The Building Internet of Things (BIoT) is expected to become one of the top 5 markets for the Internet of Things. It is still in its early formation stage but the investment that it has attracted to develop new products and apply leading edge technology shows that it has the backing of both leading technology companies and the investment business at large. Over the course of the last 4 years we have tracked a total of 114 investment deals relating to the BIoT with funding rounds ranging in value from $1 million to over $126 million. There is a strong correlation between the development of IoT (along Gartner’s hype curve) and an almost exponential rise in deal value year on year in the 5 years analyzed by this study. IoT is clearly not only a hot topic, but a hot investment opportunity; not only for VC’s but also for the various players across the supply […]