About BrainBox AI
BrainBox AI is a company based in Montreal (Canada) founded in 2017 was acquired by Trane Technologies in December 2024.. BrainBox AI has raised $102.77 million across 7 funding rounds from investors including ABB, Desjardins and European Union. BrainBox AI offers products and services including AI Building Engineer, AI HVAC Optimization, Building Decarbonization, and Building Management System. BrainBox AI operates in a competitive market with competitors including ecobee, Particle, Signify, Landis+Gyr and PowerSecure, among others.
- Headquarter Montreal, Canada
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Sectors
Business ServicesEnergy & Utilities Technology
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Email
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Phone
*********
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Website
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Social
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$102.77 M (USD)
in 7 rounds
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Latest Funding Round
$10 M (USD), Series B
Jul 07, 2023
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Investors
ABB
& 10 more
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Employee Count
Employee Count
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Acquired by
Trane Technologies
(Dec 18, 2024)
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Products & Services of BrainBox AI
BrainBox AI offers a comprehensive portfolio of products and services, including AI Building Engineer, AI HVAC Optimization, Building Decarbonization, and Building Management System. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Conversational AI for facility managers to analyze building data.
Autonomously adjusts HVAC systems to minimize energy use.
Measures and reduces emissions for net zero building goals.
Cloud system for managing and reporting on building operations.
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Funding Insights of BrainBox AI
BrainBox AI has successfully raised a total of $102.77M across 7 strategic funding rounds. The most recent funding activity was a Series B round of $10 million completed in July 2023. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 7
- Last Round Series B — $10.0M
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First Round
First Round
(28 Apr 2020)
- Investors Count 10
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2023 | Amount | Series B - BrainBox AI | Valuation | Quebec , Education Development Center | |
| Apr, 2023 | Amount | Series B - BrainBox AI | Valuation | Quebec , ABB |
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| Feb, 2023 | Amount | Series A - BrainBox AI | Valuation | Sustainable Development Technology Canada |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in BrainBox AI
BrainBox AI has secured backing from 11 investors, including institutional, venture fund, and angel investors. Prominent investors backing the company include ABB, Desjardins and European Union. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Healthcare startups are funded by Esplanade Ventures venture capital.
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Founded Year | Domain | Location | |
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Venture capital firm focused on investing in clean tech sectors
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Founded Year | Domain | Location | |
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Government services are provided to residents of Québec, Canada.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by BrainBox AI
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - BrainBox AI
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Brainbox Ai Comparisons
Competitors of BrainBox AI
BrainBox AI operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as ecobee, Particle, Signify, Landis+Gyr and PowerSecure, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Provider of smart thermostats for commercial and residential applications
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| domain | founded_year | HQ Location |
IoT connectivity platform from prototype to production is developed.
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| domain | founded_year | HQ Location |
Signify is recognized as a global leader in lighting solutions.
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| domain | founded_year | HQ Location |
End-to-end energy management solutions are provided for utilities worldwide.
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| domain | founded_year | HQ Location |
Energy efficiency and smart grid management solutions
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| domain | founded_year | HQ Location |
Smart panels for home energy management are provided by Span.IO.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Brainbox Ai
Frequently Asked Questions about BrainBox AI
When was BrainBox AI founded?
BrainBox AI was founded in 2017 and raised its 1st funding round 3 years after it was founded.
Where is BrainBox AI located?
BrainBox AI is headquartered in Montreal, Canada. It is registered at Montreal, Quebec, Canada.
Is BrainBox AI a funded company?
BrainBox AI is a funded company, having raised a total of $102.77M across 7 funding rounds to date. The company's 1st funding round was a Series A of $4.85M, raised on Apr 28, 2020.
What does BrainBox AI do?
BrainBox AI was founded in 2017 in Montreal, Canada, within the AI and SaaS sector. Operations center on HVAC management solutions for commercial buildings. A cloud-based platform is employed, where AI technology is integrated to monitor and adjust energy use. Heating, ventilation, and air conditioning systems are autonomously controlled and optimized, reducing consumption across facilities. Services extend to existing infrastructure enhancements in the built environment.
Who are the top competitors of BrainBox AI?
BrainBox AI's top competitors include ecobee, Particle and Landis+Gyr.
What products or services does BrainBox AI offer?
BrainBox AI offers AI Building Engineer, AI HVAC Optimization, Building Decarbonization, and Building Management System.
Who are BrainBox AI's investors?
BrainBox AI has 11 investors. Key investors include ABB, Desjardins, European Union, Export Development Canada, and Education Development Center.
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