Archives

In our Podcast series “Sh*t You Wish Your Building Did!”, Memoori explores the intersection between technology and commercial buildings through interesting conversations. For Episode 29, we were joined by Brahm Lategan, Smart Building Consultant at MiX. We dived into the world of Commercial IoT Building Data. Why are data integration problems in commercial buildings so […]

Here is the recording and presentation from our live stream with Jonathan McFarlane from PlaceOS discussing how AI Large Language Models (LLMs) will change the way we interact with our buildings. The future of building system user interfaces is not dashboards! Artificial Intelligence, and specifically LLMs, will change commercial building system interactions from “point & […]

In this Research Note, we examine what’s behind the Costar acquisition of Matterport, the US digital twin business founded in 2011. This analysis is based on Matterport’s investor presentation 20th February 2024, 10K Annual Reports, and recent press releases. CoStar Business Founded in 1987, CoStar Group is a $2.5 billion revenue company, operating some of the most widely recognized real estate information solutions and online property marketplaces including Apartments.com, LoopNet, CoStar, and Homes.com, all of which feature Matterport’s 3D virtual tours. CoStar Group was one of the first adopters of Matterport’s technology. It currently has almost 300,000 Matterport digital twins available in the CoStar information product and online property marketplaces. Matterport Transaction Details CoStar Group will acquire all outstanding shares of Matterport in a cash and stock transaction valued at $5.50 per share (Matterport’s share price reached a high of $27.86 in November 2021), representing an equity value of approximately $2.1 billion and an enterprise […]

The artificial intelligence (AI) landscape in commercial buildings is rapidly evolving. Significant growth in the number and size of companies offering AI-enabled products and services in commercial real estate has been growing around the world in recent years. The private sector has seen a sharp rise in AI development and with that, the number of commercial building use cases has mushroomed. The market for AI in commercial buildings is now starting to take shape, as outlined by our latest competitive landscape study. Our research identified 361 companies offering AI and machine learning solutions for commercial buildings, a 42% increase from the 255 companies revealed in our 2021 study. Hosting 173 of those companies, the Americas region accounts for almost half (47.9%) of the market, largely from the US, which alone represents 44% of the global total with 159 AI companies. “US dominance can be attributed to several factors, including a mature and extensive commercial real […]

This Research Note examines the wireless IoT business of LumenRadio AB, a Swedish public company listed on Nasdaq First North Growth market since 8th December 2022. We focus on the company’s product portfolio, OEM customers, acquisitions, and 2023 financial highlights, based on LumenRadio’s IPO prospectus, its Year-End Report 2023, and recent press releases. Founded in 2008 and headquartered in Gothenburg, Sweden, with sales offices in Germany, the US, and Norway, the company has approximately 75 employees. LumenRadio currently offers solutions within two business areas: Lighting & Smart Cities (L&SC) and Building & Infrastructure Control Systems (B&ICS). During 2023, the L&SC business area accounted for 76.5% of sales, while B&ICS accounted for 23.5%. LumenRadio Product Portfolio LumenRadio provides wireless product-to-product connections for mission-critical Internet of Things applications. Their scalable solutions are based on patented wireless technology for lighting control, building automation and industrial communication. The company offers its technology in three different packages: 1) stand-alone end […]