ProAxion Overview

  • Year Founded
  • 2014

Year Founded

  • Status
  • Private

  • Employees
  • 10

Employees

  • Latest Deal Type
  • Debt

  • Latest Deal Amount
  • $150K

  • Investors
  • 13

ProAxion General Information

Description

Developer of a predictive software tool designed to define the industrial Internet of Things (IoT) by preventing the unexpected failure of mission-critical machines. The company's tool helps to predict the average life and the time intervals by which the industrial machines and systems need to be repaired, enabling companies to maximize the up-time and overall competitiveness of industrial manufacturing facilities.

Contact Information

Website
www.proaxion.io
Ownership Status
Privately Held (backing)
Financing Status
Venture Capital-Backed
Corporate Office
  • 107 Kilmayne Drive
  • Suite B
  • Cary, NC 27511
  • United States
+1 (877)
Primary Industry
Business/Productivity Software
Other Industries
Media and Information Services (B2B)
Electronic Equipment and Instruments
Vertical(s)
Advanced Manufacturing, Internet of Things
Corporate Office
  • 107 Kilmayne Drive
  • Suite B
  • Cary, NC 27511
  • United States
+1 (877)

ProAxion Timeline

2022202320242025
Financing RoundCaptured Employee CountEstimated Employee Growth

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ProAxion Valuation & Funding

Deal Type Date Amount Raised to Date Post-Val Status Stage
9. Debt - General 23-Jul-2024 $150K Completed Generating Revenue
8. Later Stage VC 16-Aug-2022 Completed Generating Revenue
7. Later Stage VC 07-Apr-2022 Cancelled Generating Revenue
6. Later Stage VC (Series 1) 25-Feb-2022 Completed Generating Revenue
5. Later Stage VC 09-Jul-2020 Completed Generating Revenue
4. Seed Round 18-Sep-2017 Completed Startup
3. Grant 01-Mar-2016 Completed Startup
2. Angel (individual) 20-Dec-2015 Completed Startup
1. Accelerator/Incubator 03-Dec-2015 Completed Startup
To view ProAxion’s complete valuation and funding history, request access »

ProAxion Cap Table

Stock # of Shares
Authorized		 Par Value Dividend Rate (%) Original
Issue Price		 Liquidation Liquidation
Pref. Multiple		 Conversion Price % Owned
Seed II-B
Seed II-A
Seed II-C 32,548 $0.000100 $3.32 $3.32 1x $3.32 1.22%
Seed 397,977 $0.000100 $2.2 $2.2 1x $2.2 14.88%
To view ProAxion’s complete cap table history, request access »

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ProAxion Comparisons

Description
Primary
Industry
HQ Location
Employees
Total Raised
Post Valuation
Last
Financing
Details
Developer of a predictive software tool designed to define the industrial Internet of Things (IoT) by preventing the une
Business/Productivity Software
Cary, NC
10 As of 2024

Charlottesville, VA
 

Leuven, Belgium
 
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ProAxion Competitors (4)

One of ProAxion’s 4 competitors is TwinThread, a Venture Capital-Backed company based in Charlottesville, VA.

Company Name Financing Status Location Employees Total Raised Last Financing Date/Type Last Financing Amount
TwinThread Venture Capital-Backed Charlottesville, VA
VersaSense Venture Capital-Backed Leuven, Belgium
Petasense Venture Capital-Backed Milpitas, CA
Fluke Process Instruments Corporate Backed or Acquired Everett, WA
To view ProAxion’s complete competitors history, request access »

ProAxion Patents

  • 2

    Total Documents Applications and Grants

  • Total Patents Families

  • 2

    Granted

  • Pending

  • Expiring in next 12 mo

ProAxion Recent Patent Activity

Publication ID Patent Title Status First Filing Date Technology (CPC) Citations
US-10697822-B2 Devices, methods and computer program products providing multi-axis vibrational measurement with predictive analysis Active 31-Jan-2017
US-20180216990-A1 Devices, methods and computer program products providing multi-axis vibrational measurement with predictive analysis Active 31-Jan-2017

ProAxion Signals

Growth Rate

Weekly
Growth
Weekly Growth

Size Multiple

Median
Size Multiple

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ProAxion Investors (13)

Investor Name Investor Type Holding Investor Since Participating Rounds
Atlanta Technology Angels Angel Group Minority
Front Porch Venture Partners Venture Capital Minority
Tamiami Angel Funds Angel Group Minority
2ndF Family Office Minority
Triangle Tweener Fund Venture Capital Minority
You’re viewing 5 of 13 investors. Get the full list »

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ProAxion FAQs

  • When was ProAxion founded?

    ProAxion was founded in 2014.

  • Where is ProAxion headquartered?

    ProAxion is headquartered in Cary, NC.

  • What is the size of ProAxion?

    ProAxion has 10 total employees.

  • What industry is ProAxion in?

    ProAxion’s primary industry is Business/Productivity Software.

  • Is ProAxion a private or public company?

    ProAxion is a Private company.

  • What is ProAxion’s current revenue?

    The current revenue for ProAxion is .

  • How much funding has ProAxion raised over time?

    ProAxion has raised $2.69M.

  • Who are ProAxion’s investors?

    Atlanta Technology Angels, Front Porch Venture Partners, Tamiami Angel Funds, 2ndF, and Triangle Tweener Fund are 5 of 13 investors who have invested in ProAxion.

  • Who are ProAxion’s competitors?

    TwinThread, VersaSense, Petasense, and Fluke Process Instruments are competitors of ProAxion.

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