Axiom Cloud, a San Jose, CA-based provider of software-enabled services to major grocery chains and cold storage companies, raised $7.4M in Series A funding.
The round was led by Blue Bear Capital, with participation from Leadout Capital, Momenta Ventures, Ulu Ventures, Powerhouse Ventures, Vela Partners, Frontier VC, and Artifact Capital. In total, Axiom Cloud has raised approximately $11.6M since its inception in 2020.
The company intends to use the funds to scale its software, operations, and sales teams.
Led by CEO Amrit Robbins, Axiom Cloud provides software-enabled services and cooling systems to major grocery chains and cold storage companies in hundreds of facilities across North America. Its approach combines real-world refrigeration experience with expertise in cloud analytics, thermophysical modeling, AI, and automation. Axiom’s Facilities Analyzer app provides enterprise visibility and analytics for fleets of central refrigeration systems across many sites. The Virtual Technician app provides predictive maintenance, early refrigerant leak detection, continuous energy commissioning, and autonomous actions to triage urgent issues. The Virtual Battery app transforms frozen inventory (such as ice cream and frozen peas) into an intelligent “thermal battery” using software.
Customers include Grocery Outlet, Sprouts, HelloFresh, Whole Foods Market, and other nationally-recognized brands.
FinSMEs
18/01/2023