Memoori Startups and Their Impact on Smart Buildings 2019 ... · Fig 6.3 Examples of Investors from...
Transcript of Memoori Startups and Their Impact on Smart Buildings 2019 ... · Fig 6.3 Examples of Investors from...
Published: Q1 2019
SMART BUILDINGS
Startups and Their Impacton Smart Buildings 2019A Comprehensive Evaluation of StartupCompanies in the Smart Building Space
StartUpsinSmartBuildings2019
SynopsisThisreporthelpsallstakeholdersandinvestorstoassesstheimpactandrangeofStartupsinallgrowthsectorsoftheSmartBuildingsSpaceandtoidentifybusinessopportunitiesthroughstrategicalliances,fundingandM&A.
©2019MeemooriResearchAB
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Introduction
ThisReportisaNew2019DefinitiveResourceforEvaluatingStartupCompaniesintheSmart
Buildingsspace.
Memoorihasidentified482privatecompaniesfoundedbetween2009and2018inthesmartbuildingssector,whichcomplywithourdefinitionofbeingaStartup(Seebelow).InadditiontothisMemooriidentified109startupsthatbeenacquiredand13firmsthatfiledforanIPOsince2009,amountingtoover600activenewentrantsinthesmartcommercialbuildingssector.
2018hasprovedtobearecordyearforinvestmentintheglobalsmartbuildingssector,withover$2.4billioninvestedinstartups;showingincreasedconfidencebyinvestorsinthesectorandindicatingthepositiveresponsecompaniesarereceivingfortheirproductsandservicesinthemarket.
OurdefinitionofaStartupis"Aprivatecompanyformednoearlierthan2009thatisfocusedon
thecommercialandindustrialbuildingsmarket,isnotasubsidiaryoranacquisitionofalarger
companyandisoftenfinancedbyventurecapitalorprivateequityfunding."
What This Report Will Tell You Withinits255Pagesand64ChartsandTables,TheReportSievesoutalltheKeyFactsandDrawsConclusions,soyoucanunderstandhowStartupCompaniesareShapingtheFutureoftheSmartBuildingIndustry.
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ThefirstUnicorninthesmartbuildingsspacewascreatedbythemassive$1.1billioninvestmentinViewGlassbySoftbankVisionFund.EvendiscountingtheViewinvestment,2018attractedtotalfundingofover$1.3billioninthecommercialandindustrialbuildingsspace,stillarecordlevelof
investmenttodate.
Thenumberoffundingroundshasrisento184in2018.Thecapitalinvestedintheglobalsmartbuildingssectorhasincreasedmorethan6timessince2012withthesectorattractingaround$6.8billionduringthisperiod.
Weidentified109acquisitionsofstartupcompaniesoverthelast7years.2018accountedforover37%oftheseemergingplayerdealsconfirmingtheconsolidationtrendandincreasingrecognitionbypotentialacquirersofthebenefitsofclosercollaborationwithstartups.
TheinformationandanalysisinthisreportisbasedonresearchandinterviewswithemergingplayersintheSmartBuildingSpace.ItbenefitsfromMemoori’spreviousreportsoverthelast2yearsonsubjectssuchastheBuildingInternetofThings(BIoT),BigData,SecurityandOccupancyAnalytics.
ItdemonstratesthecriticalcontributionthatStartupsaremakingtotheintroductionofinnovationintheSmartBuildingsspace.
