2018 has proved to be a record year for investment in the global building technology sector, with over $2.4 billion invested in startup companies. This clearly demonstrates increased confidence by investors in the sector and indicates the positive response companies are receiving for their products and services in the market. Our brand new report identifies 482 companies founded between 2009 and 2018 in the smart building sector, which comply with our definition of a startup. In addition it identifies 109 startups that been acquired and 13 firms that filed for an IPO since 2009, amounting to over 600 active new entrants in the smart commercial buildings sector. Exits have also increased significantly, with the report identifying 41 acquisitions in 2018 alone. Indeed the last two years accounted for almost 60% of all startup acquisitions tracked since 2012, showing a clear trend towards consolidation. Adjacent markets are heavily impacting the core smart buildings market, particularly the […]