Investment in Smart Building Companies Totaled $5.4 Billion in 2019, Highlights Memoori Research
Summary
Of the 970 investments over the past three years, 54% were to companies located in North America, reflecting the comparative ease with which firms based in the USA and Canada can gain funding. The data in Memoori’s new report reveals an unprecedented rise in global investment since 2017, which is confirmation of a shift in the slowly evolving smart buildings space. With the number of funding rounds rising to over 300 per annum, the heightened level of activity maintained over the last three years is a significant indicator of the growing acceptance and adoption of intelligent building technology. It shows increased confidence by investors in the sector and indicates the positive response startups and established players are receiving for their products and services in the smart buildings marketplace. For more information, visit; https://memoori.com/portfolio/ma-and-investments-in-smart-buildings-h2-2019/ Memoori is an independent research organization offering advice on technology in smart buildings to companies across the value chain.