Axion Ray, The Ai Platform For Proactive Engineering Management, Raises $7.5M To Enhance Product Integrity At Scale
Feb 16, 2023•over 2 years ago
Amount Raised
$7.5 Million
Investors
General MotorsTinicum Venture PartnersBoeingInspired CapitalAmplo
Description
Axion Ray, the AI platform transforming product integrity intelligence, today announced a $7.5M Seed round led by Amplo and co-led by Inspired Capital. Boeing, Tinicum Venture Partners, and former executives from leading manufacturers such as General Motors also participated in the round. The San Francisco-based company launched in 2021 to provide effective stopgaps against the hundreds of billions of cost manufacturers incur each year due to quality issues in the hands of customers.
Funding Insights
Based on industry dataVC-backed spending patterns
VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers