Trane Technologies, a global climate innovator, has signed a definitive agreement to acquire BrainBox AI, a pioneer in autonomous HVAC controls and generative Artificial Intelligence (AI) building technology.
Headquartered in Montreal, Canada, a global AI hub, BrainBox AI has developed an industry-leading enterprise autonomous building platform. An estimated 15% of global Greenhouse Gas (GHG) emissions are directly related to the heating and cooling of buildings. BrainBox AI uses advanced deep learning algorithms to predict building energy needs, automate HVAC systems, reduce energy consumption by up to 25% and reduce GHG emissions by up to 40%. BrainBox AI’s proven technology is deployed across more than 14,000 commercial buildings globally, including airports, complexes, office buildings, hotels, commercial retail and more.
Commenting on the development, Riaz Raihan, Chief Digital Officer, Trane Technologies, said, “Advanced AI technology is supercharging what’s possible as we reduce energy and emissions from the built environment. BrainBox AI and Trane Technologies share a passion for accelerating and scaling innovative, customer-focused AI solutions and smart building technologies that address the world’s pressing climate challenges. We look forward to welcoming the talented BrainBox AI team.”
Sam Ramadori, Chief Executive Officer, BrainBox AI, and Jean-Simon Venne, Co-founder and Chief Technology Officer, BrainBox AI, will continue to lead the BrainBox AI business and team of more than 190 associates, primarily based in Canada and the United States.
