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In this Research Note, we examine Irisity AB, a Swedish provider of AI-powered video analytics solutions. This analysis is based on their 2021 Annual Report, investor presentations, acquisitions and growth strategy. Irisity AB is a public company listed on Nasdaq First North Growth Market. Founded in 2006, the company serves customers in more than 90 countries with headquarters in Gothenburg, Sweden and offices in Israel, USA, UAE, Mexico, Singapore and Denmark. The firm, employing around 100 staff, operates through a network of resellers, partners, security companies, and camera manufacturers globally. The Group’s 2021 consolidated net sales amounted to MSEK 93.1 (USD 9.1M), a net increase in revenue of 110% with an underlying organic growth of 41%, an EBITDA result that turned positive after an increase of 200%, a gross margin that strengthened by 20% and a Monthly Recurring Revenue that increased from MSEK 1.5 to 6.6. In September 2021, Irisity announced the acquisition of Agent Video Intelligence (Agent Vi), an Israeli-based provider of […]
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Several smart building startups will trial energy efficiency, HVAC optimization, and energy storage technology across Amazon fulfillment centers and warehouses in Europe after winning funding in this year’s Amazon Sustainability Accelerator (ASA). The 2024 ClimateTech Pilot Challenge has welcomed startups that have moved beyond prototype testing and are working towards generating initial revenue and growing […]
This Research Note examines what’s behind the acquisition of Danfoss Fire Safety A/S by Siemens Smart Infrastructure announced on 8th October 2024. We review the transaction details, the strategic rationale, the SEM-SAFE fire protection system, and deployments before assessing how this acquisition fits into Siemens fire safety portfolio. Transaction Details Siemens Smart Infrastructure has agreed […]
In today’s complex commercial real estate landscape, energy management has become a critical focus for asset managers, property managers, and facilities managers. As urbanization accelerates, energy demand grows, and the energy market becomes more volatile, optimizing energy use is no longer just about lowering costs, it has become a key factor in achieving sustainability, resource […]
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