About ProAxion
ProAxion is a company based in Raleigh (United States) founded in 2015. ProAxion has raised $2.62 million across 5 funding rounds from investors including Triangle Angel Partners, VentureSouth and The Launch Place. ProAxion offers products and services including ProAxion System, Sensors, and Analytics Tools. ProAxion operates in a competitive market with competitors including UpKeep, Uptake, Uptime AI, I-Care and Infinite Uptime, among others.
- Headquarter Raleigh, United States
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Sectors
TechnologyIndustrial Goods & Manufacturing
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Email
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Phone
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Website
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Social
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- Legal Name Proaxion, Inc.
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Annual Revenue
Not available
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Net Profit
Not available
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EBITDA
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Total Equity Funding
$2.62 M (USD)
in 5 rounds
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Latest Funding Round
$1.69 M (USD), Seed
Mar 03, 2022
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Investors
Triangle Angel Partners
& 3 more
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Employee Count
Not available
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Products & Services of ProAxion
ProAxion offers a comprehensive portfolio of products and services, including ProAxion System, Sensors, and Analytics Tools.
Wireless platform for monitoring industrial machine health and preventing outages
Easy-to-install devices for vibration analysis in manufacturing environments
User-friendly analytics for interpreting machine data and alerting users
Funding Insights of ProAxion
ProAxion has successfully raised a total of $2.62M across 5 strategic funding rounds. The most recent funding activity was a Seed round of $1.69 million completed in March 2022. 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.
Investors in ProAxion
ProAxion has secured backing from 4 investors, including venture fund and institutional investors. Prominent investors backing the company include Triangle Angel Partners, VentureSouth and The Launch Place.
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Early-stage ventures in the Southeast are supported by VentureSouth.
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The Launch Place is engaged in supporting startups through funding and mentoring.
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Investor details for ProAxion
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- Investor domains
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Investments & Acquisitions by ProAxion
Investment portfolio details for ProAxion
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- Portfolio identities
- Transaction dates
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Financial Statements - ProAxion
Detailed financials for ProAxion
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- Historical revenue
- Profit trends
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Proaxion Comparisons
Peer comparison for ProAxion
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- Named peers
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Competitors of ProAxion
ProAxion 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 UpKeep, Uptake, Uptime AI, I-Care and Infinite Uptime, among others.
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Web-enabled solutions for asset operations and maintenance management are offered.
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Cloud-based predictive analytics platform is utilized for asset maintenance insights.
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Provider of cloud based management solutions
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Predictive maintenance solutions are provided for industrial equipment.
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AI-powered predictive maintenance solutions are provided for industrial equipment reliability.
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Provider of IoT-enabled machine health monitoring solutions
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Detailed competitors of ProAxion
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Latest news on Proaxion
Complete news archive for ProAxion
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Frequently Asked Questions about ProAxion
ProAxion was founded in 2015 and raised its 1st funding round 1 year after it was founded.
ProAxion is headquartered in Raleigh, United States. It is registered at Raleigh, North Carolina, United States.
ProAxion is a funded company, having raised a total of $2.62M across 5 funding rounds to date.
Founded in 2015 and based in Raleigh, United States, ProAxion operates in the industrial IoT sector. Plug-and-play sensors are offered to measure and transmit vibration and temperature data from rotating machines such as motors, gearboxes, bearings, and pumps. Connectivity is enabled through a gateway using cellular, WiFi, or Ethernet to link sensors with the cloud. A web-based dashboard is provided for data analysis, alerts, and historical trends.
ProAxion's top competitors include UpKeep, Uptime AI and Infinite Uptime.
ProAxion offers ProAxion System, Sensors, and Analytics Tools.
ProAxion has 4 investors. Key investors include Triangle Angel Partners, VentureSouth, The Launch Place, and NC IDEA.