Smart buildings
iLOQ Digital Locking Business & 2023 Financials Examined
June 10th, 2024Funding for Physical Security Startups 2023 / 24
June 5th, 2024
ASSA ABLOY Global Technologies Division & 2023 Financials Examined
This Research Note examines the Global Technologies Division of ASSA ABLOY, the Swedish global access control group with the largest installed base of locks and different access solutions in the world. Our analysis is based on ASSA ABLOY’s 2023 Annual Report, their Capital Markets Day Presentation, 14th May 2024, and subsequent acquisitions in 2024. ASSA […]

What’s Behind Brainbox AI’s Acquisition of Turntide’s Automation Division?
This Research Note highlights the background to Brainbox AI’s acquisition of the Automation division of Turntide Technologies focusing on the development of both startups and the strategic rationale of the transaction. Brainbox AI BrainBox AI was founded in 2017 with the goal of redefining building automation through artificial intelligence to address the dilemma currently facing […]

Flowscape Workplace Management Business & 2023 Financials Examined
In this Research Note, we examine the Swedish workplace management solutions vendor, Flowscape Technology AB, based on their year-end report for 2023, issued on 21st February 2024, Q4-2023 presentation, and subsequent announcements on changes in senior management. The firm is a small SaaS provider of digital workplace solutions for the hybrid office. The business concept was […]

Energy Management Startups Dominate Funding in 2023-24
Our new research reveals key data on 284 funding rounds for startups, amounting to around $5.5 billion across the smart buildings sector in the 16 months since January 2023. And, with over $2 billion already invested in the first four months of 2024, we believe that the outlook for investment and alliances with new entrants […]

The Game-Changing Potential of Game Engines for Building Design
What would it mean for the real estate industry if we could visit our facilities before they’re built? If we could walk around a virtual building to better understand the space and test how various systems work in real-time, before making adjustments. If we could take owners and investors on a tour of their future […]

$5.5 Billion Invested in Smart Building Startups Since January 2023
The global smart buildings landscape is heavily populated with new entrants, according to our new research, which identified 1,221 startups founded in the last ten years that serve the management and operations phase of commercial real estate. In total 35% of startups have been acquired since 2013, and 6% are closed or inactive. Funding for […]

Azbil Building Automation Business & FY2023 Financials Examined
In this Research Note, we examine Azbil, a Japanese public company with a leading position in the domestic building automation market. The financial highlights and growth strategy analysis of the Building Automation business is based on their FY2023 annual results, year ending 31st March 2024, Annual Report 2023, and investor presentations. Azbil Building Automation Financial […]

MapMortar Examined: The Google Maps for Zero Carbon Building Retrofits
This Research Note examines an early-stage UK startup, MapMortar which has developed a retrofit twin platform designed to help large commercial real estate portfolio owners and asset managers model and simulate portfolio decarbonization to plan, manage, and execute retrofitting at scale. Founded in 2022 as Mortar.io, the startup changed its name to MapMortar, headquartered in […]