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The Artificial Intelligence Market in Commercial Buildings
March 7th, 2024More Consolidation in Workplace Analytics as Tango Acquires Locatee
March 6th, 2024
Investors Continue Backing of AI Video Surveillance for Safety & Security in 2024
Last week, AI video analytics safety solution provider Intenseye Inc. closed a $64 million in a Series B investment. On the same day, February 27th, another AI video provider, Rhombus, secured over $43 million via funding and financing. The two deals shine a light on an AI segment that is standing out within a steadily growing security market. “The video surveillance market has seen a major surge in the adoption of AI-enabled cameras capable of edge processing over the past 2-3 years,” according to our latest video surveillance research, which forecasts the percentage of network security cameras shipped with built-in AI capabilities to rise steadily from around 18% in 2022 to over 50% by 2028. Intenseye: Funding for Workplace Safety AI Video Istanbul-born and New York-based Intenseye provides its customers with greater visibility into unseen hazards, ergonomic risk factors, and leading indicator data that precede dangerous situations in the workplace using AI-enabled computer vision. Intenseye […]
learnd BMS Integration Business & Growth Strategy Examined
learnd, a UK-based BMS integrator, announced two acquisitions in February 2024 – Ashdown Controls in Ireland and BG Energy Solutions in the UK. This Research Note highlights the buy and build strategy of learnd SE, a Luxembourg public company, since the completion of their SPAC listing in January 2023 and their mission to become the leading energy management provider throughout Europe. Learnd Update, December 2023, 2nd January 2024 learnd Business Model Founded in 2020, learnd Group provides a number of solutions businesses that provide design, installation, service, and maintenance in respect of Building Management Systems (BMS) and Building Energy Management Systems (BEMS). A wide range of solutions are offered from manufacturers such as Trend, Siemens, Schneider Electric and Tridium. The business model enables the group to pursue a strategy of providing data for their customers to manage their energy usage on their open data platforms as well as providing delivery and monitoring services. They claim […]
Kieback&Peter Building Automation Business & Financials Examined
In this Research Note, we examine Kieback&Peter, one of the long-established German manufacturers and systems integrators of building automation solutions and services. This analysis is based on their December 2023 filing of their 2022 company accounts and more recent announcements. Kieback&Peter GmbH & Co. KG was founded in 1927 in Berlin, Germany. This family-owned medium-sized company now reports 50 locations worldwide and 1,600 employees. The Group’s most important market is in Germany which accounted for 84% of revenues in 2022. Kieback&Peter Product Portfolio The company’s portfolio ranges from software such as Qanteon, an integrated building and energy management system available as an on-premise or cloud solution to hardware manufactured in Germany such as controllers, actuators and sensors. They also offer a CO₂ Reduction Roadmap, which is a package of solutions for reducing CO₂ emissions in buildings within three months, based on up to nine standardized modules. The latest component of the CO₂ Reduction Roadmap launched […]
“Open Sesame” Exploring Alibaba’s Smart Building Approach
Initially launched in 1999 as an online marketplace for Chinese-made products, The Alibaba Group has gone on to become one of the biggest companies in the world with a market cap of over $210 billion. While online retail remains Alibaba’s core service offering, the firm has expanded into a huge range of activities, including comprehensive cloud services for smart buildings. In this research note, we examine Alibaba’s cloud-based approach to the smart buildings and cities markets, how it sits in the global cloud market, and what it has done to drive smart building policies in its own large real estate portfolio. Alibaba’s Smart Buildings & Campus Alibaba has committed to becoming carbon neutral by 2030, vowing to reduce carbon emissions by 1.5 gigatons. Since 2020, the Hangzhou-based firm has taken significant measures to drive innovative technologies and green approaches across its established campuses and new buildings. Responsibility for Alibaba’s real estate portfolio falls on the […]
Allegion Access Control Business & Financials 2023 Examined
In this Research Note, we examine Allegion plc, a pure-play provider of security and access solutions. Our analysis is based on their 2023 annual results, presentation, earnings call and 10K Report. We highlight growth in electronic security products, software and corporate venture capital investments in 2023. Note that we reviewed Allegion’s May 2023 Investor Day presentation in our previous article last year. Allegion, a US public company, headquartered in Ireland is the standalone business formed in 2013 from the former commercial and residential security businesses of Ingersoll Rand. The group is predominantly focused on mechanical security products and systems, which are currently undergoing digital transformation in their core access control, door and locking systems businesses. Allegion reports approximately 12,400 employees worldwide. Allegion 2023 Financials Full-year 2023 net revenues of $3.65 billion increased 11.6%, compared with the prior year. Net revenues increased 5.2% on an organic basis, excluding impacts of acquisitions, divestitures and foreign currency movements. […]
KODE Labs Smart Buildings Business Examined
In this Research Note, we examine the smart buildings business of KODE Labs, a Detroit-based real estate technology startup founded in 2017. The developer of the KODE OS smart building operating system has featured in Memoori Startups Reports over the last two editions as a company gaining traction. We review its product portfolio, funding, deployments and growth in this article. KODE Labs Product Portfolio KODE’s vendor-agnostic and open enterprise-level operating system collects live data into a single pane of glass for operations to visualize, schedule, and coordinate in real time enabling smart scheduling, predictive analysis, and energy optimizations. KODE OS also serves as the centralized data platform that integrates all other IoT devices, allowing for data flow between various systems as required to best optimize building operations. The platform normalizes all the data collected from different sources, as well as validating and making it ready to be used in enabling over 200 use cases. Funding […]
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