Digital twin tech startup EKORE has closed a €1.3 million Seed funding round, marking one of the most significant investments in Italy’s proptech sector and the largest digital twin investment for 2024. The funding highlights the growing potential of digital twins in revolutionizing real estate and urban management.
EKORE’s technology leverages digital twin solutions to advance real estate portfolio management, reduce energy costs, and enable data-driven decision-making for smarter building and city management. The cloud-based platform acts as a ‘digital brain,’ integrating data and 3D BIM models into a single, centralized solution. This integration powers AI-driven algorithms to optimize energy consumption, detect anomalies, and reduce carbon emissions, paving the way for a more sustainable real estate sector.
Key Investors
The funding round attracted two key strategic investors: SOM S.p.A., a leader in the fuel retail sector, and Habismart, the PropTech accelerator of CDP Venture Capital’s National Network. Additional backing came from CDP Venture Capital Accelerator Fund, Zest, Nova Capital, and COIMA, further solidifying EKORE’s position in the market.
Stefano Molino, Senior Partner at the Accelerator Fund, emphasized the platform’s capabilities: “EKORE’s predictive analysis enhances monitoring and error detection during asset management and maintenance phases. By capturing key performance indicators, it effectively manages anomalies while driving sustainability.”
Gabriele Ronchini, CEO of Zest Investments, highlighted EKORE’s potential: “We strongly believe in the transformative potential of digital twin technology in the proptech sector. EKORE’s growth showcases its ability to penetrate new market segments and drive innovation.”
Building for the Future
With the capital raised, EKORE plans to strengthen its platform and algorithms, expand its team, and drive commercial growth. The company is actively hiring across disciplines, including software development, AI, and project management, aiming to attract top-tier talent to accelerate its mission.
The Impact of EKORE’s Digital Twin Solutions
EKORE’s digital twin solutions provide a comprehensive approach to real estate management. By integrating advanced AI and real-time data, the platform enhances operational efficiency and reduces environmental impact. Its predictive capabilities allow building managers to optimize maintenance schedules, detect inefficiencies, and reduce costs.
This approach not only fosters sustainability but also addresses the growing demand for smarter, data-driven urban management solutions. With its innovative technology and strong investor backing, EKORE is poised to lead the digital transformation of the real estate sector and redefine how buildings and cities are managed.
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