Novem Digital Inc.

What Novem Digital Inc. does

Novem Digital Inc. is a Vancouver-based predictive risk intelligence company serving institutional real estate owners. Its core product, the Novem Property Risk Platform, layers real-time monitoring of critical building systems — including vibration, environmental signals, and equipment condition — on top of 20 years of normalized insurance claims data covering 7.2M buildings across 103 equipment categories. The platform ranks early warnings by financial consequence rather than alarm volume, enables condition-based capital planning, and produces audit-ready evidence for insurance renewal and board reporting. The proprietary TCRO (Total Cost of Risk Ownership) framework, co-developed with a global commercial insurer and a global digital energy and building services partner, frames the full economic burden of building risk — direct claims, downtime, insurance volatility, compliance overhead, and reputational exposure — as a single measurable standard. The company targets four primary verticals: commercial and mixed-use real estate, seniors living and wellness, data centers, and recreational and public venues, with documented outcomes including $5M in loss prevention at an events campus, $10.1M in 10-year forecast savings at a commercial office tower, 65% fewer outbreak weeks at a seniors living operator, and 1–3 year customer payback periods. The business model combines a recurring enterprise SaaS subscription, priced annually and sized to portfolio footprint and coverage, with professional services for deployment, TCRO assessment, and ongoing optimization. Go-to-market is enterprise field sales targeting operations, finance, and risk leaders, augmented by partner-sourced demand from a global infrastructure partner operating in 100+ countries, a global commercial insurer, and a Canadian national insurance brokerage. The company previously operated as Novem PRP and is privately held with a small, globally distributed executive team that includes a CRO, CTO, CMO, and CRDO.

Name

Novem Digital Inc.

Legal name

Novem Digital Inc.

Website

https://novemdigital.com

Company type

Private

Operating status

Operating

Headcount range

1–10 employees

Short description

Novem Digital provides a property risk platform combining real-time building monitoring with 20 years of normalized insurance claims data from 7.2M buildings. It serves institutional real estate owners across commercial, seniors living, data center, and public venue portfolios in North America and Europe.

Ownership category

akta.pro rank

Headquarters

HQ city

Vancouver

HQ country

Canada

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Software

Cost components

Technology or R&D, Personnel, Marketing or Sales, Operations, Infrastructure

Revenue model

1. Property Risk Platform Subscription: SaaS platform providing predictive risk intelligence for institutional real estate portfolios. The platform is deployed across customer portfolios with continuous monitoring and generates recurring subscription revenue based on portfolio size and coverage level.
2. Professional Services: Implementation and consulting services for platform deployment, TCRO assessment, and ongoing optimization support for institutional portfolios.

Pricing tiers

Go-to-market motion1 record

Distribution channels1 record

Marketing channels5 records

Core offering

Novem Digital sells the Novem Property Risk Platform, a SaaS solution that combines real-time monitoring of critical building systems (vibration, environmental, equipment condition) with a 20-year normalized insurance claims data set spanning 7.2 million buildings across 103 equipment categories to predict equipment failures before they occur. The platform layers the TCRO (Total Cost of Risk Ownership) financial framework on top of building telemetry to translate operational signals into capital, insurance, and audit-ready risk decisions for institutional real estate owners.

Product overview

Novem Digital Inc. offers the Novem Property Risk Platform as its core unified product, supplemented by the TCRO Framework for financial risk measurement. The platform integrates three key modules: Predictive Operations (early warning risk signals), Capital Planning (condition-based replacement decisions), and Vibration Monitoring (equipment and structural monitoring). The TCRO Framework serves as the overarching financial standard that ties together all platform components, enabling portfolio operators to measure, manage, and reduce the total cost of building risk. The platform is purpose-built for institutional real estate portfolios including commercial/mixed-use properties, seniors living, data centers, and recreational venues.

