Proptech firm BrainBox AI, which focuses on decreasing energy costs and reducing carbon footprints in commercial properties, announced that it had raised $20 million, with $10 million coming from the Government of Québec as lead investor and also money from ABB, a company focused on electrification and automation in a number of different industries.
Up until mid-February 2023, the total the company received, including a seed round, two Series A rounds, and a grant, was $45.1 million, according to Crunchbase. The new investments bring the total to $65.1 million.
BrainBox expects to use the new funds to further develop its decarbonization technology and global commercialization plans.
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