Over the last three years, BuildingIQ has had a turbulent time, which came to a head in September 2022, when it was delisted from the Australian Stock Exchange. At its peak in FY 2018, BuildingIQ reported around USD $5 million in revenues for its energy management software deployed in 1,265 buildings. BuildingIQ offered a BIoT cloud-based platform designed to improve the energy efficiency of large, complex buildings with a five-pillar approach of data capture analysis, advanced modelling, measurement and verification, closed-loop predictive control and expert human analysis. Founded in Sydney, Australia in 2009, BuildingIQ became a listed company on the Australian Stock Exchange in December 2015. Total venture capital raised prior to the IPO amounted to around $23 million, with corporate investors including Siemens and Schneider Electric. Trouble began in 2020, with the announcement of poor 2019 financial results showing a loss of revenues and spiralling operating losses.  A 14% decrease in revenues from ordinary activities to […]