Axiom Cloud announced it raised $11 Million in an initial filing from an offering of $12.3 Million
10/12/22, 3:35 PM
Location
san jose
Money raised
$11 million
Industry
information technology
Company Info
Location
6203 san ignacio avenue
san jose, california, united states
Additional Info
At Axiom Cloud, our mission is to use software and automation to transform how the world’s cooling systems are powered, operated, and maintained, in order to generate significant climate and financial impact.
We provide value to our customers and make cooling systems more sustainable in the following ways:
- By predicting equipment issues and making cooling systems more efficient, we lower maintenance costs and reduce the energy required to achieve the same amount of cooling.
- By adding power flexibility and energy storage to cooling systems, we generate revenue for our customers and enable higher penetrations of intermittent renewables (solar, wind, etc.) onto the grid.
- By identifying and curtailing refrigerant leaks early, we help reduce the amount of high-GWP refrigerants released into the atmosphere.
Axiom’s team of refrigeration experts, data scientists, energy nerds, and software developers solves retail grocery’s biggest energy and maintenance challenges by layering intelligence onto their existing refrigeration systems. Experience with commercial refrigeration systems is at our core, and we plan to leverage this experience across multiple industry categories to make the world’s cooling systems more sustainable.