IPO
EnOcean: The Latest Smart Buildings Firm to Ride the SPAC Wave
November 24th, 2022SenseTime’s Artificial Intelligence Business Examined
November 3rd, 2022
Is the Failed tado Deal Another Nail in the SPAC Coffin?
Another month and another failed SPAC in the smart buildings industry, this time involving German smart thermostat provider, tado. Each special purpose acquisition company (SPAC) deal offers a different set of reasons for failure, but on the surface, the tado deal with GFJ ESG (the SPAC) appeared to have all the ingredients for success. Tado has […]
Charting Echelon’s Meandering Journey to EnOcean
In February 1988, in Palo Alto, California, a startup company was founded by Armas Clifford “Mike” Markkula Jr. the grandson of a Finnish immigrant to the US. That company, Echelon Technology, would go on to develop the LON protocol, and help pioneer the evolution of open standard networking platforms, making a big contribution to the IoT […]
Inpixon Indoor Intelligence Business & SPAC Examined
Inpixon, is a US Nasdaq listed analytics-focused smart building firm headquartered in Palo Alto California. The company’s indoor location data platform ingests a wide range of data from proprietary and third-party sensors that utilize the positions of active cellular, Wi-Fi, and Bluetooth devices in order to map spaces in real-time and provide actionable indoor intelligence. […]
Skyfii Occupancy Analytics Business and FY2022 Financials Examined
In this Research Note, we examine Skyfii, a Sydney-based Australian public company providing crowd analytics and occupancy management solutions to public venues and commercial properties. This analysis covers their latest financial results y/e 30 June 2022, vertical market focus, acquisitions and growth strategies. Skyfii completed an IPO (ASX: SKF) on the Australian Stock Exchange in 2014. The company positions itself as […]
SPACS: The 800-pound Gorilla in the PropTech Room
In the same week in July, two more special purpose acquisition company (SPAC) mergers in the smart building security space wrestled with this alternative IPO approach. First, Crown Proptech Acquisitions failed in their attempted merger with access control firm Brivo after the deadline passed before they were able to raise the funds required. Then, 5 […]
A Token Financing Option or the Future of Real Estate Development?
Earlier this month, Building 4 of the Upper Riverside Development in London’s Greenwich Peninsula district became the first real estate project in the city to be tokenized. Through the division of the building into digital tokens and the sale of those tokens, the Hong Kong based developer Knight Dragon expects to raise $1.67 million (£1.4 […]
View Smart Buildings Business and Financials Examined
In this Research Note, we examine View Inc. (NASDAQ: VIEW), a Silicon Valley-based smart window company founded in 2006. This analysis is based on their 2021 financial results, investor presentations, M&A and their smart buildings strategy. View, one of the most heavily funded firms in the smart buildings space, acquired unicorn status in November 2018 when it raised a $1.1 billion Series […]
Alarm.com Connected Property Business and Financials Examined
In this Research Note, we examine Alarm.com, a US provider of physical security, intelligent automation and energy management solutions for the smart home and commercial real estate. This analysis is based on their 2021 and Q1-2022 financial results, 10K Report, investor presentations, M&A and diversification strategy. Alarm.com, founded in 2000, became a public company in June 2015 on Nasdaq under […]
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