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Axiom Cloud announced it raised $11 Million in an initial filing from an offering of $12.3 Million

Oct 12, 2022over 2 years ago

Amount Raised

$11 Million

San JoseInformation Technology

Company Information

Company

AXIOM CLOUD

Location

6203 SAN IGNACIO AVENUE

San Jose, California, United States

About

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.

Funding Insights

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