Smart Buildings

Investment in IoT Platforms for Commercial Buildings is on the Rise

Investment in IoT platforms for commercial buildings has continued to rise unabated since 2015. With the recent flood of low cost connected building systems, advanced sensors and cloud-based data analytics software driven by machine learning, a diverse range of building management platforms aimed at energy efficiency and asset optimization are being launched. The companies described below, who have all received funding this year, exemplify the varied range of solutions which are being developed worldwide. In August 2017, Site 1001, a US developer of an artificial intelligence-driven building maintenance and management platform, raised an additional $6 million in a Series A1 funding round, bringing their total Series A to $11million. Lead investor in the Series A1 was JE Dunn Construction Company of Kansas City, Missouri, from whom Site 1001 was spun out in August 2016. The system began as a mobile facilities management platform that used the building information collected during construction to help building owners […]

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