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BrainBox AI Announces US$20 Million Investment from Québec Government and ABB; and Enters into Agreement to Acquire ABB Multi-Site Retail Business

📅 Date:

🔖 Topics: Funding Event

🏢 Organizations: BrainBox AI, ABB

BrainBox AI, a leader in autonomous building technology, today announced a US$20 million fundraise to support the continued development of BrainBox AI’s cutting edge decarbonization technology and its global commercialization efforts. The company is pleased to name The Government of Québec as a lead investor for 10 million US dollars, alongside ABB, a returning lead investor and global partner to BrainBox AI.

AI and cloud enabled HVAC autonomous control, natively integrated with the leading on-premise EMS solution, will offer retailers an unparalleled ability to operate their stores and achieve their pressing decarbonization goals.

Read more at GlobeNewswire