The Appeal and Value of Multi-Dwelling Units for Smart Home Players

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By Jonathan Collins | 1Q 2020 | IN-5763

 

Smart Apartments Gaining Attention in the United States

NEWS


In October 2019, Amazon’s Alexa fund invested in Arizona-based SmartRent. The apartment vendor gained more than financing from Amazon; SmartRent stressed that the investment would lead to the two companies developing software and hardware specifically for multi-family housing environments.

SmartRent, which had already raised US$32 million in a Series B funding round in June 2019, is one of a growing number of vendors in the U.S. market vying to deliver smart home services to Multi-Dwelling Units (MDUs) building owners and residents. Although such vendors service only a small share of the current smart home install base in the United States, there are signs it will continue its rapid growth and, with-it, smart home devices and services will have to adapt.

Emerging Market Draws Startups and Smart Home Stalwarts Alike

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