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BrainBox AI receives $20 million investment from Québec Government and ABB. Then decides to buy ABB business unit

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BrainBox AI, a developer of autonomous building technology, has raised $20 million to support the continued development of BrainBox AI’s decarbonization technology and its global commercialization efforts.

The company raised the funds from the Government of Québec, the lead investor for 10 million US dollars; and ABB, a returning lead investor and global partner to BrainBox AI.

Sam Ramadori, CEO at BrainBox AI, says: “We are grateful for this significant investment from the Québec Government and ABB. Having their support propels our mission to provide commercial real estate owners and retailers around the globe with a scalable and impactful decarbonization tool. [Read more…] about BrainBox AI receives $20 million investment from Québec Government and ABB. Then decides to buy ABB business unit

BrainBox AI raises $24 million to expand into building automation

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BrainBox AI, specialising in autonomous building technology, has raised $24 million to implement its technology in the built environment and develop its next phase of innovation.

The first close of its Series A round includes new lead investor, ABB, and investments by Esplanade Ventures and Desjardins Capital.

BrainBox AI offers predictive and self-adaptive artificial intelligence to optimize buildings’ energy usage, carbon footprint, and operational efficiency. [Read more…] about BrainBox AI raises $24 million to expand into building automation