About Axion Ray
Axion Ray is a company based in Brooklyn (United States) founded in 2021 by Rebecca Trachtenberg and Daniel First.. Axion Ray has raised $25 million across 2 funding rounds from investors including RTX, Bessemer Venture Partners and Boeing. Axion Ray operates in a competitive market with competitors including VoyagerX, Augtera, OptimalPlus, RelationalAI and Ridge-i, among others.
- Headquarter Brooklyn, United States
- Founders Rebecca Trachtenberg, Daniel First
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Sectors
TechnologyTransportation, Automotive & Logistics
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Email
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Phone
*********
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Website
*********
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Social
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Annual Revenue
$69.45 K (USD)0as on Mar 31, 2022
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Net Profit
$-24.27 K (USD)0as on Mar 31, 2022
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EBITDA
$-24.8 K (USD)0as on Mar 31, 2022
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Total Equity Funding
$25 M (USD)
in 2 rounds
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Latest Funding Round
$17.5 M (USD), Series A
Mar 12, 2024
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Investors
RTX
& 5 more
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Employee Count
Employee Count
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Funding Insights of Axion Ray
Axion Ray has successfully raised a total of $25M across 2 strategic funding rounds. The most recent funding activity was a Series A round of $17.5 million completed in March 2024. 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 Total Funding
- Total Rounds 2
- Last Round Series A — $17.5M
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First Round
First Round
(16 Feb 2023)
- Investors Count 6
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Mar, 2024 | Amount | Series A - Axion Ray | Valuation | Bessemer Venture Partners | |
| Feb, 2023 | Amount | Seed - Axion Ray | Valuation | Amplo , Inspired Capital |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Axion Ray
Axion Ray has secured backing from 6 investors, including venture fund and institutional investors. Prominent investors backing the company include RTX, Bessemer Venture Partners and Boeing. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Venture capital investments and support for entrepreneurs in technology and innovation sectors.
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Founded Year | Domain | Location | |
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African software startups are funded by Amplo venture capital firm.
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Founded Year | Domain | Location | |
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Axion Ray
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Axion Ray
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Axion Ray Comparisons
Competitors of Axion Ray
Axion Ray operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as VoyagerX, Augtera, OptimalPlus, RelationalAI and Ridge-i, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
AI-based software solutions are provided through an innovative platform.
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| domain | founded_year | HQ Location |
AI development services are provided to clients by Augtera.
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| domain | founded_year | HQ Location |
Yield management solutions are provided for the semiconductor industry.
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| domain | founded_year | HQ Location |
Knowledge graph coprocessor is developed for data cloud environments.
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| domain | founded_year | HQ Location |
AI development services are provided by Ridge-i in Japan.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Axion Ray
Frequently Asked Questions about Axion Ray
When was Axion Ray founded?
Axion Ray was founded in 2021 and raised its 1st funding round 2 years after it was founded.
Where is Axion Ray located?
Axion Ray is headquartered in Brooklyn, United States. It is registered at Brooklyn, New York, United States.
Who is the current CEO of Axion Ray?
Daniel First is the current CEO of Axion Ray. They have also founded this company.
Is Axion Ray a funded company?
Axion Ray is a funded company, having raised a total of $25M across 2 funding rounds to date. The company's 1st funding round was a Seed of $7.5M, raised on Feb 16, 2023.
What is the annual revenue of Axion Ray?
Annual revenue of Axion Ray is $69.45K as on Mar 31, 2022.
What does Axion Ray do?
Axion Ray was founded in 2021 and is headquartered in Brooklyn, United States. Data analytics solutions based on artificial intelligence are offered to original equipment manufacturers and suppliers. The platform incorporates automated language interpretation, data aggregation, analysis, alerts, predictive modeling, and related functions. Operations focus on the automotive sector, enabling efficient data processing and insights.
Who are the top competitors of Axion Ray?
Axion Ray's top competitors include VoyagerX, Augtera and OptimalPlus.
Who are Axion Ray's investors?
Axion Ray has 6 investors. Key investors include RTX, Bessemer Venture Partners, Boeing, Amplo, and Inspired Capital.