Commercial Buildings
Investment in AI Construction Startups Doubles to $616M in H1 2026
July 17th, 2026Albireo Energy Reports 13% Service Revenue Growth & PASCO Deal
July 13th, 2026
Smart Building Startups Rebound: Funding Jumps 71% in H1 2026
Smart building startups are back in favor with investors. In the first half of 2026, we tracked 169 funding rounds worth more than $5.3 billion flowing into young companies serving the commercial buildings sector. That represents a 71% jump in value compared with the same period last year, and 34% more deals. After three years […]
aedifion: HVAC Optimization StartUp Grows Revenue 86% in 2025
This Research Note examines aedifion, a German HVAC optimization startup, its growth in 2025/2026, and external funding before highlighting their recent collaboration with two other DACH smart building startups, Optiml and Green Fusion. This article updates our previous coverage of aedifion in April 2025. Aedifion Profile aedifion GmbH is a startup based in Cologne, Germany, […]
iLOQ 2025 Revenue Grows 17% to €150 Million
In this Research Note, we examine the Finnish digital locking innovator iLOQ, based on the financial statements of Capnor Weasel Bidco Oyj, iLOQ’s parent company, published 14th April 2026 and the 2025 iLOQ Annual Report. We review the group’s 2025 financial highlights, its regional performance in the Nordics, Central Europe, and North America, and the […]
LumenRadio: Lighting Soars 15.6% While Building Automation Slumps
This Research Note examines the wireless IoT business of LumenRadio AB, a Swedish public company listed on Nasdaq First North Growth market. We focus on the company’s 2025 financial highlights and business segment results, based on their Year-End Report 2025, published 27th March 2026, and Capital Markets Day presentation, 20th March 2026. LumenRadio Profile Founded […]
Asuene’s Expansion: 7 Deals Forging a Decarbonization Powerhouse
This Research Note examines Asuene, a Tokyo, Japan headquartered provider of a sustainability reporting platform, which has recently embarked on an international scaling strategy through acquisitions and regional hubs. Asuene Profile Founded in 2019 in Tokyo, Japan, Asuene Inc. has developed a CO2 visualization, reduction, and reporting cloud platform. The startup offers enterprise software coupled […]
JLL Spark: The $445m Venture Arm Shifting to AI & Data Center Infrastructure
This Research Note examines the technology strategy of JLL, the $26.1B global real estate services firm, investing in startups in the smart buildings space. We examine the investments of JLL Spark over the past 18 months and highlight their shift in focus, before commenting on their alignment with broader trends in the sector and how […]
Bosch Targets Small and Mid-Sized Buildings With SkyQ in 2026
This Research Note examines the strategy of Bosch Home Comfort Group in the smart commercial buildings market. We review the development of its light commercial portfolio for small and medium-sized buildings and its partnership with Hitachi for a suite of AI-powered building management solutions, before commenting on the overall offerings of the Bosch group in […]
Honeywell Technologies Sees Strong M&A Upside After 2026 Spin-Off
This Research Note examines the Building Automation business of Honeywell Technologies presented at their Investor Day on 11th June 2026. This article updates our previous commentary on Honeywell’s automation spinoff in October 2025 and their 2025 results in February 2026. Honeywell Technologies Simplified the portfolio into a pure-play automation leader, spinning off Aerospace and Advanced […]
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