Cohesion IB - Comprehensive Analysis Report

Summary

Cohesion IB is a smart building technology company founded in 2018 that integrates systems, people, and spaces for real estate. It delivers solutions in access control, maintenance, and energy management. As a spin-off of ESD, Cohesion's mission is to accelerate resilience in every building by connecting people, places, and the planet.

1. Strategic Focus & Objectives

Core Objectives

Cohesion's platform helps commercial buildings better integrate disparate systems into a smart building SaaS platform. It empowers real estate owners to maximize asset and portfolio value by seamlessly connecting all building systems, workflows, and people in one solution.

Specialization Areas

Cohesion's platform addresses key trends for commercial real estate owners, including an accelerated focus on building health and a greater emphasis on reducing the carbon footprint of commercial buildings.

Target Markets

Cohesion helps commercial real estate operators make their properties smart. The platform helps improve tenant experience and create cost efficiencies.

2. Financial Overview

Funding History

Cohesion has raised $27.8M in funding. In November 2021, Cohesion announced a $15 million Series A financing round co-led by Morgan Stanley Next Level Fund and Hyde Park Angels (HPA). New investors, Three Bridges Private Capital and Wintrust Ventures, joined seed round investors Singapore-based Frasers Property Group, ESD, Ken Griffin, Citadel Founder and CEO, Michael Sacks of GCM Grosvenor, and Raj Gupta of ESD. The company utilizes funds for product and market expansion, including its digital twin technology for optimizing building environment and health. In 2020, Cohesion raised a round of SEED Funding led by Hyde Park Angels (HPA).

3. Product Pipeline

Key Products/Services

Cohesion provides a smart building platform that improves health and wellness, experience, efficiency, and sustainability.

Smart Access: Modernizes access control and makes it digital.
Smart Experience: Transforms spaces with interactions between people and places, boosting engagement.
Smart Maintenance: Drives operational efficiency.
Savvy: AI-powered real estate analytics solution.

4. Technology & Innovation

Technology Stack

Cohesion's platform combines the human aspect, building systems, and environmental elements into a single management and data platform that simulates building operations to predict outcomes . The platform is cloud-based and IoT-enabled. It can be customized, scaled, and optimized to the latest technology developments in the market.

Savvy centralizes data from building systems, software, sensors, and external sources into a unified smart building platform, providing real-time insights on space, systems, and people through customizable dashboards and an AI assistant.

Cohesion has launched the world's first real estate AI Assistant, and Google Wallet with HID.

Cohesion's platform is built with enterprise-grade security measures, including continuous monitoring, encrypted data storage, and compliance with global standards such as ISO 27001 and SOC 2. It also holds WiredScore certifications and UL's Smart System Verified Platinum designation.

Proprietary technologies

Cohesion’s platform utilizes IoT and AI to integrate building systems, streamline operations, and connect tenants and operators to deliver actionable insights. The platform uses digital twin technology, which is an autonomous, connected platform that enables understanding, analysis, and optimization of systems and experiences in a building.

5. Leadership & Management

Executive Team

Thru Shivakumar: Co-Founder & CEO.
Andy Wibbels: Director of Marketing.
Khoi Do: VP of Client Relations.
Chad Flores: VP of Product.

Recent Leadership Changes

Rick Snyder, a tech industry veteran, joined Cohesion's Board of Directors.

6. Competitive Analysis

Major Competitors

Cohesion's competitors include: 75F, Facilio, Rise, Sharry, Prescriptive Data, VTS, Enertiv, HqO, Ruric, Bizofit, Element Blue, Xenith.

7. Market Analysis

Market Overview

Cohesion's smart building platform growth is driven by rising costs and uncertain demand caused by the shift to hybrid workforces.

8. Strategic Partnerships

Cohesion has a partner program through which partners can offer customers a smart building and workplace platform while expanding their businesses. Partners can join through Referral, Solutions Provider/Integrator, or Strategic Partnerships.

9. Operational Insights

Cohesion helps real estate operators make their properties smart to enhance the tenant experience while also creating cost efficiencies. The platform enables adherence to safe distancing guidelines among building occupants and increases operational efficiencies.

10. Future Outlook

Strategic Roadmap

Cohesion aims to leverage Rick Snyder's experience to drive the company's expansion and innovation. Cohesion's mission of accelerating resilience in every building by connecting people, places, and the planet becomes significantly closer to reality.