Commercial Buildings
learnd’s Strategic €48.5M Management Buyout Signals New Growth Phase
September 26th, 2025Build an AI Agent for Employee Onboarding in Smart Buildings!
September 25th, 2025
Podcast 39: The Reality of PropTech Startups!
In episode 39 of Sh*t You Wish Your Building Did, we dive deep into the unvarnished realities of running a PropTech startup with Michael Grant, founder of Metrikus and co-creator of Smart Building Bootcamp. Michael shares hard-earned insights from 6 years in the trenches, covering everything from the brutal truth about fundraising in 2025 to […]
Emcor’s Consistent Building Services Growth Despite 2024 Market Challenges
In this Research Note, we examine EMCOR, one of the largest mechanical and electrical contractors in the United States and its building services business, which accounts for 24% of the group’s 2024 revenues of $14.6 billion. Based on their 2024 Annual Report and Corporate Overview Presentation, this analysis covers the Building Services financial highlights for […]
Facilio’s Unified Building Operations Strategy: Solid Revenue Growth in 2024
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 […]
Noda’s Strategic Pivot from Infogrid Continues: Comprehensive 2025 Review
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 […]
dormakaba Unveils Big North American Push: CHF 1 Billion Goal by 2028
This Research Note examines one of the top three companies in the global access solutions market, dormakaba. Based on their FY2024/2025 financial results, year ending 30 June 2025, and investor presentation, we summarize their financial highlights and explore their North American growth strategy and business model change for access control products. Previously, we covered their […]
Acquisitions Up, Investment Down: Is there a 2025 Smart Building Startup Reality Check?
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 […]
Equans Reports Strong €19.2 Billion Revenue Performance
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 […]
Vertiv Enhances IoT Platform with Strategic 2025 Waylay Acquisition
This Research Note examines what’s behind the Vertiv acquisition of Waylay, a Belgian startup offering an IoT orchestration platform. We highlight the transaction details, strategic rationale, Waylay profile, and Vertiv’s product and services portfolio before providing a Memoori view of the technology acquired. Transaction Details and Strategic Rationale In August 2025, Vertiv Holdings, a vendor […]
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