Trane Technologies, a global climate innovator, announced that it 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-pioneering enterprise autonomous building platform. An estimated 15% of global greenhouse gas (GHG) emissions are directly related to the heating and cooling of buildings.
Automate HVAC systems
BrainBox AI uses advanced deep learning algorithms to predict building energy needs
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.
Reduce energy and emissions
“Advanced AI technology is supercharging what’s possible as we reduce energy and emissions from the built environment,” said Riaz Raihan, Chief Digital Officer, Trane Technologies.
“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.”
Advanced building management
The companies have partnered over the past two years to help clients reduce their carbon footprint
The acquisition further augments Trane Technologies’ advanced building management and digital capabilities and represents a natural extension of the companies’ existing collaboration. 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.
Rich AI ecosystem
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.
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.
Deployment of smart building solutions
Trane Technologies maintains BrainBox AI’s existing operations in Montreal to an AI ecosystem
“At BrainBox AI, we believe in the power of AI in addressing climate change,” said Sam Ramadori, BrainBox AI CEO.
“Combining BrainBox AI’s advanced technology with Trane Technologies’ pioneering 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.”
TIME’s Best Inventions of 2024
BrainBox AI’s recently launched ARIA platform (Artificial Responsive Intelligent Agent) was selected as one of TIME’s Best Inventions of 2024. ARIA, the world’s first virtual building engineer, 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 pioneering technologies that augment its core business and scaling them to deliver strong returns over time. The transaction is expected to close in early 2025. The transaction is not material to the company; additional details were not disclosed.
