Investments
Astrikos.ai: Gorilla’s 2025 Investment Signals Smart City Growth
February 4th, 2026Trane Technologies Deployed $720m in M&A & Investments in 2025
January 30th, 2026
Startup Formation Collapses While Acquisition Activity Hits New High!
Something fundamental has shifted in the smart building startup landscape. Our new report, Startups in Smart Buildings 2026, reveals an ecosystem that has moved decisively from creation to consolidation. We identified only 11 new startups founded in 2025, and there has been a steady decline from the peak of 195 in 2016. At the same […]
Clockworks Analytics Secures $15M Growth Investment: Update on AI & Expansion
In this Research Note, we examine Clockworks Analytics, the US provider of building analytics software. This article covers the development and growth of the company, their recent growth equity investment and prior funding rounds, clients and partnerships, and how the company currently uses AI, updating our previous Research Note in October 2023. Clockworks Analytics Profile […]
51WORLD IPO: China’s Largest Digital Twin Company Raises $84m
This Research Note examines 51WORLD, a Chinese digital twin company that listed on the Hong Kong Stock Exchange in December 2025. We highlight key transaction details, financial disclosures, and strategy from the IPO prospectus and provide a Memoori view on the startup. Transaction Details Net proceeds from the global offering amounted to approximately HK$653 million […]
Access Control Market 2025: Shifting to Software-Defined Ecosystems
The physical access control (PACS) market is continuing its transformation from a hardware-centric business focused on locks, card readers, and control panels to a software-driven ecosystem. Cloud platforms, mobile credentials, and artificial intelligence are redefining how organizations manage security, workplace operations, and building intelligence. This transformation represents both significant opportunities and competitive threats across the […]
Kieback&Peter’s 2025 Minority Investment from Trane Strengthens their European Position
This Research Note examines the recent announcement by Trane Technologies to acquire a minority stake in Kieback&Peter. We highlight the transaction details, the target firm profile, and financials before assessing the strategic rationale of the acquisition. Transaction Details On 22nd October 2025, Trane Technologies announced a definitive agreement with Kieback&Peter Group (K&P), a European leader in […]
Salto Systems Accelerates Beyond Access Control: 4 Strategic Investments
In this Research Note, we examine the Salto Systems business, based on their 2024 revenues and milestones, product innovation and strategic minority investments in 2024 and 2025. Founded in 2001 and headquartered in Oiartzun, Spain, Salto Systems is one of the market leaders in electronic locking and access control solutions across a broad range of […]
Neeve’s Edge-Cloud Platform: Key Metrics & Growth 2025
This Research Note examines Neeve, the US startup offering an edge-cloud platform designed to enhance smart building operations by integrating operational technology (OT) systems into secure, connected environments. We highlight its founding as IoTium, before exploring its current offering, deployments, funding and partners, concluding with our view of the business. Neeve Profile Founded in 2015 […]
icetana Secures $3.6M SoftBank Partnership: 2025 Financial Analysis and Growth Strategy
This Research Note examines the Australian listed company, icetana AI, based on its latest financial results year ending 30 June 2025 and its deployments, strategic investments and regional growth opportunities over the past three years. icetana AI Profile Founded in 2009, icetana AI is a small software as a service (SaaS) company specializing in AI-assisted […]
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