projections. The data collected can also be used to develop insights on energy consumption and renewable energy estimations.
SkenarioLabs counts several property asset managers, financial institutions and energy companies among its client base. Its service is available in several European markets including Finland, UK and Sweden and plans to extend into new markets including Germany, Switzerland and Poland.