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Table of Contents Preface
ExecutiveSummary
1.Introduction,ScopeandDefinitions
1.1Introduction
1.2ScopeandDefinitions
1.3FocusandCategorizationofStartups
2.OverviewofNewEntrants
2.1DistributionofStartupCompaniesbyPrimaryCategory
2.2DistributionofStartupCompaniesbyRegion
3.SmartBuildingApplications
3.1TheBuildingInternetofThings(BIoT)
3.1.1Platforms
3.1.2EnablementHardwareandNetworking&Connectivity
3.1.3SmartLighting
3.1.4CyberSecurity
3.2BuildingEnergyManagement
3.2.1ApplicationLayer
3.2.2AnalyticsLayer
3.2.3EnergyServices
3.3Proptech
3.3.1TheInfluenceofPropTechontheSmartBuildingsSpace
3.3.2WorkplaceManagementandSpaceUtilization
3.3.3IndoorMapping,LocationServicesandPeopleCounting
3.3.4AssetandMaintenanceManagement
3.3.5OccupantEngagementPlatforms
3.3.6BIMandDigitizationofBuildings
3.3.7SmartWaterManagement
3.3.8DataCenterInfrastructureManagement(DCIM)
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3.3.9Drones&Robotics
3.4BuildingtoGrid(B2G)
3.4.1DistributedEnergyStorage
3.4.2DistributedEnergyResourceManagementSystems(DERMS)
3.4.3Microgrids
3.4.4DemandResponse
3.4.5VirtualPowerPlants(VPP)
3.5PhysicalSecurity
3.5.1AccessControl,PerimeterProtectionandPIAM
3.5.2ElectronicLocking
3.5.3VideoSurveillance,VideoManagementSoftwareandVideoAnalytics
3.5.4BiometricsandFacialRecognition
3.5.5MassNotificationandCriticalIncidentManagement
3.5.6Drones&Robotics
3.6BuildingFabric
3.6.1SmartGlassandDynamicWindows
3.6.2SmartRoofing
3.6.3SmartFlooringandWalls
4.TheGlobalBIoTMarket–SizeandGrowthProjections
4.1TheBIoTMarket
5.TrendsReshapingtheSmartBuildingsMarketplace
5.1TheJourneyTowardsData-DrivenBuildings
5.2ArtificialIntelligenceandMachineLearning
5.2.1PredictiveAnalyticsinSmartOperationsandMaintenance
5.3Occupant-CentricBuildings,WellnessandProductivity
5.3.1Occupant-Centricity
5.3.2Wellness&Productivity
5.4BlockchainandDecentralizedLedgerTechnology
5.4.1DistributedEnergyTrading
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5.4.2IdentityVerification
5.4.3VideoSurveillance
5.4.4BIM
5.4.5SmartBuildingDataNotarization
5.5As-a-ServiceBusinessModels
5.6TrendsinVerticalMarketsandBuildingTypes
5.6.1Co-WorkingandFlexibleOffices
5.6.2Retail
5.6.3Hospitality
5.6.4Healthcare
5.6.5MultipleOccupancyResidential
6.VentureCapitalandPrivateEquityFunding
6.1AnalysisofFundingRoundsandInvestments
6.2TopStartupsbyTotalFunding
6.3RangeofInvestors
6.3.1VentureCapitalandPrivateEquity
6.3.2CorporateVentureCapital
6.3.3HoneywellVentures
6.3.4SchneiderElectricVenturesandAsterCapital
6.3.5SiemensVentureCapitalandnext47
6.3.6JLLSparkFundandJLLTechnologyVentures
6.3.7JCIVentures
6.3.8InvestorsfromtheInsuranceSector
6.3.9InvestorsfromtheUtilitiesSector
6.4AcceleratorsandIncubators
7.AcquisitionsofEmergingPlayers
7.1.1PropTech
7.1.2BuildingEnergyManagement
7.1.3BIoT
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8.PartnershipsandAlliances
8.1CollaborationbetweenStartupsandIncumbentPlayers
8.2BuildingSystemsPlayers
8.2.1Honeywell
8.2.2JohnsonControls
8.2.3SchneiderElectric
8.2.4Siemens
9.GainingTractionandScalingUp
9.1ExitsandIPOs
9.1.1RecentIPOs
9.1.2ForthcomingIPOs
9.2DisappearingandInactiveStartups
9.3StartupstoWatchin2019
9.3.1Apana
9.3.2Aquicore
9.3.3CarbonLighthouse
9.3.4CivicTechnologies
9.3.5CriticalArc
9.3.6DisruptiveTechnologies
9.3.7Igor
9.3.8Invicara
9.3.9IoTium
9.3.10Jibestream
9.3.11Mapiq
9.3.12ReactiveTechnologies
9.3.13Sensoro
9.3.14Shepherd
9.3.15SmartenSpaces
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List of Charts & Figures Fig1.1CoreandAdjacentMarketsinSmartCommercialBuildings
