About Axeda
Axeda is a Technology company based in Foxborough (United States) founded in 2000, and was acquired by PTC in July 2014. It operates as a cloud-based software for managing connected devices. Axeda has raised $31.57 million across 6 funding rounds from investors including Mitsui & Co, Wipro and PTC. Axeda has completed 1 acquisition, including Questra. Its focus areas include High Tech, Internet of Things Infrastructure, IoT Platforms and Development platforms. Its legal entity is Axeda Corporation. Its competitors include PubNub, ThingWorx, Seebo, Losant and ClearBlade and 5 more; 10 of its 10 listed competitors have raised funding.
Company details
Axeda was founded in 2000 and is headquartered in Foxborough, United States, within the IoT sector. Connected products and machines are managed via cloud-based services, while M2M and IoT applications are implemented. Machine data is integrated by manufacturers and service providers to generate insights, support application development, and streamline business operations across various industries.
- Total Equity Funding$31.57M (USD)
in 6 rounds
- Latest Funding Round$12M (USD), Series B
Aug 2013
- InvestorsMitsui & Co.
& 4 more
- Investments & Acquisitions
- Acquired byPTC
(Jul 2014)
Funding Insights of Axeda
Axeda has successfully raised a total of $31.57M across 6 strategic funding rounds. The most recent funding activity was a Series B round of $12 million completed in August 2013. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding $31.57M
- Total Rounds 6
- Last Round Series B — $12M
- First Round $9.57M
(Dec 2005)
- Investors Count 4
All 6 funding rounds of Axeda with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Aug 2013 | $12M | Series B | – | – | |
| Jun 2013 | $5M | Series B | – | – | – |
| Apr 2011 | – | Debt – Venture | – | – | |
| Oct 2009 | $4M | Debt – Venture | – | – | – |
| Oct 2009 | $5M | Series A | – | – | |
| Dec 2005 | $9.57M | Series A | – | – | – |
5 investors in total: 5 institutional.
Investors in Axeda
Axeda has secured backing from 5 investors, including institutional and venture fund investors. Prominent investors backing the company include Mitsui & Co, Wipro and PTC.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Private equity firm investing in software companies | – | jmi.com | Baltimore, United States | |
Tech & Life-Sciences focused Growth stage Venture Debt Firm investing in North America | – | mmvf.com | Toronto, Canada | |
Traditional conglomerate services are provided across multiple sectors by Mitsui. | 1947 | mitsui.com | Chiyoda City, Japan | |
Wipro is recognized as a consulting-led, AI-powered technology services company. | 1945 | wipro.com | Bengaluru, India | |
PTC is recognized as a global leader in product lifecycle management software. | 1985 | ptc.com | Boston, United States |
Investor details for Axeda
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
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People of Axeda
849 people are tracked at Axeda (313 in leadership, 10 in board & advisors, 526 in team).
| Name | Role | Group |
|---|---|---|
Walter Panza | Senior Sales Director, License Compliance Emeai, Latam. Advisory Services International | Leadership |
Joan Walsh | Director Customer Operations | Leadership |
Emily Abeling | Senior Director, Go-to-market Strategy | Leadership |
Vinod Palakkil | Senior Director Indirect Business ( Mid Market And Smb) | Leadership |
Pierre Yves Matthiau | Head Of International Growth Marketing | Leadership |
Ross Gilmour | Regional Vice President - Northern Europe | Leadership |
Dhirendra Kulkarni | Presales Senior Director | Leadership |
Amit Jain | Chief Strategy Officer | Leadership |
Melissa Viccione | Svp, Head Of Global Total Rewards | Leadership |
Pramod Gargate | Key Account Director | Leadership |
Daniel Spieß | Regional Director Customer Success Management | Leadership |
Carla Riney | Vice President Of Product Management | Leadership |
Brian Gordon | Senior Director Of Product Management | Leadership |
Oscar Ornelas | Vp, Chief Product Security Officer | Leadership |
Jeff Zemsky | Vice President Of Product Management | Leadership |
Kanisha Raina | Vice President Human Resources | Leadership |
Tal Halutsy | Director, Software Engineering | Leadership |
Holger Schmiedefeldt | Vice President, Sales And Customer Solutions | Leadership |
Ugo de Maio | Regional Director, Customer Success Management | Leadership |
Tom Salvoni | Director, IT Infrastructure And Architecture - IT Strategy | Leadership |
829 more people are available in the full profile.
