Global climate innovator Trane Technologies has signed a definitive agreement to acquire BrainBox AI, a pioneer in autonomous HVAC controls and generative Artificial Intelligence (AI) building technology.
Based in Montreal, Canada, a global AI hub, BrainBox AI has developed an industry-leading enterprise autonomous building platform. A large percentage of global greenhouse gas (GHG) emissions are directly related to the heating and cooling of buildings. BrainBox AI utilizes 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%. And BrainBox AI’s proven technology is deployed across more than 14,000 commercial buildings globally, including airports, complexes, office buildings, hotels, commercial retail, etc.
This acquisition augments Trane Technologies’ advanced building management and digital capabilities and represents a natural extension of the companies’ existing collaboration. And the companies have partnered over the past two years to help customers reduce their carbon footprint and meet business goals. Trane Autonomous Control couples Trane’s cloud-based building automation system with BrainBox AI technology to analyze live data from multiple sources, accurately predict zone temperature and energy loads, and perform system improvements 24/7 to optimize energy usage.
Sam Ramadori (CEO of BrainBox AI) and Jean-Simon Venne (Co-founder and Chief Technology Officer of BrainBox AI) will continue to lead the BrainBox AI business and team of over 190 associates, primarily based in Canada and the United States. All BrainBox AI associates will join Trane Technologies upon close. Trane Technologies will maintain BrainBox AI’s existing operations in Montreal, contributing to the region’s rich AI ecosystem to accelerate AI innovation globally.
BrainBox AI’s recently launched ARIA platform (Artificial Responsive Intelligent Agent) was selected as one of TIME’s Best Inventions of 2024. And ARIA delivers precise and accurate data visualization, sound reasoning, and informed actions for facility management professionals.
This bolt-on acquisition follows Trane Technologies’ proven model of adding leading technologies that augment its core business and scaling them to deliver strong returns over time.
The deal is expected to close in early 2025. The transaction is not material to the company; additional details were not disclosed.
KEY QUOTES:
“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.”
- Riaz Raihan, Chief Digital Officer, Trane Technologies
“At BrainBox AI, we believe in the power of AI in addressing climate change. Combining BrainBox AI’s advanced technology with Trane Technologies’ leading digital platform and best-in-class global direct sales capabilities will accelerate the deployment of smart building solutions worldwide and achieve greater outcomes for our people, customers and the world. We look forward to an exciting new chapter for BrainBox AI as part of Trane Technologies.”
- Sam Ramadori, BrainBox AI CEO
