This news comes on the heels of its $63M funding round. The company plans to use the funding to enhance its platform and protect its intellectual property. Here are the top-line bullets you need to know.
Quext, a smart apartment solutions provider, has raised $63M in funding.
HOW’S THE COMPANY PERFORMING?
- Texas-based Quext offers smart apartment technology for multifamily environments.
- The company has received several IoT and smart apartment patents over the past few years to protect its intellectual property.
- The startup is supported by a team of 40 employees and is headquartered in Lubbock, Texas.
Source: Quext
WHY DOES THE MARKET MATTER?
- The global smart buildings market is expected to reach a value of $121.6B by 2026, growing at a CAGR of 10.9%, according to Markets and Markets.
- A rising focus on the energy efficiency of buildings as well as the incorporation of internet of things (IoT) technologies is contributing to growth in this market.
