Smart Buildings

Airthings Commercial Building Business Examined

Airthings is a Norwegian tech company focused on air quality sensing that is making a name for itself on a global stage. Recent deals with the likes of Carrier, Walmart, and Home Depot have bolstered hardware sales channels, while newer SaaS approaches are improving their results. However, the past year has had its challenges as the company completed its full IPO and tackled an expanding market. In this research note, we examine recent financials and business moves that indicate Airthings' strategies in the commercial buildings space. The firm was established in 2008, under its previous name Corentium, by a group of scientists working together at CERN. They realized that the testing of airborne contaminants, like radon, was limited to cumbersome visits from professionals and laboratory analysis, so they developed more convenient and smarter sensor technology and the company was born. By 2011 the company had launched its first product, the Corentium, a handheld radon scanner, […]

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