Properate

What Properate does

Properate AS is a Norwegian SaaS/PropTech company that provides a building management and optimization platform serving as a unified digital operating system for commercial real estate. The platform connects all building systems, sensors, and technical equipment into a single interface, enabling real-time monitoring, predictive maintenance, energy optimization, indoor climate control, ESG reporting, and energy flexibility market participation. It is built on top of Cognite Data Fusion, runs on Google Cloud (Kubernetes), and uses Python and Rust for data extractors and backend services with Postgres as a supplementary data store. Keycloak provides SSO authentication. The platform supports 25+ third-party integrations and all major building automation protocols (BACnet, Modbus, KNX, LoRaWAN, Z-Wave, Zigbee, MQTT, OPC UA, etc.), making it 100% vendor-independent. Core product tiers are Properate Premium (with specialized variants such as Premium - Hotel) and Properate Pro, extended through modules including ESG Dashboard, FDV, Tasks Mobile, Energy Module, Water Consumption Module, Energy Flexibility Module, Notes, and an Organisation-level Dashboard.

The company serves enterprise customers across the Nordic region including shopping center operators (Scala Eiendom with 24 properties), hotels (Thon Hotel Storo), luxury retail (Promenaden Management, 87,700 m²), discount retail chains (Europris, ~250 stores), and large undisclosed Nordic property companies. As of the available data, Properate monitors 700+ commercial buildings, 2.5M+ m² of floor area, and 240 GWh/year of energy consumption, accumulating 75B+ data points and ingesting 250M+ datapoints per 24 hours. The go-to-market is enterprise field sales with a consultative demo-led approach and phased pilot-to-full-deployment onboarding; revenue is generated through annual or multi-year SaaS subscriptions with modular pricing tailored to portfolio size, building count, sensor density, and selected modules. Strategic distribution is augmented by a Partner Programme for system integrators and automation companies, plus inbound referrals from the Cognite and Google Cloud partner ecosystems. The company is led by co-founder/CEO Dr. Morten Huse and CTO Dr. Knut Omang, with active operations in Norway, Finland, and Sweden.

Name

Properate

Legal name

Properate AS

Website

https://properate.com

Company type

Private

Operating status

Operating

Headcount range

11–50 employees

Short description

Properate is a Norwegian SaaS PropTech company providing an AI-driven building operating system on Cognite Data Fusion that unifies HVAC, energy, ESG, and predictive maintenance across commercial real estate portfolios in the Nordics, serving enterprise customers with 700+ buildings and 2.5M+ m² under management.

Ownership category

akta.pro rank

Product category

Building Energy Management Software

NAICS

Automatic Environmental Control Manufacturing for Residential, Commercial, and Appliance Use (334512)

SIC

Auto Controls For Regulating Residential & Comml Environments (3822), Industrial Instruments For Measurement, Display, And Control (3823)

akta.pro primary industry

Instrumentation, Controls & Automation (DCS/PLC/SCADA, SIS, Metering) (EUAEAFAC)

Keywords

• Building management software
• Building energy optimization
• Smart building platform
• Facility management software
• PropTech SaaS

Headquarters

HQ city

Lysaker

HQ country

Norway

HQ region

Europe

Offices1 record

Markets served

GTM type

B2B

Offering type

Software

Cost components

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

Revenue model

1. SaaS Platform Subscription: Properate operates as a cloud-based SaaS platform (building operating system) delivered on a subscription basis. Customers pay for access to the platform with modular components (e.g., 'Properate Premium - Hotel', 'Properate Pro') tailored to building type. Pricing is tailored to portfolio size and selected modules. Revenue is recurring (annual or multi-year contracts), with subscription tiers based on building count, sensor density, and functional modules selected.

Pricing tiers

Go-to-market motion1 record

Distribution channels5 records

Marketing channels6 records

Core offering

Properate is a cloud-based SaaS platform that serves as the operating system for commercial buildings, connecting HVAC, lighting, energy, ventilation, sensors, and technical systems into a unified digital twin. It delivers real-time monitoring, predictive maintenance, energy optimization, ESG reporting, and energy flexibility market participation for property owners and facility managers across the Nordics.

