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Brainbox Ai Raises 24M Usd In First Close Of Its Series A Funding Round To Fuel Continued Global Expansion And Innovation

PRIVATEOct 28, 2021

Round Type

Series A

MontrealSoftwareData And AnalyticsScience And EngineeringArtificial Intelligence

Description

BrainBox AI, a leader in autonomous building technology, today announced a $24M raise to further deploy its AI technology in the built environment and develop its next phase of innovation. The first close of its Series A round includes new lead investor, ABB, and investments by Esplanade Ventures and Desjardins Capital.

Who else raised in Data And Analytics and Science And Engineering around the same time

Companies in the same sectors as BrainBox AI that raised within 45 days of this round, from Fundz verified event records.

  • IRONSCALES raised $64M (Series C) on December 7, 2021.
  • Clarity AI raised an undisclosed amount (Funding Round) on December 2, 2021.
  • Esker raised an undisclosed amount (Funding Round) on December 2, 2021.
  • SafelyYou raised an undisclosed amount (Funding Round) on December 2, 2021.
  • Wispr AI raised $4.6M (Seed) on November 30, 2021.
  • Trunk raised an undisclosed amount (Funding Round) on November 19, 2021.

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Company Information

Company

BrainBox AI

Location

Montreal, Quebec, Canada

About

About BrainBox AIFounded in 2017, BrainBox AI is redefining building automation and pioneering grid-interactive buildings through artificial intelligence to address the energy transition challenge. Headquartered in Montreal, a global AI hub, BrainBox AI has a workforce of over 125 employees and supports real estate clients in numerous sectors, including office buildings, airports, hotels, multi-residential, long-term care facilities, grocery stores and commercial retail. BrainBox AI works in collaboration with research partners including the US Department of Energy's National Renewable Energy Laboratory (NREL), the Institute for Data Valorization (IVADO) as well as educational institutions including Montreal's École de technologie supérieure (ETS) and McGill University. Learn more about BrainBox AI.

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Funding Insights

What this usually means
Typical timeline to Series B
Series A companies typically raise their next round in 10-18 months

BrainBox AI raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.

145 of these a day, filtered to the companies you pick, with the decision-maker attached.

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