Smart Buildings

Nuuka Building Analytics Business and Financials Examined

In this Research Note, we examine Nuuka Solutions, a Finnish SaaS provider of a cloud-based building analytics platform to centrally monitor and manage the energy efficiency, indoor air quality and HVAC performance of real estate portfolios. This analysis covers their 2021 financial performance, 2022 revenue targets, stakeholder changes, growth strategy and recent projects. This article, part of a series covering the activities of new entrants such as Spica Technologies, Flowscape, Uptick and PlanRadar, updates the information in our 2021 Startups Report and our 2022 Digital Workplace Report.  Nuuka Solutions, established in Helsinki in 2013, has 33 employees on LinkedIn and a branch office in Stockholm, Sweden. The startup pivoted its offering in 2021 to focus on commercial and public buildings that drive higher deal size, growth and margin, withdrawing completely from the higher churn residential markets. Nuuka AI Optimize software updates and optimizes a building’s HVAC systems in real-time, reducing energy costs and maintaining optimal indoor climate while Nuuka Diagnostics fault detection and diagnostic software […]

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