Differentiator

Problem solved

Functional benefit

Products and services

• Novem Property Risk Platform A SaaS property risk platform for institutional real estate portfolio owners that combines real-time monitoring of critical building systems with normalized insurance claims data to predict failures, control insurance costs, and enable defensible capital planning. It is sold to operations, finance, and risk leaders at portfolio-level enterprises across commercial real estate, seniors living, data centers, and public venues.
• TCRO Framework The Total Cost of Risk Ownership (TCRO) framework provides a financial standard for measuring the complete cost of building risk across direct losses, operational losses, capital inefficiency, compliance overhead, and reputational costs. Co-developed with global insurance and infrastructure partners, it is offered to institutional real estate owners as the financial methodology that ties together all platform components and underpins capital, insurance, and board-level decisions.
• Professional Services Implementation and consulting services for platform deployment, TCRO assessment, and ongoing optimization support for institutional real estate portfolio customers. Sold alongside the Property Risk Platform subscription to ensure successful deployment and continuous value realization.

Quantifiable outcome

• 30% better capital IRR for commercial real estate portfolios
• +9 more outcomes

Named customers6 records

Segments4 records

Ideal customer profiles4 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

AI capability4 records

Feature5 records

Partnerships

Three partnerships are on record, tiered core and supporting.

• Global Digital Energy & Building Services CompanycoreStrategic or Co-development PartnerA global leader in building infrastructure and energy management operating in over 100 countries. Contributes live physical telemetry that turns TCRO from an estimate into real measurement. A strategic infrastructure partner embedding predictive intelligence into building systems and services for institutional real estate portfolios. One of the world's largest operators of building infrastructure data.
• Global Commercial Insurance CompanycoreStrategic or Co-development PartnerOne of the world's largest commercial insurers contributing 20 years of normalized institutional claims data that connects building conditions to financial outcomes boards and underwriters can act on. Co-developed the TCRO framework alongside Novem and the global digital energy partner.
• National Insurance Brokerage (Canadian)supportingChannel Partner/ Reseller/ DistributorA leading Canadian brokerage using Novem data to engineer risk, strengthen submissions, and improve outcomes for institutional real estate clients at insurance renewal.

Scale indicators7 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• Cape Analytics: Cape Analytics uses aerial imagery and AI to deliver property intelligence for insurers and real estate operators. It is a direct peer in the property risk intelligence category, addressing similar insurance and capital planning use cases as Novem's TCRO framework.
• BrainBox AI: BrainBox AI provides AI-driven predictive analytics for commercial building HVAC and energy optimization. It is a direct peer because, like Novem, it combines live building sensor data with predictive models to reduce operating cost and risk for institutional real estate owners.
• Arturo: Arturo is a property intelligence platform that uses computer vision and AI to assess building condition and risk. It is a direct peer because it serves insurance and real estate customers with predictive property risk data, similar to Novem's offering.
• Carbon Lighthouse: Carbon Lighthouse analyzes building systems to identify energy and operational savings for commercial real estate portfolios. It is comparable to Novem because it pairs live building data with predictive analytics to produce financial outcomes (energy savings, capital efficiency) for institutional owners.
• 75F: 75F is a smart-building IoT platform offering predictive HVAC and operational analytics for commercial buildings. It is comparable to Novem because it uses live sensor data and predictive algorithms to lower operating cost and prevent failures in institutional portfolios.
• Betterview: Betterview (now part of Guidewire) provides property intelligence and risk analytics to insurers and property owners. It is a direct peer in combining building-level data with insurance risk scoring, comparable to Novem's TCRO approach.

Emerging players

• Kogniz: Kogniz applies AI and computer vision to building operations, including safety, occupancy, and equipment monitoring. It is comparable as an emerging player in AI-driven building risk intelligence, with overlap to Novem's predictive operations and vibration/environmental monitoring capabilities.
• Switch Automation: Switch Automation is a building analytics platform that integrates with building systems to optimize performance and detect faults. It is comparable to Novem as an emerging player in the building analytics category, with similar multi-vertical institutional real estate customers.
• Verdigris Technologies: Verdigris provides AI-powered energy and equipment monitoring for commercial and industrial facilities. It is an emerging player peer because it combines sensor data with predictive analytics to detect anomalies and failures in building systems, similar to Novem's vibration and predictive operations modules.
• Aquicore: Aquicore provides building operations and utility analytics for commercial real estate portfolios. It is comparable as an emerging peer in building data analytics with a focus on operational and financial outcomes for institutional owners.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks5 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/novem-digital

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Novem Digital Inc.