This article was written by Daphne Tomlinson, Senior Research Associate at Memoori. Smart building startups are gaining a foothold in the commercial real estate sector as indicated by the Increasing deployment of innovative building technologies developed by new entrants. Building owners and operators are adopting AI and IoT building systems to reduce their carbon footprint, achieve higher levels of operational efficiency, maintain low running costs and make buildings more comfortable places to work and visit. This trend to deploy innovation from startup companies was illustrated in October 2020 when several new building projects and installations, across complete portfolios were announced. Australia-based AMP Capital awarded Brainbox AI a contract to install an autonomous AI HVAC (heating, ventilation, and air conditioning) system across its managed real estate portfolio. This includes central business district office buildings, retail shopping centers and logistics facilities throughout Australia and New Zealand. BrainBox AI was created in 2017 with the goal of redefining […]