BrainBox AI, a Montreal, Canada-based leader in autonomous building technology, announced a $24 million Series A raise to further deploy its AI 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.

Company: BrainBox AI Inc.

Raised: $24.0M

Round: Series A

Funding Month: October 2021

Lead Investors: ABB

Additional Investors: Esplanade Ventures and Desjardins Capital

Company Website: https://www.brainboxai.com/

Software Category: Building automation and pioneering grid-interactive buildings

About the Company: Founded in 2017, BrainBox AI is redefining building automation and pioneering grid-interactive buildings through artificial intelligence to address the energy transition challenge. Headquartered in Montreal, a global AI hub, BrainBox AI has a workforce of over 125 employees and supports real estate clients in numerous sectors, including office buildings, airports, hotels, multi-residential, long-term care facilities, grocery stores, and commercial retail. BrainBox AI works in collaboration with research partners including the US Department of Energy's National Renewable Energy Laboratory (NREL), the Institute for Data Valorization (IVADO) as well as educational institutions including Montreal's École de Technologie supérieure (ETS) and McGill University.

Source: https://www.prnewswire.com/news-releases/brainbox-ai-raises-24m-usd-in-first-close-of-its-series-a-funding-round-to-fuel-continued-global-expansion-and-innovation-301410547.html