Yorkshire’s Bimsense has landed £750,000 from NPIF – Mercia Equity Finance for its building safety software.
Its Operance tool is designed to be used by high-risk building owners to evaluate their safety and carry out registration with the Building Safety Regulator.
Owners must meet these requirements as a result of the Building Safety Act, which was passed in 2022 in response to the Grenfell Tower fire in 2017.
Maurice Disasi, investment manager at Mercia said: “The Building Safety Act will bring about major changes in the construction and property industry and will drive uptake of digital technology. Operance is the first platform that has been specifically designed to help firms meet the requirements of the Act.”
Bimsense says there are approximately 13,000 of these high-risk properties around the country.
New requirements of the Building Safety Act mean from last month owners are now required to create a safety case report.
“Our Operance platform has been at the forefront of innovation, helping companies meet the requirements of the new building safety regime efficiently,” said Scott Pilgrim, chief product officer at Bimsense.
Operance was launched by Hull-based Bimsense in 2020 with investment from NPIF – Mercia Equity Finance.
In its last financial year, the company said its turnover grew by 44% and it plans to add six people to its team of 22 in the next 12 months.