Pax has raised $4.5M in Seed funding. The round was led by Initialized Capital with participation from Sancus, Basis Set, Soma Capital, General Catalyst, Transpose, ZVC1, and Flexport angels, aimed at scaling the team and enhancing their platform.

Pax, a San Francisco-based company specializing in AI-powered duty drawback, raised $4.5M in Seed funding. The round was led by Initialized Capital, alongside several notable investors. The company intends to use the funds to scale its team, enhance its platform, and expand operations. Pax provides AI-driven solutions to help companies maximize recoverable duties.