Ian Yeo and Scott Pilgrim launched Hull-based consultancy Bimsense four years ago after becoming frustrated by the traditional approach to building design, construction and management.
It has now developed its own operations and maintenance software, Operance.
The funding from the Northern Powerhouse Investment Fund (NPIF) — Mercia Equity Finance, which is managed by Mercia Asset Management, will allow it to commercialise the system and create 10 new jobs over the next two years.
Bimsense specialises in building information modelling (BIM), which allows construction projects to be created digitally before they are built to address issues normally identified on site or after completion, helping save time and money.
“We’re delighted and excited to secure this investment to deliver our long-term ambition of digitising and ‘humanising’ building information to help create safer, healthier places for people to live, work and spend their leisure time,” said Ian Yeo, chief executive at Bimsense.
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“We know the devastating effects that poor, mismanaged information and ill-informed decisions can have on people’s lives.
“This funding helps us to tackle these issues, by enabling project teams to develop better quality information for end-users to access in a really easy, user-friendly way.”
Maurice Disai, investment associate at Mercia, added: “The Operance system could have a huge impact in terms of reducing costs and improving safety and quality of life for building users.
“The proof-of-concept version of this software has already generated a great deal of interest within the industry by showing the cost and performance benefits of using a digital building information platform.
“The funding will allow Bimsense to further enhance the product and bring it to market."
Pictured above, L-R: Nigel Hedley, chair of Bimsense, Maurice Disai, investment associate at Mercia, Scott Pilgrim, chief product officer at Bimsense, Ian Yeo, chief executive at Bimsense, and Tim Mutlow, chief technology officer at Bimsense