Building Decarbonization

Nearly 10 years after the merger between Johnson Controls and Tyco in 2016, the $16.5 billion deal stands as one of the most significant consolidation moves in the building technologies sector. Today, with the benefit of hindsight and financial data, we can evaluate whether this mega-merger achieved its ambitious objectives. The 2016 merger created a […]

This Research Note examines Facilio, one of 11 startups founded in India gaining traction in the smart buildings space, previously highlighted in our Startups in Smart Buildings Report, published in January 2025. We review their Operations & Maintenance (O&M) platform, disclosed company funding, and unified building operations strategy before providing our own view of this […]

Last week’s live stream provided a comprehensive analysis of the smart building startup ecosystem, focusing on investment trends, acquisition activity, and market dynamics for the first half of 2025. The session covered key data insights, market consolidation patterns, and strategic considerations for companies operating in the commercial building technology space. In this research note, you […]

This Research Note examines Equans, a €19.2 billion business unit of Bouyges group, which offers a wide range of multi-technical services that contribute to increasing the overall performance of buildings.  We review their building services portfolio and 2024 revenues before highlighting Equans Digital activities in the smart buildings space. This article updates our previous coverage of […]

This Research Note examines notable funding trends in the smart building startups landscape in H1 2025.  This article is based on research for our recently published Startups in Smart Buildings Report.  We highlight the major segment which received most investments, the increases in average size of funding rounds and notable strategic buyers who invested in […]

In this Research Note, we examine Daikin, the Japanese headquartered air conditioning manufacturer and the group’s North American strategy to strengthen its HVAC equipment and controls business for commercial and industrial buildings. Our article is based on their FY 2024 results, published 8th May 2025, investor presentations, press releases, and Memoori analysis.  It updates our […]

The smart building startups ecosystem could be experiencing a point of inflection. While venture capital funding has cooled by 13% in the first half of 2025, merger and acquisition activity has exploded by over 60%, signaling a maturing market where consolidation trumps speculation. Our latest comprehensive analysis of 1,266 startups founded since 2014 reveals a […]