Product overview

Properate is a modular SaaS platform for commercial building management, built on top of Cognite Data Fusion and delivered primarily through two product tiers: Properate Premium (with specialized variants like Properate Premium - Hotel) and Properate Pro. The platform serves as a unified digital operating system for buildings and portfolios, connecting all technical systems, sensors, and equipment into a single interface. The core platform is extended through specialized modules including an ESG Dashboard, Tasks (mobile), FDV (facility management), Energy Module, Water Consumption Module, Energy Flexibility Module, Merknader (Notes), and an Organisation-level Dashboard. The portfolio view enables cross-building analysis and benchmarking, while the building-level cockpit provides role-specific dashboards for facility managers, operations staff, and tenants. Key AI-powered capabilities include predictive maintenance, anomaly detection, optimization, and process automation for energy, HVAC, and indoor climate control.

Differentiator

Problem solved

Functional benefit

Products and services

• Properate Premium Flagship modular SaaS platform serving as the operating system for commercial buildings, connecting HVAC, lighting, energy, sensors, and technical systems into a single platform with real-time dashboards, anomaly detection, and AI-driven optimization of energy and indoor climate. Targeted at commercial property owners and portfolio operators.
• Properate Premium - Hotel Specialized module of Properate Premium tailored for hotel properties, providing a complete operating system for smart hotel management that consolidates all technical systems (HVAC, heating, cooling, lighting, energy) into one platform with modules for indoor climate, technical systems, deviation handling, and dashboards. Designed for hotel chains and individual hotel properties.
• Properate Pro Enterprise-grade version of Properate's building management platform, offering full-featured monitoring, insight, and active control capabilities with real-time data from indoor climate sensors, motion detectors, occupancy counters, and integrated APIs. Targeted at commercial property and portfolio operators.
• Properate Energy Module
• Properate ESG Dashboard
• Water Consumption Module Building water management module providing visual color-coded analysis of water consumption per meter, pattern identification over time, period comparisons, and early deviation detection for leak prevention. Targets facility managers.
• Energy Flexibility Module Energy flexibility management module enabling commercial buildings to participate in flexibility and reserve markets by identifying available flexibility across ventilation, heating, cooling, and electrical loads, and aggregating it at building and portfolio level for market participation via partners such as NeoWatt. Targets property owners seeking new revenue streams from grid services.
• Properate FDV (Facility Documentation) Facility management and documentation module providing a consolidated overview of building information including building profile (area, construction year, certifications), technical systems organized by system code, operational descriptions, contacts, manuals, and open tasks. Targeted at facility managers and technical operations teams.
• Properate Tasks (Mobile) Mobile-friendly web application (tasks.properate.com) for field technicians providing task management capabilities including viewing assigned tasks, updating status, and creating new tasks directly from mobile devices on site. Targeted at maintenance and operations technicians.
• Organisation Dashboard Portfolio-level dashboard providing a consolidated overview of energy consumption, climate impact, and tasks across all buildings in a single view, with total consumption comparisons against previous years and identification of buildings with the largest changes. Targeted at portfolio managers and sustainability leads.
• Merknader (Notes) Notes and annotations module enabling documentation of events, deviations, and observations directly at the building, floor, room, or linked to a technical component or sensor. Each note includes date, severity level (info, warning, error), and is linked to the correct equipment. Targeted at facility teams and operations staff.

Quantifiable outcome

• 53% reduction in energy consumption per room-night at Thon Hotel Storo
• +9 more outcomes

Named customers5 records

Ideal customer profiles1 record

Technology focussed Yes

API detail

Has API

Yes

API docs

API detail

Core technology

AI maturity

App detail

Integration27 records

AI capability5 records

Feature14 records

Partnerships

Four partnerships are on record, tiered core and minor.

