MONTREAL, Nov. 06, 2024 (GLOBE NEWSWIRE) -- BrainBox AI, a pioneer in autonomous and generative AI building technology, today announced it is the recipient of the Companies-to-Watch award in the 2024 Technology Fast 50™ program. This coveted award recognizes emerging Canadian companies for their exceptional revenue growth.
"Our company's collective commitment to building breakthrough, market-leading technology paved the way for this award.” said Francis Trudeau, Chief Financial Officer at BrainBox AI. "It acknowledges our hard work to make a global impact and our mission to make buildings smarter, greener, and more efficient. This achievement highlights BrainBox AI's focus and continuous efforts to deliver value to stakeholders, push boundaries within our industry, and drive sustained success in our mission to help save the planet with AI.”
BrainBox AI's AI HVAC Optimization solution leverages internal and external data, proprietary algorithms, and artificial intelligence to redefine how heating, ventilation, and air conditioning (HVAC) systems operate in buildings. Powered by autonomous AI, it maps the numerous zones of a commercial building, learns, and quickly acts on that data to predict future states, and modulate pieces of equipment autonomously. For example, by predicting the temperature in a retail store based on historical data and external datasets like weather, BrainBox AI can decrease energy costs by up to 25%, reduce the carbon emissions by up to 40%, and improve customers' comfort by up to 60%. It transforms an HVAC system from one that solely reacts to thermostat readings with no information relating to weather or the energy grid, to one that considers the building's external environment to make much smarter decisions. BrainBox AI also recently introduced ARIA, its generative AI-powered virtual building engineer, developed on Amazon Bedrock. Designed as the ultimate companion to facility managers, ARIA's intuitive two-way interactive capability can directly advise future actions toward the most efficient and effective management of their buildings.
The Companies-to-Watch category is a ranking of Canadian technology companies with the potential to be future Technology Fast 50 category candidates based on their revenue growth percentage over their last three years of operation. This year's winners were required to have a minimum revenue of $50,000 in 2021 and $2.5 million in 2023.
About the Technology Fast 50 program
The Technology Fast 50 program is Canada's pre-eminent technology awards program. It recognizes business growth, innovation, and entrepreneurship in four distinct categories: Technology Fast 50, Enterprise-Industry Leaders, Clean Technology, and Companies-to-Watch. The program also recognizes thriving technology companies in the United States and Canada in partnership with the North American Technology Fast 500 program. Program sponsors for 2024 include RBCx, Osler, EDC, CCI, TMX, Clarity, and Lafond. For more information, visit www.fast50.ca.
About BrainBox AI
Founded in 2017, BrainBox AI was created to address two critical issues currently facing the built environment: carbon emissions and energy consumption. As innovators in the decarbonization movement, BrainBox AI's game-changing HVAC technology leverages AI to make buildings smarter, greener, and more efficient. Through strategic global relationships, BrainBox AI elevates real estate clients across various sectors from office buildings and hotels to commercial retail, grocery stores, airports, and more.
Headquartered in Montreal, Canada, a global AI hub, our workforce of over 170 employees, bring with them talent from all sectors with the common thread of being in business to heal our planet. BrainBox AI works in collaboration with research partners including MILA - Quebec AI Institute, the Institute for Data Valorization (IVADO), as well as academic institutions including McGill University. For more information visit: brainboxai.com.
Contact:
Liz Culley-Sullo
Director, Public Relations
