CubiCasa

CubiCasa, founded in Oulu, Finland in 2014 by Harri Pesola and Jarmo Lumpus, operates within the property technology sector, specializing in the digital creation of property floor plans. The company's genesis stemmed from a simple question: whether a floor plan could be generated from an indoor scan. Following extensive research and development, the founders confirmed its technical feasibility and market demand. Lumpus's personal journey, marked by significant life changes including leaving Nokia, divorce, and personal bankruptcy, ultimately led to the creation of CubiCasa.

The firm's core offering is a mobile application that allows users to create detailed 2D and 3D floor plans simply by scanning a property's interior with a smartphone. The process takes approximately five minutes, after which the user uploads the scan and receives a professional floor plan within 24 hours. The underlying technology utilizes artificial intelligence and computer vision to process a 3D point cloud from the scan, which is then converted into accurate property data and floor plans. The service is designed for a broad client base, including real estate photographers, agents, appraisers, inspectors, and Multiple Listing Services (MLS). CubiCasa's business model is primarily subscription-based, with additional revenue generated from optional add-ons. For instance, while basic 2D floor plans are often offered for free as part of MLS benefits, users can purchase add-ons like fixed furniture details, Gross Living Area (GLA) reports, and expedited 6-hour delivery.

A significant milestone in CubiCasa's history was its acquisition by Clear Capital, a U.S.-based real estate valuation technology company, on September 22, 2021. The acquisition was intended to empower CubiCasa to expand its mobile technology and integrate its services into Clear Capital's existing applications, though CubiCasa continues to operate with autonomy. Following the acquisition, Jeff Allen, formerly of Clear Capital, was appointed President of CubiCasa. Prior to the acquisition, CubiCasa had raised $4.62M in funding from investors including Butterfly Ventures and Moderne Ventures. The company's mission is to have a floor plan on every real estate listing, addressing a market where only 10-15% of U.S. listings currently include one.

Keywords: property technology, floor plan app, real estate data, mobile scanning, 2D floor plans, 3D floor plans, real estate marketing, property scanning, digital GLA, real estate valuation, PropTech, interior data, home appraisal, real estate photography, MLS tools, property data collection, building information modeling, automated floor plans, real estate software, virtual tours, Jarmo Lumpus, Harri Pesola