• CognitecoreTechnology or Integration · 1 January 2018Cognite is the foundational technology partner for Properate. Their industrial data platform, Cognite Data Fusion (CDF), forms the backbone of Properate's solution — providing the flexible and scalable data model that underpins the digital twin of each building. This is a deep, technically integrated partnership with joint development between Cognite and Properate engineering teams. Properate is listed as a Cognite customer case study on cognite.com.
• Google CloudcoreTechnology or Integration · 1 January 2018Properate leverages Google Cloud (GCP) for cloud infrastructure, enabling seamless scalability both technically and geographically. The platform uses Kubernetes on Google Cloud. Properate is profiled as a customer case study on Google Cloud's official website.
• Energima GruppencoreStrategic or Co-development Partner · 1 January 2018Energima Gruppen is a strategic partner providing technical infrastructure expertise in building automation and energy efficiency. The partnership delivers comprehensive solutions for building operators. Energima is also the employer for some roles (SRE) that serve the Properate platform. Energima is also listed in the integrations section at properate.com/integrasjoner.
• NeoWattminorStrategic or Co-development PartnerNeoWatt has developed a Virtual Power Plant (VPP) focused on latent loads and low-threshold connection. Properate serves as a central partner for integrating commercial buildings into NeoWatt's flexibility marketplace, enabling building owners to reduce peak electricity costs and generate revenue from reserve market participation. The integration is automatic: Properate's 'Dynamic Energy Use' module controls flexibility measures on signals from NeoWatt's market platform.

Scale indicators12 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• Carbon Lighthouse: Carbon Lighthouse provides building decarbonization services with continuous commissioning and analytics for commercial real estate. It is a direct peer to Properate's energy reduction and ESG outcomes, with a focus on measurable climate impact.
• 75F: 75F offers IoT-based smart building management with predictive HVAC control and cloud-based analytics for commercial buildings. As a direct peer, it competes with Properate on AI-driven HVAC optimization and multi-protocol building integration.
• GridPoint: GridPoint delivers energy management and submetering solutions for multi-site commercial portfolios, with a focus on data aggregation, operational efficiency, and ESG reporting. It is a direct peer to Properate's portfolio-level energy and ESG positioning.
• Johnson Controls (OpenBlue): Johnson Controls' OpenBlue platform delivers AI-driven building management, predictive maintenance, and energy optimization. It is a direct competitor to Properate's unified digital twin and predictive maintenance capabilities, with a much larger installed base.
• BrainBox AI: BrainBox AI provides AI-powered building optimization with predictive HVAC control and energy analytics. As a direct peer, it pursues the same autonomous-building vision as Properate, focused on HVAC, indoor climate, and energy reduction.
• CopperTree Analytics: CopperTree Analytics provides building analytics and fault detection for commercial facilities, focusing on energy and operational performance. It is a direct peer to Properate's analytics layer, particularly for portfolio-level M&V and energy management.

Broad incumbents

• Schneider Electric (EcoStruxure): Schneider Electric's EcoStruxure Building platform offers building management, energy monitoring, and analytics for commercial real estate. As a broad incumbent with strong sustainability positioning, it overlaps with Properate's ESG and energy optimization value proposition.
• Siemens Smart Infrastructure: Siemens offers Desigo CC and Navigator for building automation and energy optimization across commercial buildings. It is a broad incumbent with deep enterprise relationships and a global service network that competes with Properate's open, multi-protocol positioning.
• Honeywell Building Technologies: Honeywell's building division provides building management systems, HVAC controls, and energy analytics for commercial real estate globally. It is a broad incumbent competing with Properate's integrated digital twin and analytics proposition, though as part of a much larger portfolio.

Emerging players

• Clockworks Analytics: Clockworks Analytics (formerly) provides automated building analytics and fault detection for HVAC and energy systems. As an emerging analytics-focused player, it overlaps with Properate's predictive maintenance and anomaly detection capabilities.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/properate

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 records

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 Properate