Montreal-based cleantech startup BrainBox AI has been acquired by global climate innovator Trane Technologies. BrainBox AI is a pioneer in autonomous HVAC controls and generative Artificial Intelligence (AI) building technology.
Founded in 2019, BrainBox uses AI to optimize HVAC systems, reducing energy use and emissions. Its technology is deployed in 14,000 commercial buildings, including Sleep Country and Brisbane Airport.
Trane, which has worked with BrainBox for three years, plans to integrate the startup’s solutions into its global client base of 40,000 buildings.
“We are delighted to officially welcome BrainBox AI associates as we further expand upon our companies’ complementary capabilities, technology and offerings,” said Riaz Raihan, senior vice president and Chief Digital Officer of Trane Technologies.
“We look forward to bringing our teams and technologies closer together as we help customers meet their business and sustainability goals through the power of AI and smart building technologies.”
BrainBox AI CEO Sam Ramadori confirmed the deal, announced in December and finalized Thursday, ensures BrainBox’s 190 employees remain intact while enabling global expansion of its energy efficiency systems.
The acquisition underscores a growing trend of foreign takeovers of Canadian cleantech firms, raising concerns about the country’s ability to retain homegrown innovation. However, Ramadori emphasized BrainBox’s commitment to Montreal and urged government support for scaling Canadian AI companies.