Raising Capital for AI HVAC, Building Automation, Smart Buildings & Facility Startups: which investors are active in the space.
AI HVAC, building automation, smart buildings & facility in 2026 splits across (a) HVAC-OEM+heat-pump+chiller+VRF+RTU+VAV+DDC (Carrier $CARR-United Technologies 2020+Q3 2024 Viessmann Climate Solutions Jan-2024 $13B+Q3 2024 Kidde-Fenwal divest cautionary+ Johnson Controls $JCI+Q3 2024 residential-HVAC divest agreed+2024 Sept Bosch $8.1B cautionary+ Trane Technologies $TT-Ingersoll Rand 2020+Q3 2024 heat-pump-tailwind+ Daikin 6367.T+Q3 2024 Goodman-Q3 2024 record-orderbook+ Lennox $LII+Q3 2024 record-margin+ Mitsubishi Electric 6503.T+Q3 2024 heat-pump-tailwind+ 2024 India joint-venture+ LG Electronics 066570.KS+Q3 2024 heat-pump+HVAC-Q3 2024 Nortek acquisition-agreed cautionary+ Rheem+Q3 2024 heat-pump+ Bosch Home Comfort-Bosch Thermotechnology+Q3 2024 Johnson Controls-residential $8.1B agreed cautionary+ Viessmann Climate Solutions-Carrier Jan-2024 $13B+ Vaillant Group+Q3 2024 heat-pump+ Ariston 6413.HK+Q3 2024 heat-pump+ Panasonic 6752.T+Q3 2024 Systemair-Panasonic 2024+ Haier 600690.SS-GE Appliances 2016+ Midea 000333.SZ+ Gree 000651.SZ. Cautionary: Carrier Q3 2024 Kidde-Fenwal divest+Johnson Controls Q3 2024 residential-HVAC divest+2024 Sept Bosch $8.1B+LG-Nortek Q3 2024 acquisition-agreed+Viessmann-Carrier Jan-2024 $13B. (b) building-automation+BAS+BMS+DDC+FDD+IAQ+CO2+refrigerant-leak+heat-recovery (Siemens SIE.DE-Smart Infrastructure+Q3 2024 Enlighted 2018+Comfy 2018+Building X+ Honeywell $HON-Building Technologies+Q3 2024 Novar divest agreed+ Carrier Global Access Solutions divest agreed cautionary+ Schneider Electric SU.PA-EcoStruxure+Q3 2024 Motivair Corporation Sep-2024 $850M-agreed+ 2023 Aveva-take-private $10.4B+ ABB ABBN.SW-Smart Buildings+Q3 2024 restructure cautionary+ Delta Electronics 2308.TW+ Belimo BEAN.SW+Q3 2024 record-margin+ Distech Controls-Acuity Brands 2015+ Automated Logic-Carrier 2016+Q3 2024 divest exploration+ Alerton-Honeywell 2020+ KMC Controls+ Tridium-Honeywell 2005+Niagara Framework+ Iconics-Mitsubishi 2019+ ASHRAE Guideline 36 Sequences. Cautionary: Honeywell Q3 2024 Novar divest+Carrier Global Access Solutions divest+Schneider Motivair Sep-2024 $850M+ABB Q3 2024 restructure+Automated Logic-Carrier Q3 2024 divest exploration+Aveva Q3 2023 take-private $10.4B. (c) smart-building+IWMS+CAFM+CMMS+CRE-portfolio+ESG-reporting+GRESB+CDP+LEED+WELL+BREEAM+Fitwel (Autodesk-Tandem $ADSK+Q3 2024 restructure+Starrag exposure+ Bentley $BSY+Q3 2024 iTwin+Cohesive acquisition+ Nemetschek NEM.DE-Vectorworks-Allplan-Bluebeam-dRofus+Q3 2024 record-margin+ Trimble-Viewpoint+e-Builder $TRMB+Q3 2024 GTM+AGCO Q3 2024 restructure cautionary+ IFS+Copperleaf-EQT 2022+Q3 