# Spacemaker AS

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/spacemaker

- Industry: Software
- Headquarters: Oslo, Norway
- Website: www.spacemaker.ai
- Total disclosed funding: $25M
- Latest round: Series A (Jun 9, 2019)
- Investors on record: 6

## About

Spacemaker AS develops innovative software solutions that leverage artificial intelligence to enhance architectural design and urban planning, aiming to transform the way cities are built and optimized.Founded in 2016 and headquartered in Oslo, Norway, Spacemaker AS specializes in urban planning software that utilizes AI technology. The company was acquired by Autodesk in January 2021 for USD 240 mn, allowing for further development of AI-driven solutions. The founder, Anders Kvale, has previously engaged in entrepreneurial ventures, contributing to the company's innovative vision. Spacemaker has completed a total of 3 deals, with the most recent deal occurring on November 17, 2020.Spacemaker AS offers Autodesk Forma, a cloud-based software platform designed for data-driven planning and design, which supports architects, urban planners, and real estate developers. The platform integrates AI tools with established Building Information Modeling (BIM) products to streamline the design process, enabling rapid site optioneering and real-time analysis of design options. Autodesk Forma is available globally, catering to clients in North America, Europe, and Asia involved in pre-design and schematic design phases.In the most recent fiscal year of 2024, Spacemaker AS reported a revenue of USD 8.45 mn, with an EBITDA of -USD 13.52 mn.Following Autodesk's acquisition, Spacemaker AS is expected to enhance its technological capabilities in AI-driven real estate solutions. The investment from Autodesk will support ongoing product development and potential expansions into new geographical markets. Specific targets for market expansion and product releases have not been detailed, but the focus will be on further integrating AI into urban planning processes, leveraging the expertise and resources of Autodesk to drive growth.

## Funding rounds

- Series A, Jun 9, 2019, $25M — Northzone, Atomico, NREP, Round Hill Capital, OBOS, Construct Venture AS

## Investors

- Northzone (https://capitalatlas.ai/funds/northzone) — Series A
- Atomico (https://capitalatlas.ai/funds/atomico) — Series A
- NREP — Series A
- Round Hill Capital (https://capitalatlas.ai/funds/round-hill-capital) — Series A
- OBOS — Series A
- Construct Venture AS (https://capitalatlas.ai/funds/construct-venture-as) — Series A