Axion Ray Secures $12.5M Series A to Drive AI-powered Quality Issue Resolution in Manufacturing
Axion Ray revolutionizes manufacturing companies' management and resolution of quality issues.
Company Name: Axion Ray
Location: New York City, NY
Sector: AI-powered Observability for Manufacturing
Funding Details: Raised $12.5M in Series A funding, bringing the total funding to $25M. Bessemer Venture Partners led the round with a strategic investment from RTX Ventures, and participation from existing investors Amplo and Inspired Capital.
Purpose of Investment: To expand its AI capabilities in technical issue detection and to scale its go-to-market efforts across new industries.
Leadership: Led by CEO and Founder Daniel First.
Product: Axion Ray provides an AI-powered observability command center that helps global manufacturing companies detect and solve emerging quality issues early. It is utilized by Fortune 500 manufacturers across electronics, automotive, medical devices, and consumer products sectors.
About Company: Axion Ray revolutionizes manufacturing companies' management and resolution of quality issues. By equipping field engineers with AI tools for detection, investigation, and resolution, Axion Ray facilitates better cross-functional collaboration and accelerates problem-solving processes. The company's innovative approach has attracted a customer base that includes industry giants like Baxter, Cummins, Newell, Boeing, Pratt & Whitney, and DENSO.