Axion Ray raised $17.5M in Series A funding led by Bessemer Venture Partners and RTX Ventures to expand AI capabilities and scale go-to-market efforts.
Amount Raised
$17.5 Million
Round Type
Series A
New YorkSoftwareArtificial IntelligenceMachine LearningInvestors
Description
Axion Ray, a NYC-based provider of an AI-powered observability command center, raised $12.5M in Series A funding led by Bessemer Venture Partners including strategic investment from RTX Ventures. Existing investors, Amplo and Inspired Capital also participated. The round brought the total amount to $25M. The company intends to use the funds to further expand its AI capabilities within technical issue detection and scale its go-to-market effort to new industries.
Quick answer
Axion Ray raised $17.5 Million in a Series A round, dated March 12, 2024. Investors: Inspired Capital, Amplo, Rtx Ventures and Bessemer Venture Partners. Axion Ray is based in New York, New York, United States.
- How much did Axion Ray raise?
- Axion Ray raised $17.5 Million in a Series A round on March 12, 2024.
- Who invested in Axion Ray?
- Inspired Capital, Amplo, Rtx Ventures and Bessemer Venture Partners are named as investors in this round.
- What does Axion Ray do?
- Axion Ray is the leading AI observability command center relied on by global manufacturing companies to detect and solve emerging quality issues affecting customers at the earliest warning signals.
- Where is Axion Ray based and how big is it?
- Axion Ray is based in New York, New York, United States. Fundz records about 400 employees.
- Who are the decision-makers at Axion Ray?
- Fundz holds 2 contacts at Axion Ray, including the Founder & CEO. Names and contact details are shown to Fundz members.
Source: Fundz verified event record.
Who else raised in Software and Artificial Intelligence around the same time
Companies in the same sectors as Axion Ray that raised within 45 days of this round, from Fundz verified event records.
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