BrainBox AI, a pioneer in autonomous building technology headquartered in Montreal, Canada, has closed its $30 million funding round. The round saw the participation of ABB, the Quebec Government, and includes a $10 million investment from a leading European global insurance and asset management provider. This follows the $30 million Series A round raised back in 2022.
By investing in BrainBox AI, this organisation is continuing to execute its mission to stimulate and accelerate the adoption of cutting-edge innovations that have a positive impact on the challenges the world faces. Its support is a direct illustration of its desire to find and invest in pioneering solutions, like BrainBox AI, that are pivotal to saving the planet from climate change.
The investment will help BrainBox AI focus on its mission of delivering scalable AI-driven solutions to decarbonise the built environment.
Sam Ramadori, Chief Executive Officer at BrainBox AI commented, “We are moved by the level of participation and support from our partners who believe in the importance of the work that we do. Impactful investments like those of our new European partner are crucial to the longevity of innovators like BrainBox AI and we are excited to welcome them to our investor group. This $30 Million fundraise will enable us to increase the scope and global scalability of our technology for the betterment of our planet.”
Deploys AI to make buildings greener
BrainBox AI was founded in 2017 by Sean Neely and Jean-Simon Venne. was created to address the dilemma currently facing the built environment, its energy consumption, and its significant contribution to climate change. As innovators of the global energy transition, BrainBox AI’s game-changing HVAC technology leverages autonomous AI to make buildings smarter, greener, and more efficient. BrainBox AI supports real estate clients in various sectors, including office buildings, hotels, commercial retail, grocery stores, airports, and more.
The company’s AI technology for the built environment has been installed in over 700 commercial buildings, across 20 countries worldwide. This year, the company launched its autonomous decarbonisation solution that directly addresses the 38% of global greenhouse gases (GHG) emitted annually from buildings.
Earlier this year, the company launched its Autonomous Decarbonisation solution suite, marking another milestone as it continues to deliver innovative and impactful solutions aiding the built environment in its fight against climate change.
Its industry-defining technology uses deep learning, cloud computing and custom algorithms to empower building owners to drastically reduce their scope 1 and 2 emissions by up to 40%, while decreasing heating and cooling energy costs by up to 25%.
