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In this Research Note, we explore the strategic direction of Nordomatic, the leading independent BMS systems integrator in Scandinavia. This Research Note examines the company’s strategic priorities in the smart commercial buildings space. through mapping M&A and investment activity to ascertain the growth ambitions of the business from 2019 to date. Founded in 1967 and headquartered in […]

The “first smart building unicorn” has gone bankrupt. After receiving numerous warnings from NASDAQ that it could be delisted, View Inc. admitted it doesn’t have enough money to operate publicly beyond September. Last week, the company announced it would file for Chapter 11 bankruptcy and continue operations under private ownership via an agreement with Cantor Fitzgerald, RXR Realty, and other investors. Under the slogan “your window to wellness,” View Inc. promised to make the skin of buildings intelligent. Their “Dynamic Glass” cut building energy consumption by as much as 20% by automatically tinting windows in response to solar radiation and indoor temperature levels, while also improving occupant health and wellness. While many maintain the technology at View Inc. is not the problem, something has gone wrong since the startup’s rapid rise. View Inc. The Glass Unicorn The California-based smart glass start-up was the talk of the industry when, in June 2017, the announced a $1.1 […]

Our new research is an in-depth analysis that maps out the global landscape of smart building AI companies, providing a clear picture of the market’s structure, and allowing the reader to assess the maturity and potential of various AI applications and identify vendors shaping the industry. Who are the key players shaping the future of […]

Established in 2018, UK-based smart building firm Infogrid quickly made a splash in the market, picking up a range of high-value customers including banks, supermarkets, and restaurant chains, as well as the UK’s National Health Service (NHS) during the peak of the global pandemic. The firm has attracted $135.5m in investment (including debt financing) from JLL Spark, Spotify backers Northzone, and SoftBank’s Vision Fund (now known for backing several public failures like WeWork and Katerra), which triggered the firm’s CEO at the time, William Cowell de Gruchy, to claim the company was experiencing “epic growth” and was on track to hit $100 million in revenue in 2022. In November 2022, Infogrid announced the acquisition of US-based company Aquicore for what we now know to be $43 million, allowing them to expand into the large US real estate market. However, a lawsuit filed last month at the District Court of Delaware, claims that Infogrid didn’t have […]

In this Research Note, we examine Spacewell, part of the Manage segment of Nemetschek, which provides software for the management and operations phase in the building lifecycle. This article is based on their 2023 annual results, investor presentations, Annual Report of the parent company, published on 21st March 2024 and the group’s strategy in the smart buildings space. The Nemetschek Group, the No 1 Architecture, Engineering and Construction (AEC) software provider in Europe and one of the top three global AEC software vendors, is driving the digitalization of the building industry, through its portfolio of brands, including Allplan, Bluebeam, dRofus, GraphiSoft, Nevaris, Vectorworks and Solibri focused on BIM. Listed since 1999 and quoted on the Frankfurt Stock Exchange, the Munich-based company generated revenues of €851.6 million in 2023, an increase of 6.2% compared with the previous year. The Manage segment has two brands, Spacewell and Crem Solutions, which offer software solutions across all commercial processes […]