Axiom Cloud is a SaaS startup founded in 2020 with the mission of revolutionizing the way cooling systems are operated and maintained using software and automation. The company's slogan, "We use software and automation to transform how the world’s cooling systems are powered, operated, and maintained," encapsulates its core objective. Axiom Cloud aims to bring about significant environmental and financial impact by enhancing the sustainability of cooling systems. Axiom Cloud's approach to value creation lies in its ability to predict equipment issues, improve the efficiency of cooling systems, and reduce maintenance costs and energy consumption. Through the integration of power flexibility and energy storage, the company enables its customers to generate revenue and supports the greater incorporation of intermittent renewables into the grid. Additionally, Axiom Cloud's early detection and containment of refrigerant leaks contribute to the reduction of high-GWP refrigerants released into the atmosphere. The company's team, comprising refrigeration experts, data scientists, energy specialists, and software developers, specializes in addressing the energy and maintenance challenges in the retail grocery sector by introducing intelligence into existing refrigeration systems. Axiom Cloud's expertise in commercial refrigeration forms the foundation for its expansion into various industry segments, all with the common goal of making global cooling systems more sustainable. Axiom Cloud received $5.00M in a Venture Round investment on 27 February 2024, with Toshiba Tec Corp. and WindSail Capital participating as investors. With its innovative approach to sustainable cooling solutions, Axiom Cloud presents an intriguing investment opportunity within the SaaS sector, poised to make a significant impact in the industry and beyond.
Funding Stage | Amount | No. Investors | Investors | Date |
---|---|---|---|---|
Venture Round | $5.00M | 2 | 27 Feb 2024 | |
Series A | $7.40M | 8 | 18 Jan 2023 | |
Series A | $2.50M | 4 | 11 Oct 2021 | |
Grant | Unknown | 1 | US Department of Energy | 16 Sep 2021 |
Seed Round | $1.10M | 4 | 26 Jan 2021 |
No recent news or press coverage available for Axiom Cloud.