Access control systems have existed for half a century but innovation has been a much more recent trend. A report by Group337 sheds light on what the industry is doing right, and which products are genuinely cutting edge.
In a further sign of the growing consolidation among major proptech suppliers, VTS, the leasing and asset management platform, has agreed the acquisition of property operations specialist Rise Buildings.
One hundred and thirty-six startups were acquired in the last three years, which is the highest level of consolidation in the past decade, accounting for 72% of the total, according to a study by analyst Memoori.
Infogrid, the two-year-old artificial intelligence technology company that automates facilities management and claims to make any building smart, has raised $15.5m Series A funding from a combination of UK and US investors.