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This Research Note examines the wireless IoT business of LumenRadio AB, a Swedish public company listed on Nasdaq First North Growth market since 8th December 2022. We focus on the company’s product portfolio, OEM customers, acquisitions, and 2023 financial highlights, based on LumenRadio’s IPO prospectus, its Year-End Report 2023, and recent press releases. Founded in […]

Join us for a FREE live stream event on April 24th (1000 Paris | 0900 London | 1200 Dubai) with Jonathan McFarlane from PlaceOS discussing how Large Language Models (LLMs) will change the way we interact with our buildings. Spoiler Alert! The future of building system user interfaces is not dashboards! Artificial Intelligence, and specifically […]

In this Research Note, we explore the strategic direction of Nordomatic, the leading independent BMS systems integrator in Scandinavia. This Research Note examines the company’s strategic priorities in the smart commercial buildings space. through mapping M&A and investment activity to ascertain the growth ambitions of the business from 2019 to date. Founded in 1967 and headquartered in Stockholm, Nordomatic offers full life-cycle capabilities for its customers, from new project integrations, retrofits, and upgrades to aftermarket service and support. Its Building Management Systems solutions can integrate and manage a building’s heating/ cooling, lighting, access control, and security as well as fire control. The company also sells Ecopilot and Smart Heating intelligent systems – enabling building energy cost reductions of up to 40% and helping users to meet EU climate and energy goals. With 2023 revenues of approximately SEK 1,500 million (around EUR 130 million), 20 offices, over 30 service points in Scandinavia, UK and Benelux and a workforce […]

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 Fitzgerald, RXR Realty, and other investors. Under the slogan “your window to wellness,” View Inc. promised to make the skin of buildings intelligent. Their “Dynamic Glass” cut building energy consumption by as much as 20% by automatically tinting windows in response to solar radiation and indoor temperature levels, while also improving occupant health and wellness. While many maintain the technology at View Inc. is not the problem, something has gone wrong since the startup’s rapid rise. View Inc. The Glass Unicorn The California-based smart glass start-up was the talk of the industry when, in June 2017, the announced a $1.1 […]

Our new research is an in-depth analysis that maps out the global landscape of smart building AI companies, providing a clear picture of the market’s structure, and allowing the reader to assess the maturity and potential of various AI applications and identify vendors shaping the industry. Who are the key players shaping the future of […]