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In this Research Note, we examine the CXApp workplace experience business and 2024 financials, based on their 10-K Report, SEC filings, and investor presentation, dated 3rd April 2025. CXApp Profile In March 2023, KINS Technology Group Inc, a special purpose acquisition corporation sponsored by KINS Capital LLC, announced the successful completion of its previously announced business combination with CXApp Holding Corp. Memoori analysed this move in our Research Note entitled Smart Building SPAC Trend Continues with Hybrid Work Play CXApp. The company is focused on developing enterprise workplace apps built on customer experience (CX) and artificial intelligence (AI). Their CXAI SaaS platform is claimed to be the most advanced technology solution “solving the biggest post-pandemic problems in the workplace” – the Return to Office (RTO) and Employee Engagement. CXApp’s customers include major Fortune 1000 Global Companies in the technology, financial services, consumer, healthcare, and media entertainment verticals. Founded in 2022 and headquartered in the SF […]

As commercial buildings transform into responsive, data-driven environments, IoT platforms have emerged as the critical orchestration layer connecting previously isolated systems into unified networks. Our new report, “IoT Platforms in Smart Commercial Buildings 2025 to 2030,” delivers actionable intelligence on this rapidly evolving ecosystem. Market Growth Accelerated by Converging Drivers The total global market for […]

In this Research Note, we examine what’s behind the launch of Legrand’s Wattstopper i3 platform, “a next-generation lighting and building intelligence solution” powered by KODE Labs, announced on 5th May 2025. We explore the development of Wattstopper digital solutions, strengthened by the Encelium acquisition, before commenting on the respective partners in this collaboration and the market for Building IoT platforms. Legrand Wattstopper Wattstopper, a product line of Legrand, offers energy-efficient lighting controls and solutions for commercial and residential applications.  The brand is part of Legrand’s Lighting and Building Control Systems division, serving North and Central America, which also includes the Vantage and Shading Systems product lines. Commercial products include digital lighting management both wired and wireless, human-centric lighting, lighting control panels, occupancy sensors, daylighting controls, plug load controls, and dimming controls. Digital Lighting Management (DLM) is Wattstopper’s long standing IoT centric offering which has been around since at least 2013 providing control infrastructure at every […]

This Research Note examines the digital service offerings of Otis, the world’s leading elevator and escalator manufacturing, installation and service company.  We highlight the group’s strategic initiatives in digitalization, including the ONE IoT platform. This article is based on their Investor Day presentation, 2024 Annual Report, an interview with Judy Marks, CEO, 18th April 2025, and additional research. Otis Profile Otis Worldwide Corporation, an independent publicly traded company, was spun off from United Technologies in 2020 after investors pushed for the breakup of the conglomerate following the persistent underperformance of the parent company’s stock.  Five years later, however, shares in the company have roughly doubled, narrowly beating the S&P 500 index and far outpacing listed rivals Schindler and Kone. Headquartered in Connecticut, USA, Otis has a global workforce of 72,000 people, including 44,000 field professionals. The group’s service business accounts for 62% of their 2024 $14.3 billion revenues and maintains more than one in 10 […]

Are AI agents about to transform how our buildings work? In this conversation with smart building expert Elisa Rönkä, we explore how agentic AI could revolutionize the PropTech ecosystem. This isn’t just another AI hype video — it’s a practical discussion about how the smart building industry might navigate a huge transformation in technology. We […]