BrainBox AI develops autonomous building technology that uses deep learning and cloud-based algorithms to optimize HVAC and reduce energy consumption. Its AI has been installed in over 700 commercial buildings across 20 countries. This year the company launched an autonomous decarbonization solution targeting the 38% of global greenhouse gases emitted by buildings. The company says recent funding will increase the scope and global scalability of its technology. Financial details in the articles note a $30 million fundraising close and a $10 million investment from a leading European insurance and asset manager. BrainBox supports real estate clients across office, hotel, retail, grocery and airport sectors and positions its tech as a 24/7 self-operating solution requiring no human intervention. BrainBox AI develops deep learning–based autonomous building technology that optimizes HVAC systems to cut energy costs and carbon emissions at commercial sites. Its platform claims up to 25% energy cost savings and up to 40% reductions in buildings' carbon footprints while improving occupant comfort. The company sells solutions across sectors including offices, hotels, retail, grocery stores, and airports, and recently launched a product specifically for multi-site retailers. BrainBox AI plans to expand global deployment by increasing automation of its models and strengthening cloud computing infrastructure. The company works with research partners including NREL, IVADO, MILA and McGill University to advance its technology. BrainBox AI was founded in 2017, is headquartered in Montreal, and employs over 150 people. BrainBox AI develops AI-driven HVAC and autonomous building technology that optimizes energy use, occupant comfort, and carbon emissions for commercial real estate owners. The company reports energy cost savings up to 25% and carbon footprint reductions up to 40%. Its technology has been installed in over 100 million square feet across 70 cities and more than 20 countries, and this year it added installations in over 180 buildings and five additional countries, including deployments in New York City and Milan. BrainBox AI works with clients across offices, hotels, retail, grocery stores and airports, and partners with research institutions including NREL, IVADO, MILA and McGill University. Headquartered in Montreal, the company has a workforce of over 150 employees and is positioning its product for continued international expansion. BrainBox AI combines deep learning, cloud-based computing and autonomous decision making to enable HVAC systems to operate autonomously and in real time. Its solution can generate up to a 25% reduction in total energy costs, a 20–40% reduction in carbon footprint and a 60% increase in occupant comfort. The company has commercial traction: in the 11 months since its May 2019 market launch it installed its self-learning technology in over 15 million square feet across 15 cities on three continents. BrainBox AI supports real estate clients across sectors including offices, airports, hotels, multi-residential, long-term care, grocery and retail. The company has a workforce of over 50 employees and positions its product as a no-capex, minimally disruptive way for building owners to cut energy costs. The recent fundraise will be used to further deploy the technology across North America and expand into additional markets.

Total raised

$50M

Funding rounds

4

Latest round

Equity

Latest activity

Jul 2023