Story by the Northern Nevada Business Weekly staff
Reno-based real estate valuation technology company Clear Capital announced last month the acquisition of CubiCasa, a Finland-based proptech startup.
According to a Sept. 22 press release from Clear Capital, CubiCasa will continue to operate with autonomy while expanding its “revolutionary mobile technology that automates floor plan sketch creation and digitizes property data collection.”
“As a key part of Clear Capital’s mission to modernize the appraisal process, we needed to find a way to make floor plan sketches more accurate and easier to create,” Duane Andrews, Clear Capital CEO, said in a statement. “We evaluated every option available, and CubiCasa’s technology far exceeded anything else in the marketplace.”
According to the release, CubiCasa’s mobile capture technology can be used without prior training by anyone with a smartphone. From a simple walk-through of a home, the technology produces a highly precise floor plan sketch and calculates gross living area aligned with American National Standards Institute (ANSI) standards.
“Square footage is the second-highest driver of a home’s value (the first being location), and CubiCasa’s technology helps minimize inconsistencies and variations in the property data collection and inspection process,” per the release. “Companies can easily embed CubiCasa’s scanning technology into their existing mobile applications through APIs and mobile SDKs.”
“The CubiCasa team is incredibly excited to be joining forces with Clear Capital, which has been an excellent partner to us for more than a year now,” Harri Pesola, founder and executive director of CubiCasa, said in a statement. “Clear Capital is the ideal partner to help us grow and revolutionize the way property data is collected now and in the future.”
