Smart building is a hot topic and will be at the center of future real estate, a $217 trillion giant industry.
So what is the core segments of smart building? This blog will provide a roundup of startups in the data + management space.
Comfy (developed by Building Robotics)
Probably most famous for its collaboration with WeWork in 2016, Comfy is an app that lets users to adjust the temperature, lights etc. in the office from smartphones.
Plus a data analysis and insights tool for office managers.
The company was founded in 2012, raised Seed & Series A from Claremont Creek Ventures and other investors including the Westly Group. In 2016, shortly before the WeWork collaboration, a Series B of $12 million was raised. Then in 2018, Building Robotics was acquired by Siemens (in a series of acquisitions) for an undisclosed amount.
Euclid
Euclid is a leading spatial-analytics platform based in San Francisco. With fundings from NEA, Benchmark and other investors, It has built a proprietary analytic offering that uses WiFi signals to understand how space is used without the installation of any additional hardware. It can track the identity and behavior of people in the physical world.
In Feb 2019 (a few days ago), Euclid was acquired by WeWork (“The We Company”). The blog post from The We Company.
Teem
A maker of office management software, Teem was acquired by WeWork in Sep 2018 for around $100 million. Teem has grown from a conference room management tool to include office space management, (office) room display, visitor management, etc.
BuildingIQ
An energy-efficiency focused startup, BuildingIQ listed on Australian Securities Exchang and raised A$20 million in 2015, with an IPO marketcap of A$85 million.
Back in 2013, it raised $9 million from Aster Capital (backed by Schneider
Electric, Alstom and Solvay), the Venture Capital unit of Siemens Financial Services (SFS VC) and Paladin Capital.
In 2018, BuildingIQ acquired Buildingsense, another building data analysis company in Australia.
Flywheel
Formerly known as SCIenergy, Flywheel is a maintenance (task) & energy management startup based in Dallas. Invested by DFJ, Flywheel raised its latest round in 2014 by a group of energy focused funds, led by Braemar Energy Ventures and joined by the Westly Group and others.
Consolidation is coming faster than most could imagine…