Axiom Cloud, a San Jose, CA-based company that focuses on refrigeration management in the software industry, closed $5 million in funding.
SaaS Investors
The round was led by Toshiba Tec and Windsail Capital Group.
Toshiba Tec Corporation supports workstyle reform in various workplaces, such as retail industries and offices. The Toshiba Tec Group aims to become "A global top solutions partner" through the co-creation of new values and solutions to resolve social issues with its customers and partners while leveraging its globally developed sales and service networks.
WindSail Capital Group is a Boston-based investment firm that provides growth capital to early-stage commercial businesses advancing energy and climate solutions. WindSail aligns with entrepreneurs to offer creative capital solutions that meet their specific needs while facilitating growth and minimizing dilution.
Axiom Cloud Use of Funds
The company will use the funding to accelerate the deployment of the company's AI-powered "Early Leak Detection" (ELD) module, which detects refrigerant leaks earlier without requiring any new onsite hardware or sensors.
About Axiom Cloud
Axiom Cloud offers software solutions that enhance the efficiency of refrigeration systems, predict maintenance needs, detect leaks early, and manage energy demand. Its services primarily cater to the grocery and cold storage sectors. Axiom Cloud uses AI and automation to transform how the world's cooling systems are powered, operated, and maintained, to generate significant climate and financial impact. It was founded in 2020 and is based in San Jose, California.
Funding Details
Company: Axiom Cloud Inc.
Raised: $5.0M
Round: Unknown
Funding Month: March 2024
Lead Investors: Toshiba Tec and Windsail Capital Group
Additional Investors:
Company Website: https://axiomcloud.ai/
Software Category: Refrigeration Management Software
Source: https://www.prnewswire.com/news-releases/axiom-cloud-closes-5-million-in-funding-to-accelerate-deployment-of-refrigerant-leak-detection-software-302072187.html