BrainBox AI

BrainBox AI in its $12 million pre Series A financing round

Client

BrainBox AI

Value

$12 million

Service

Emerging and High Growth Companies

Date Closed

March 2020

Industry

Venture Capital

Lead Office

Montréal


 

On March 19, 2020, BrainBox AI completed its $12 million pre Series A financing round led by Esplanade Ventures. The proceeds will be used to facilitate rapid expansion in new and existing markets. BrainBox AI uses deep learning, cloud-based computing and autonomous decision making to predict a building’s thermal load and to enable the HVAC system to operate autonomously. Since the launch of its technology, BrainBox AI has been focused on commercialization in North America and abroad and has established distribution partnerships in Australia, the United Kingdom and Ireland.

BrainBox AI is specialized in technology that enables heating, ventilation and air conditioning systems to operate autonomously and is focused on reducing global greenhouse gas emissions.

Esplanade Ventures is a Montreal based early-stage digital health venture fund specialized in the development and up-scaling of innovative practices related to social entrepreneurship and innovation in Quebec.

Osler, Hoskin & Harcourt LLP advised BrainBox AI with a team consisting of Shahir Guindi and Liliana Korosi (Corporate).


Team
Liliana Korosi

Liliana Korosi

Associate, Corporate