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
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Net Profit
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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
Employee Count
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Products & Services of ProAxion
ProAxion offers a comprehensive portfolio of products and services, including ProAxion System, Sensors, and Analytics Tools. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
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.
- Total Funding Total Funding
- Total Rounds 5
- Last Round Seed — $1.7M
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First Round
First Round
(09 Jun 2016)
- Investors Count 4
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Mar, 2022 | Amount | Seed - ProAxion | Valuation |
investors |
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| Jul, 2020 | Amount | Seed - ProAxion | Valuation |
investors |
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| Sep, 2017 | Amount | Seed - ProAxion | Valuation | Triangle Angel Partners |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| 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 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. 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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Founded Year | Domain | Location | |
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Early-stage ventures in the Southeast are supported by VentureSouth.
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Founded Year | Domain | Location | |
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The Launch Place is engaged in supporting startups through funding and mentoring.
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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 ProAxion
| 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 - ProAxion
| 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 |
Proaxion Comparisons
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. 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 |
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| domain | founded_year | HQ Location |
Web-enabled solutions for asset operations and maintenance management are offered.
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| domain | founded_year | HQ Location |
Cloud-based predictive analytics platform is utilized for asset maintenance insights.
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| domain | founded_year | HQ Location |
Provider of cloud based management solutions
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| domain | founded_year | HQ Location |
Predictive maintenance solutions are provided for industrial equipment.
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| domain | founded_year | HQ Location |
AI-powered predictive maintenance solutions are provided for industrial equipment reliability.
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| domain | founded_year | HQ Location |
Provider of IoT-enabled machine health monitoring solutions
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| Company Name | Domain | Founded year | HQ Location | Description |
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| 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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Frequently Asked Questions about ProAxion
When was ProAxion founded?
ProAxion was founded in 2015 and raised its 1st funding round 1 year after it was founded.
Where is ProAxion located?
ProAxion is headquartered in Raleigh, United States. It is registered at Raleigh, North Carolina, United States.
Is ProAxion a funded company?
ProAxion is a funded company, having raised a total of $2.62M across 5 funding rounds to date. The company's 1st funding round was a Seed of $752.93K, raised on Jun 09, 2016.
What does ProAxion do?
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.
Who are the top competitors of ProAxion?
ProAxion's top competitors include UpKeep, Uptime AI and Infinite Uptime.
What products or services does ProAxion offer?
ProAxion offers ProAxion System, Sensors, and Analytics Tools.
Who are ProAxion's investors?
ProAxion has 4 investors. Key investors include Triangle Angel Partners, VentureSouth, The Launch Place, and NC IDEA.