Emerging and High Growth Companies

BrainBox AI in its US$20 million investment from the Québec Government and ABB

BrainBox AI
Key Contact
Shahir Guindi, Ad. E.

Former National Co-Chair, Partner, Corporate, Montréal

Team
Yulia Yugay

Associate, Corporate, Montréal

On April 27, 2023, BrainBox AI received a US$20 million investment from the Government of Québec and ABB, a returning lead investor and global partner to BrainBox AI. Through this investment, BrainBox AI plans to support their development of decarbonized technology and support their global communication efforts. In addition, BrainBox AI will acquire ABB’s multi-site retail energy management system integrator business.

BrainBox AI is a leader in autonomous building technology which utilizes cloud-based computing and algorithms.

Osler, Hoskin & Harcourt LLP advised BrainBox AI with a team consisting of Shahir Guindi (Corporate), Liliana Korosi and Yulia Yugay (Emerging and High Growth Companies).

Value
US$20 million
Date Closed
April 27, 2023
Lead Office
Montreal
Key Contact
Shahir Guindi, Ad. E.

Former National Co-Chair, Partner, Corporate, Montréal

Team
Yulia Yugay

Associate, Corporate, Montréal