An AI company aimed at decreasing heating, ventilation and air conditioning (HVAC) costs for buildings announced a $8.6 million fundraising round to expand its reach, as building managers seek to cut costs during the economic downturn from the COVID-19 pandemic.
BrainBox AI uses its tech to manage self-operating HVAC systems for buildings and says it can reduce energy costs by up to 25%, a potential selling point as real estate owners begin to experience the economic fallout resulting from the pandemic. The AI can also reduce carbon footprints by 20 to 40%, and increase comfort for occupants by 60%.
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Jacqueline Thomsen
Jacqueline Thomsen, based in Washington, is a reporter covering D.C. federal courts and the legal side of politics. Contact her at [email protected] and follow her on Twitter @jacq_thomsen.
