Funding
Investors Continue Backing of AI Video Surveillance for Safety & Security in 2024
March 5th, 2024Funding for AI HVAC Optimization Startups Continues into 2024
February 16th, 2024
Investment in the Smart Buildings Space Declined 26% in 2023
This Research Note highlights our analysis of investment levels raised by smart buildings startups and established players in 2023 from venture capital firms, private equity and strategic investors. We review investment in the smart buildings space in the context of the broader proptech sector, assess funding for startup companies, the role of corporate investors and […]
Budderfly Energy Efficiency as a Service Business Examined
In this Research Note, we examine Budderfly, the US Energy Efficiency-as-a-Service (EEaaS) company focused on Small and Medium-sized Enterprises (SMEs) and franchise businesses. This analysis covers their business model, funding, majority ownership, growth and outlook for 2024. Founded in 2007 and headquartered in Shelton, Connecticut, Budderfly implements proprietary energy intelligence software, energy-efficient technology upgrades that […]
The Distributed Energy Management Startup Landscape
Building Energy Management is a broad category encompassing energy management software and hardware, energy efficiency services and sustainability and carbon management solutions for buildings. It also includes the technologies involved in creating grid-interactive buildings, such as demand response, virtual power plants, distributed energy management and behind-the-meter energy storage solutions. Within that space, a software category […]
Edge-to-Cloud Platforms for Smart Buildings Gain Investment
In this Research Note, we examine recent investments by building automation players and IT vendors in startups developing edge-to-cloud platforms, which are regarded as critical technology for smart autonomous buildings. In January 2022, Johnson Controls completed the acquisition of FogHorn, a developer of edge-to-cloud AI software for industrial and commercial Internet of Things (IoT) solutions. […]
UrbanVolt Enables SME Market to Benefit from Energy Efficiency-as-a-Service
In this Research Note, we examine UrbanVolt, a clean energy partner for small to medium-sized commercial and industrial businesses that specialises in the provision of energy-efficient lighting and solar panels, without the burden of upfront costs. Founded in 2015 in Dublin, Irish Republic, UrbanVolt gained an early foothold in the LED Lighting-as-a-Service sector. Instead of […]
The Renewable Energy Management Startup Landscape
If our buildings were 100% powered by renewable energy then there would be no reason for energy efficiency, BUT achieving 100% renewable energy-powered buildings will be easier if those buildings are energy efficient. These are the two sides of the sustainability discussion around building operations but, more often than not, energy efficiency takes center stage […]
Water Management Maintains a Steady Flow of Funding
While energy management gets the majority of attention in the building operations space, water is also a fundamental resource for facilities that require advanced management for efficiency and sustainability measures. However, the wide availability and low cost of water has held back the development of water management in buildings, both from a facility management and […]
US Smart Lighting Solution Provider Igor Tech Closes Down
This Research Note examines the closure of Igor Inc, the smart lighting solution provider. Founded in 2013, West Des Moines, Iowa-based Igor Inc., was the provider of Nexos, a Power-over-Ethernet (PoE) based IoT smart building platform that incorporated hardware, software and cloud analytics to enable smart buildings. The platform was positioned to enable non-electricians to […]
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