Good morning, y’all. Merry Christmas Eve wishes to those celebrating (and warm, general end-of-year vibes to all of our readers, of course).
This article concerns Trane Technologies and BrainBox AI. Let’s take a peek.
Trane Technologies is all about global climate innovation. “We’re setting the pace for positive change in our industry,” its CEO Dave Regenry commented, “change that can have a truly transformative impact on our planet. What we do today will create a better, stronger world tomorrow.” In that vein, what Trane Technologies offers is an environmentally responsible portfolio of tech-focused products and services as the company continues to bring efficient, sustainability-centric solutions to folks’ homes, smart buildings, transportation systems and more.
Then, BrainBox AI. Founded in 2017, BrainBox AI was also born of great necessity when it comes to global energy consumption and the need for smarter, greener buildings; offices, hotels, grocery stores, commercial retail, airports, you name it. Today, BrainBox AI’s “green game-changers” leverage AI to smartly “greenify” the spaces where people live, travel and work. The BrainBox AI platform optimizes buildings’ existing equipment in order to cut costs and reduce emissions, and the company’s multidisciplinary team of engineers and AI experts help “bridge the gap to efficiency” and find the common threads with other organizations so our planet can continue healing.
Similar goals here, wouldn’t you say?
That’s precisely why Trane Technologies recently signed a definitive agreement to acquire BrainBox AI.
According to BrainBox AI, an estimated “15% of global greenhouse gas (GHG) emissions are directly related to the heating and cooling of buildings.” Hence, the team uses advanced deep learning algorithms to predict buildings’ energy needs, automate HVAC systems, reduce excess energy consumption and bring GHG levels down. Trane Technologies is clearly on the same page; together, they can support customers in reducing their own carbon footprints and meeting business goals, altogether optimizing energy usage and improving modern systems.
Per the official announcement, “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.”
Ramadori himself added how “BrainBox AI believes in the power of AI in addressing the criticality of climate change. Combining our advancements 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.”
The transaction is expected to close in early 2025.
Learn more about smarter building projects at the upcoming Smart City Event, which will be taking place from February 11-13, 2025, in Fort Lauderdale, Florida. Part of the #TECHSUPERSHOW experience, this event combines educational conference programming with a robust exhibit hall, networking events and other activities.
Edited by Greg Tavarez
This post was originally published on here