Complete people profiles for Axeda
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
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- Professional contacts
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Investments & Acquisitions by Axeda
Axeda has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Questra.
| Company Name | Description | Domain | Location | Founded | Acquired | Amount |
|---|---|---|---|---|---|---|
Veterinary medicines and feed supplements are manufactured and supplied. | questra.com | San Francisco, United States | 1989 | Dec 2008 | •••• |
Complete acquisition details for Axeda
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Competitors of Axeda
Axeda has 10 listed competitors in our database, 10 of them funded. They include PubNub, ThingWorx, Seebo, Losant and ClearBlade, among others.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| pubnub.com | 2010 | San Francisco, United States | $134.6M | 55 | Real-time app development is facilitated via cloud-based infrastructure. | |
| thingworx.com | 2009 | Boston, United States | $18.4M | 2,559 | Platform to build and run applications for connected devices | |
| seebo.com | 2012 | Tel Aviv, Israel | $40.5M | – | Cloud-based digital twin platform for IoT lifecycle management is provided. | |
| losant.com | 2015 | Cincinnati, United States | $25.21M | 15 | Cloud-based platform for IoT application development is provided. | |
| clearblade.com | 2007 | Austin, United States | $12.84M | 37 | Provider of cloud-based edge computing platform | |
| winjit.com | 2004 | Nashik, India | $2.93M | 916 | IoT application development platform and mobility solutions are provided. | |
| octaipipe.ai | 2016 | London, United Kingdom | $4.63M | 17 | AI platform for data processing and analysis is developed. | |
| axonize.com | 2015 | Tel Aviv, Israel | $7.5M | – | Provides platform and backend as a service for IOT Applications | |
| waygum.io | 2013 | Dublin, United States | $1.5M | – | Mobile layer for industrial IoT is developed by Waygum. | |
| microej.com | 2005 | Nantes, France | $3.35M | – | Provider of an IDE platform for IoT development |
Detailed competitors of Axeda
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- Full competitor set
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Web traffic of Axeda
Websites that share an audience with Axeda (axeda.com).
Websites whose visitors overlap most with Axeda. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| thingworx.com | 100% | 98.8K | – | View details | |
| xively.com | 84% | – | – | View details | |
| attivio.com | 74% | – | – | View details | |
cloveretl.com | cloveretl.com | 74% | – | – | – |
| numerex.com | 69% | – | – | View details | |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
All 16 similar websites and full traffic analytics for Axeda
The complete similar-websites list, audience overlap and engagement analytics require an active premium plan.
- 16 similar websites
- Audience overlap
- Engagement analytics
- Traffic by brand
Verified entity values are shown only after access is granted.
Top companies in Industrial IoT & Smart Manufacturing
10 companies that operate in the same segment as Axeda (Industrial IoT & Smart Manufacturing), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
AI-powered cloud-based vehicle tracking solutions are offered for fleet owners. | 2015 | San Francisco, California, United States | USD 915 M | USD 1.62 B | 5,792 | |
Cloud-based smart security cameras are manufactured for home use. | 1999 | Provo, Utah, United States | USD 172 M | USD 341.04 M | 11,275 | |
Cloud-based network infrastructure for IoT applications is provided. | 2004 | Boise, Idaho, United States | USD 154.85 M | USD 8.52 M | 165 | |
Wireless security platform for IoT applications is provided. | 2015 | Palo Alto, California, United States | USD 1.17 B | – | – | |
Blockchain-based connectivity for IoT applications is facilitated. | 2017 | Menlo Park, California, United States | USD 50 M | – | – | |
IoT connectivity platform from prototype to production is developed. | 2011 | San Francisco, California, United States | USD 134.87 M | – | 109 | |
Cloud-based smart locks for residential and commercial access are provided. | 2014 | New York, New York, United States | USD 152.78 M | USD 70.12 M | 266 | |
Keyless smart locks are developed for consumer and commercial applications. | 2015 | Singapore, Singapore | USD 32.28 M | – | – | |
Provider of cyber security solutions for asset visibility and threat management | 2000 | San Jose, California, United States | USD 120.28 M | USD 4.03 M | 1,330 | |
Mesh-based connectivity solutions for IoT applications are provided. | 2014 | San Francisco, California, United States | USD 90 M | – | – |
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Frequently Asked Questions about Axeda
Axeda was founded in 2000 and raised its 1st funding round 5 years after it was founded.
Axeda is headquartered in Foxborough, United States. It is registered at Foxborough, Massachusetts, United States.
Axeda is a funded company, having raised a total of $31.57M across 6 funding rounds to date. The company's 1st funding round was a Series A of $9.57M, raised on Dec 2005.
Axeda was founded in 2000 and is headquartered in Foxborough, United States, within the IoT sector. Connected products and machines are managed via cloud-based services, while M2M and IoT applications are implemented. Machine data is integrated by manufacturers and service providers to generate insights, support application development, and streamline business operations across various industries.
Axeda has made 1 acquisition, including Questra.
Axeda has 5 investors. Key investors include Mitsui & Co, Wipro, PTC, JMI Management, and MMV Financial.
Axeda operates through Axeda Corporation.
Yes. Axeda was acquired by PTC in July 2014.