BrainBox AI raises $24 million to expand into building automation
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.
To date, BrainBox AI has transformed over 100 million sq ft of building space across five continents by providing real estate asset owners with a scalable and impactful tool to achieve their aggressive net-zero objectives.
The technology is installed in both developed and developing nations, addressing the equity, accessibility, and affordability challenges the world faces in its fight against climate change.