We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. By clicking “Accept All”, you consent to the use of ALL the cookies. If you do not accept cookies, some functionality of this site may be limited
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 […]
Stay ahead of the pack
with the latest independent smart building research and thought leadership.
Several smart building startups will trial energy efficiency, HVAC optimization, and energy storage technology across Amazon fulfillment centers and warehouses in Europe after winning funding in this year’s Amazon Sustainability Accelerator (ASA). The 2024 ClimateTech Pilot Challenge has welcomed startups that have moved beyond prototype testing and are working towards generating initial revenue and growing […]
This Research Note examines what’s behind the acquisition of Danfoss Fire Safety A/S by Siemens Smart Infrastructure announced on 8th October 2024. We review the transaction details, the strategic rationale, the SEM-SAFE fire protection system, and deployments before assessing how this acquisition fits into Siemens fire safety portfolio. Transaction Details Siemens Smart Infrastructure has agreed […]
In today’s complex commercial real estate landscape, energy management has become a critical focus for asset managers, property managers, and facilities managers. As urbanization accelerates, energy demand grows, and the energy market becomes more volatile, optimizing energy use is no longer just about lowering costs, it has become a key factor in achieving sustainability, resource […]
Subscribe to the Newsletter & get all our Articles & Research Delivered Straight to your Inbox.
We could not sign you up to the newsletter. An error occured: {{message}}.
We've signed you up!
