innogy Innovation Hub invests in Finnish AI company SkenarioLabs
SkenarioLabs, a Finnish start-up that provides Artificial Intelligence (AI)-based data services to the real estate industry, has secured an undisclosed sum in a seed funding round led by innogy Innovation Hub.
The innogy Innovation Hub is the Accelerator and Venture Capital arm of innogy SE, a German energy company, with revenues of around EUR43 billion (2017), more than 42,000 employees and activities in 16 countries.
SkenarioLabs’ AI powered web-based data analytics service provides detailed and reliable 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 was founded in 2015 and is located at the Finnish “Silicon Valley” at Startup Sauna. The company 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.
Topi Tiihonen, SkenarioLabs CEO, says: “We are very proud of the results we have achieved to date and we are eager to grow even more. We believe that this partnership with innogy Innovation Hub will help establish us as leaders in the real estate analytics market. With this funding, we will grow our resources and expand our presence in the Central European markets.”
“SkenarioLabs has developed an impressive client-base in a relatively short space of time with practical solutions for the real estate sector, including using buildings’ technical data to help in predictive maintenance and reducing the cost of property valuations through automation,” says Alina Prawdzik, Head of ‘Smart & Connected’ and CEE at the innogy Innovation Hub. “In addition, by digitising buildings’ technical data, they contribute to the digital twin, and we see huge potential in SkenarioLabs’ technology in enabling the smart building of the future. We are excited to welcome SkenarioLabs to our portfolio and are looking forward to partnering with Topi and the management team to as they look to achieve their growth ambitions.”