Fig2.1482SmartBuildingStartupsFoundedbetween2009and2018
Fig2.2Top5SegmentsbyNumberofStartups
Fig2.3GeographicDistributionofStartups
Fig3.1NewEntrantsinBIoTPlatforms
Fig3.2NewEntrantsinEnablementHardware,NetworkingandConnectivity
Fig3.3NewEntrantsandAcquisitionsinSmartLighting
Fig3.4NewEntrantsinCyberSecurityforSmartBuildings
Fig3.5NewEntrantsinBuildingEnergyManagement
Fig3.6AcquisitionsofBuildingEnergyManagementStartups2012-2018
Fig3.7TheProptechCategoryDominateswithover180Startups
Fig3.8NewEntrantsinWorkplaceManagementPlatformsandSpaceUtilization
Fig3.9NewEntrantsinIndoorMappingandLocationServices
Fig3.10NewEntrantsinAssetandMaintenanceManagement
Fig3.11NewEntrantsofferingOccupantEngagementPlatforms
Fig3.12NewEntrantsinBIMandDigitizationofBuildings
Fig3.13NewEntrantsinSmartWaterManagement
Fig3.14NewEntrantsinDrones&RoboticsforFacilityManagement
Fig3.15NewEntrantsinBuildingtoGridApplications
Fig3.16NewEntrantsinElectronicLocking,AccessControlandPerimeterProtection
Fig3.17NewEntrantsinBiometricsandVideoSurveillance
Fig3.18NewEntrantsinMassNotificationSystemsandCriticalIncidentManagement
Fig3.19NewEntrantsinBuildingFabricApplications
Fig4.1GlobalMarketforIoTinSmartCommercialBuildings2017-2020$Bn
Fig5.1SmartBuildingBigDataSolutionMaturity
Fig5.2StartupsAddressingSpecificVerticalMarketsandBuildingTypes
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Fig6.1VCandPEFundingforSmartBuildingStartups2012to2018
Fig6.2Top15StartupsbyTotalFunding
Fig6.3ExamplesofInvestorsfromCoreandAdjacentMarkets
Fig6.4LeadingVCandPEFirmsInvestmentsinSmartBuildingStartups2010to2018
Fig6.5CorporateVentureFundingbyLeadingPlayersintheBuiltEnvironment
Fig6.6InsuranceInvestorsinSmartBuildingStartups
Fig6.7EuropeanUtilitiesAcquisitionsandInvestments2015-2018
Fig7.1ConsolidationofSmartBuildingStartups:Acquisitions2012to2018
Fig8.1JohnsonControlsPartnershipsandInvestmentsinSmartBuildingStartups
Fig8.2SchneiderElectricPartnershipsandInvestmentsinSmartBuildingStartups
Fig8.3SiemensPartnershipsandInvestmentsinSmartBuildingStartups
Fig9.1StartupstoWatchin2019
List of Tables Table1.1DefinitionofaStartup
Table1.2CategoriesandBusinessSegmentationofSmartBuildingStartups
Table3.1AcquisitionsofConnectedLightingStartups2013–2018
Table3.2AcquisitionsofBuildingEnergyManagementStartupsin2018
Table3.3NewEntrantsAddressingEnergyManagementforSpecificMarkets
Table3.4BuildingtoGridInterfaceSegmentation
Table3.5MajorB2GStartupAcquisitions2014-2018
Table5.1NewEntrantsApplyingPredictiveAnalytics
Table5.2NewEntrantsintheCo-WorkingandFlexibleOfficesSector
Table5.3NewEntrantsintheRetailSector
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Table5.4NewEntrantsintheHospitalitySector
Table5.5NewEntrantsintheHealthcareSector
Table5.6NewEntrantsintheMultipleOccupancyResidentialSector
Table6.1HighestFundedStartupsin2017and2018
Table6.2LeadingInvestorsinStartups2008-2018
Table6.3HoneywellVenturesInvestmentsintheSmartBuildingsSpace2017-2018
Table6.4InvestmentsofSchneiderElectricandAsterCapitalintheSmartBuildingsSpace2016-2018
Table6.5InvestmentsofSiemensVentureCapitalandnext47intheSmartBuildingsSpace2016-2018
Table6.6JLLInvestmentsintheSmartBuildingsSpace2016-2018
Table6.7JCIInvestmentsintheSmartBuildingsSpace2016-2018
Table6.8AcceleratorsSupportingInnovationinRealEstateandBuildingTechnologies
Table7.1MajorPropTechAcquisitionsin2018
Table7.2MajorBuildingEnergyManagementAcquisitionsin2018
Table7.3MajorBIoTAcquisitionsin2018
Table8.1JohnsonControlsOpenInnovation:RecentSelectedParticipants
Table9.1IPOsofSmartBuildingStartupssince2012
Table9.2ExamplesofStartupInactivityorFailures
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