This Research Note takes an in-depth look at UK/US startup Noda’s filing of their 2023 accounts, released on 24th March 2025, detailing the financial results of Information Grid Ltd. We also comment on subsequent events in 2024 and 2025, including headcount reductions, transaction details of the Buildings IoT acquisition, rebranding and total disclosed funding. This article updates our previous coverage of Infogrid on 23rd August 2024. Noda Profile Founded in 2018, Infogrid rebranded to Noda in December 2024, marking the unification of the acquisitions of Buildings IoT and Aquicore into a single organization. Keyfram Capital (whom we profiled last year) was an investor in both Buildings IoT and Aquicore, and Keyframe partner Ben Birnbaum is a director of Noda. CEO Kate Henningsen previously worked at Arcadia, another Keyframe Capital portfolio company. Noda aims to deliver enhanced data analytics, advanced AI capabilities, and automation solutions from a single platform that will enable the buildings sector to […]
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