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Brainbox Ai Closes Series A Fundraise At 30M Usd With Support From Export Development Canada, Fueling International Growth For Ground-Breaking Ai Technology

PRIVATEJul 26, 2022

Round Type

Series A

MontrealSoftwareData And AnalyticsScience And EngineeringArtificial Intelligence

Description

BrainBox AI, a leader in autonomous building technology, today announced the close of its Series A fundraise at $30M USD to further expand its global footprint and impact across the built environment. The Series A round, led by ABB in the first close last October, concludes with a $3.5M USD investment from Export Development Canada (EDC), Canada’s export credit agency dedicated to helping Canadian companies of all sizes succeed on the world stage.

Quick answer

BrainBox AI raised an undisclosed amount in a Series A round, dated July 26, 2022. BrainBox AI is based in Montreal, Quebec, Canada.

How much did BrainBox AI raise?
BrainBox AI raised an undisclosed amount in a Series A round on July 26, 2022.
What does BrainBox AI do?
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.
Where is BrainBox AI based and how big is it?
BrainBox AI is based in Montreal, Quebec, Canada.
Who are the decision-makers at BrainBox AI?
Fundz holds 2 contacts at BrainBox AI, including the Marketing Manager. Names and contact details are shown to Fundz members.

Source: Fundz verified event record.

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.

  • Spice AI, Inc. raised $14M (Seed) on September 7, 2022.
  • FourKites, Inc. raised $30M (Funding Round) on August 26, 2022.
  • Inworld AI raised $50M (Series A) on August 23, 2022.
  • Spice AI, Inc. raised $15M on July 15, 2022.
  • Bobidi raised $5.8M (Funding Round) on July 14, 2022.
  • Deci raised $25M (Series B) on July 13, 2022.

Who to call at BrainBox AI, and when

A new round usually means BrainBox AI is about to hire and buy. The teams that reach out first get the meeting.

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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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Related People

2 contacts
Verified contactsRebecca H., Marketing ManagerSee plans and pricing
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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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