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).