Piscada
Trondheim, NO · Founded 2009 · 38 employees on LinkedIn · 1 known investors
Piscada builds an AI-powered building intelligence platform (including its Foresight product and cloud-native BAS) that detects faults, predicts failures, and optimizes energy across building portfolios. Founded from a SINTEF research project, it serves building operators and manages 1,500+ connected buildings across Norway, Sweden and the Netherlands.
Also known as Piscada AS · Piscada Solutions
Founders & leadership
Investors · 1
Company profile
researched Aug 2026Piscada is a Norwegian software company that provides a layered building intelligence platform for commercial building operations. Its foundation layer, Piscada BAS, is a cloud-native building management system that collects and normalizes building data from any source and offers more than 50 protocol integrations; customers can alternatively connect the platform to an existing BMS. On top of this sits Foresight, an intelligence platform organized into three applications: Facilities (fault detection, failure prediction, prioritization and explanation), Energy (analytics, waste detection, optimization and ESG/sustainability reporting) and Control (modifying schedules and setpoints directly from the platform). A further AI layer, Foresight AI, allows users to ask questions in natural language, receive diagnostic answers and let AI act across the applications.
The company positions its products against common building-operations problems it describes as alarm fatigue (high volumes of daily alarms dominated by false positives), dependence on undocumented expert knowledge held by retiring operators, siloed ventilation, heating and cooling systems, and reactive, manual inspection workflows. Piscada runs offices in Trondheim and Drammen and operates across Norway, Sweden and the Netherlands.
Until 2025 Piscada also operated an aquaculture software division based in Trondheim, which automated feeding operations and provided visual monitoring and decision support for sea-based and land-based fish farming, with customers including Mowi, Lerøy and Grieg Seafood. That unit was carved out and acquired by Norwegian private equity firm Bluefront Equity in April 2025.
Founding story
The company grew out of a 2007 SINTEF research project backed by Norwegian industrial sponsors that explored a modular platform for real-time process control and monitoring, addressing industrial control problems. Kyrre Isaksen, who led the original SINTEF Piscada research project, is the founder and Chief Product Officer. After the research results were commercialised, Piscada AS was formally founded in Trondheim in 2010.
Business model
Piscada sells a modular software platform to building owners and operators, offering either the full stack — the Piscada BAS data and control foundation plus the Foresight intelligence and AI layers — or only the intelligence layer connected to a customer's existing BMS. Deployments can start with a single building and scale to an entire portfolio.
Traction
The company reports 1,500+ connected buildings across three countries, 15+ years of operations data and 20+ employees. Its former aquaculture division employed 7–8 people and generated approximately NOK 22 million (about USD 2 million) in revenue in 2024 with a positive operating result.
Latest developments
In April 2025 Bluefront Equity agreed to acquire Piscada's aquaculture business, carving the unit out of Piscada into full ownership by Bluefront Capital II; financial details were not disclosed. In December 2025 Bluefront announced that the acquired unit, Piscada Aqua, would merge with fellow portfolio company Spillfree Analytics under Steinar Fossen. Piscada continues to operate its building intelligence business, with Foresight launched in 2024 as its AI-powered operations platform.
▸Full profile — market position, technology, go-to-market, geography, history
Market position
Piscada describes itself as a Norwegian PropTech company that grew up inside building operations rather than pivoting into the sector, citing 15+ years of real building operations data from 1,500+ connected buildings as a compounding data advantage and network effect.
Piscada emphasises the combination of its own cloud-native BMS foundation with an intelligence and AI layer that can also run on third-party BMS systems, direct control actions rather than diagnosis alone, open protocols and open-source foundations without vendor lock-in, and algorithms validated in real industrial environments.
Technology
The platform is structured as a four-layer intelligence architecture (L0–L4) running from the BMS foundation to cognitive AI. Piscada BAS is a cloud-native BMS with 50+ protocol integrations, including BACnet and Modbus, that collects and normalizes building data from any source. Foresight adds fault detection and diagnostics, failure prediction, energy analytics and direct control of schedules and setpoints, while Foresight AI provides a natural-language assistant with diagnostic answers and the ability to act across applications. The company uses knowledge graphs based on the Brick Schema for semantic modelling of building systems, and states it builds on open protocols and open-source foundations to avoid vendor lock-in.
Go-to-market
The company markets its products directly through its website with personalized demo bookings and technical guides for engineers, and supports land-and-expand adoption starting from a single building. Commercial expansion, partnerships and go-to-market are led by a Chief Revenue Officer.
Operators and owners of commercial building portfolios in Norway, Sweden and the Netherlands, including facilities, energy and building automation teams. The divested aquaculture unit served fish farming companies including Mowi, Lerøy and Grieg Seafood.
Geography
Headquartered in Trondheim, Norway, with a second office in Drammen; operations span Norway, Sweden and the Netherlands.
History
Piscada originated in 2007 as a SINTEF research project with Norwegian industrial sponsors, exploring a modular platform for real-time process control and monitoring. Following commercialisation of the research results, Piscada AS was formally established in Trondheim in 2010. The platform evolved in 2015 from BMS infrastructure into a building intelligence layer connecting sensor data into a unified operational view; in 2020 Piscada BAS launched as a cloud-native BMS foundation supporting deployment across large portfolios in Norway, Sweden and the Netherlands; and in 2024 Foresight launched as an AI intelligence platform for fault detection, failure prediction and energy optimisation. In April 2025 the company's aquaculture division was carved out and sold to Bluefront Equity, with aquaculture head Steinar Fossen becoming managing director of the acquired entity.
Compiled by commissioned research from 6 cited public sources — announcements, filings, and press listed under research sources below.
Key figures
latest reportedCompany-reported or press-reported figures, each dated to when it was claimed — not independently audited.
Timeline · 6
launches, deals, and filingsBluefront Equity announced that its subsidiaries Spillfree Analytics and Piscada Aqua would merge, with Steinar Fossen heading the merged company.
Bluefront Equity acquired Piscada's aquaculture business, carving it out of Piscada into full ownership by its second fund, Bluefront Capital II. Financial details were not disclosed. The unit employed 7–8 people, generated approximately NOK 22 million (about USD 2.1 million) of 2024 revenue, and served customers including Mowi, Lerøy and Grieg Seafood. Aquaculture head Steinar Fossen became managing director of the acquired entity.
Foresight launches as an AI intelligence platform that detects faults, predicts failures and optimises energy across 1,500+ buildings in real time.
Piscada BAS launches as a cloud-native building management system foundation, enabling deployment across large portfolios in Norway, Sweden and the Netherlands.
Following commercialisation of the SINTEF research results, Piscada AS is founded in Trondheim, Norway.
Piscada originates as a SINTEF research project with Norwegian industrial sponsors, exploring a modular platform for real-time process control and monitoring.
Dated company events from announcements, filings, and press; legal rows summarize public dockets and regulator releases.
▸Research sources · 6
primary sources listed
- Piscadapiscada.com · web
6 public sources were cited for this profile; the first-party ones are listed here.
Frequently asked questions
- What does Piscada do?
- Norwegian PropTech company offering an AI-powered building intelligence platform and cloud-native BAS for building portfolios.
- Who are Piscada's investors?
- Piscada's investors include Skagerak Capital.
- Where is Piscada headquartered?
- Piscada is headquartered in Trondheim, NO.