Smart Buildings

Infogrid Company Financials & Acquisition of Buildings IOT Examined

This Research Note takes an in-depth look at UK startup Infogrid’s acquisition of Buildings IOT technology, announced on 21st August, and their filing of 2022 company accounts. We review Infogrid’s 2022 financial highlights and the turbulent history of the startup before examining the Buildings IOT technology acquisition. Founded in 2018 and headquartered in London, UK, Infogrid offers IoT solutions aimed at optimizing energy usage, enhancing facility management, and driving sustainability. The company offers a suite of products, including Smart Cleaning, Energy Reduction, and Energy Reporting, and leverages data analytics to improve building operations, occupant comfort, and energy efficiency. Infogrid has raised a total disclosed funding of over $148 million from a combined total of 11 different investors. LinkedIn currently reports 108 employees. Infogrid 2022 Financial Highlights 2022 financials for the company were finally filed with authorities on 20th August 2024. The document discloses revenues and reports in US dollars which is not typical for a […]

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