2024 asset-management+ ServiceMax-PTC 2022 $1.46B+Q3 2024 divest exploration+ IBM Maximo $IBM+Q3 2024 asset-management+ JLL Technologies-JLL Spark-Corrigo+Q3 2024 layoffs+2024 Q3 real-estate-tech-slowdown cautionary+ Planon-Schneider 2021+Q3 2024 IWMS+ iOFFICE+SpaceIQ+Serraview-Eptura 2022+Q3 2024 restructure cautionary+ Facilio+Q3 2024 GTM+ VergeSense+Q3 2024 sensors+occupancy-Q3 2024 series-C+ Density-Kleiner-DCVC-Founders Fund+Q3 2024 occupancy+WeWork Ch-11 Nov-2023 cautionary precedent+Q3 2024 down-round cautionary+ Openpath-Motorola 2021+Q3 2024 access-control+ Kastle Systems+Openpath-Motorola 2021+Q3 2024 access-control+ Verkada-Sequoia-First Round+2023 Jan Cook-County-Illinois breach precedent cautionary+2024 Q3 FTC $10.5M Aug-2024 cautionary+2024 Q3 secondary+ Rhombus Systems-Motorola 2024+ Genetec+ Milestone-Canon 2014+ Avigilon-Motorola 2018+2024 Q3 divest exploration. Cautionary: Autodesk Q3 2024 restructure+Starrag+JLL Tech Q3 2024 layoffs+real-estate-tech-slowdown+Eptura Q3 2024 restructure+Density WeWork Ch-11 Nov-2023 precedent+Q3 2024 down-round+ServiceMax-PTC Q3 2024 divest exploration+Verkada FTC Aug-2024 $10.5M+Jan-2023 Cook-County breach+Avigilon-Motorola Q3 2024 divest exploration. (d) CRE+ESG+decarbonization+GRESB+CDP+LEED+WELL+BREEAM+Fitwel+SBTi+RE100+EP100+EV100+CSRD+CSDDD+SEC Climate+CARB SB 253/261+ISSB S1/S2 Jun-2023+NYC LL97 May-2024+EU EPBD III Recast 2024+EU F-Gas 2024/573 Mar-2024+EU ETS-Buildings-Road-Transport 2027+EPA AIM Act 2020+Kigali 2019 (BrainBox AI-Adnoc-ADQ 2024-agreed cautionary+ Runwise-Fifth Wall+SBI Investment+ Turntide-JLL+Amazon 2021 $400M+Q3 2024 restructure+Ch-11 avoided cautionary+ 75F-Siemens Financial+ EnergyHub-CPower Q3 2024-agreed cautionary+ Enel X-Enel Enel.MI+Q3 2024 restructure cautionary+ Voltus $VLTA-SPAC 2022+Q3 2024 restructure cautionary+ Cadeo Group+ Sensus-Xylem 2016+ Itron $ITRI+ Landis+Gyr LAND.SW+ Kamstrup-Kirkbi 2010+ EnergyCAP-Schneider 2016+ Watchwire-Enerlogic+ Measurabl+ Arcadia+ Cortex-Nuveen+ ENGIE Impact+ nZero+ Watershed-Sequoia-Kleiner-Salesforce+Q3 2024 CDP+Q3 2024 $100M+ Persefoni-Franklin Templeton+Q3 2024 restructure cautionary+ Sweep-Balderton+ Plan A-Lightspeed+ Greenly-Fidelity+ Emitwise. Cautionary: BrainBox AI-Adnoc-ADQ 2024-agreed+Turntide Q3 2024 restructure+Ch-11 avoided+EnergyHub-CPower Q3 2024-agreed+Enel X Q3 2024 restructure+Voltus SPAC 2022+Q3 2024 restructure+Persefoni Q3 2024 restructure+WeWork Ch-11 Nov-2023 precedent+SEC Climate Disclosure Rule Mar-2024-stayed. (e) BACnet+Modbus+KNX+LonWorks+Zigbee+Z-Wave+Thread+Matter+OCPP+IEEE 2030.5+OpenADR+Haystack+Brick+RealEstateCore+IFC+COBie+NIST 800-82 OT Rev 3+IEC 62443+NERC CIP+NIS2+CRA discipline day-one.
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