Smart Buildings

Overview of Q1 2021 Acquisitions in the Smart Buildings Space

This article was written by Daphne Tomlinson, Senior Research Associate at Memoori. In the first quarter of 2021, Memoori recorded 58 acquisitions in the Smart Buildings space, continuing the trend in the acquisition of IoT technology to enhance the workplace experience of building occupants and to sense, control, visualize, monitor and predict a range of operational parameters to improve building performance. This article provides a snapshot of some of the notable acquisitions in the building automation, IoT, proptech and smart home sectors during the quarter. In the smart buildings space, we have already seen 6 VC-backed companies going public via SPAC this quarter, confirming our previous supposition that this route will provide alternative exit opportunities for companies in the smart buildings space. PropTech and Workplace Management Software Building Engines, a provider of building operations software for commercial real estate (CRE), announced its acquisition of Ravti, a proptech startup founded in 2012. The company’s software manages […]

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