This Research Note takes an in-depth look at UK startup Noda’s filing of their 2024 company accounts, released on 30th July 2025, detailing the financial results of Information Grid Ltd. We also comment on strategic decisions made in 2024 and 2025, including a strategic pivot in their software portfolio and headcount reductions. This article updates our previous coverage of Infogrid in March 2025. Noda Profile Founded in 2018, Infogrid rebranded to Noda in December 2024, marking the unification of the acquisitions of Buildings IoT and Aquicore into a single organization. Noda aims to deliver enhanced data analytics, advanced AI capabilities, and automation solutions from a single platform that will enable the buildings sector to radically optimize operations, in line with pressures to strengthen asset values, overcome labour and resource constraints, and accelerate the transition to net zero carbon. In February 2025, four core modules comprising Noda Energy were launched, providing a comprehensive suite of energy […]
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