Venture Capital

Smart Buildings

$5.5 Billion Invested in Smart Building Startups Since January 2023

May 22nd, 2024
Complimentary Article
Energy

MapMortar Examined: The Google Maps for Zero Carbon Building Retrofits

May 20th, 2024
AI in Commercial Buildings
Smart Buildings

Major Players Put Their Weight Behind AI in Commercial Buildings

The development of artificial intelligence (AI) in commercial buildings is far-reaching, leading to a broad adoption landscape. The strategic positioning of key players in the AI market for commercial buildings is a critical aspect of understanding the current landscape and the future potential of AI. “Many large building automation firms are at the forefront of […]

View Inc. Glass Unicorn Bankruptcy
Smart Buildings

Breaking the Glass Unicorn: View Inc. Files for Bankruptcy

The “first smart building unicorn” has gone bankrupt. After receiving numerous warnings from NASDAQ that it could be delisted, View Inc. admitted it doesn’t have enough money to operate publicly beyond September. Last week, the company announced it would file for Chapter 11 bankruptcy and continue operations under private ownership via an agreement with Cantor […]

Infogrid Acquicore Lawsuit
Smart Buildings

Infogrid Faces Lawsuit over 2022 Acquisition of Aquicore

Established in 2018, UK-based smart building firm Infogrid quickly made a splash in the market, picking up a range of high-value customers including banks, supermarkets, and restaurant chains, as well as the UK’s National Health Service (NHS) during the peak of the global pandemic. The firm has attracted $135.5m in investment (including debt financing) from […]

HVAC Optimization Software Startups
Energy

Funding for AI HVAC Optimization Startups Continues into 2024

Heating and cooling represents over half of building energy consumption. Therefore, the optimization of heating, ventilation, and air conditioning (HVAC) systems has long been a key component of the smart building vision. While there have been significant efficiency gains from smart technology in recent decades, it has become clear that increased optimization of complex and […]

Budderfly Energy Efficiency
Energy

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 […]

Smart Thermostats viboo vilisto
Smart Buildings

2 European Startups Targeting Self-Learning Thermostats for Light Commercial Buildings

This Research Note examines 2 European startups targeting smarter self-learning thermostat hardware and software solutions for light commercial and public buildings: vilisto based in Hamburg, Germany and viboo based in Zurich, Switzerland. Vilisto Thermostats Vilisto GmbH, founded in 2016, is the manufacturer of self-learning radiator thermostats for office buildings. The company’s offering focuses on a […]

Clockworks Analytics FDD
Smart Buildings

Clockworks Analytics Fault Detection and Diagnostics Business Examined

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, channel partnerships and funding rounds through to Series E in August 2023, supported by Schneider Electric, their long-standing strategic investor and partner. Formerly known as KGS Buildings, the company was […]

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