Panax Secures $15M to Boost AI-Driven Cash Flow Management for Businesses.
Panax is focused on transforming finance functions into revenue-generating operations by optimizing liquidity and increasing operational efficiency through AI-enhanced tools.
Company Name: Panax
Location: New York City, NY
Sector: Financial Technology
Funding Details: Raised $15M in funding, with investments from Team8 and TLV Partners.
Purpose of Investment: To expand sales and support teams, establish a New York City office, and enhance product development.
Leadership: Co-founded by CEO Noam Mills, CTO Sefi Itzkovich, and CBO Niv Yaar.
Product: Panax provides an AI-driven cash flow management platform designed to help mid-market and large companies achieve comprehensive visibility and control over their cash operations. The platform offers features like AI-driven automation for forecasting, transaction categorization, proactive reporting, and trend analysis.
About Company: Panax is focused on transforming finance functions into revenue-generating operations by optimizing liquidity and increasing operational efficiency through AI-enhanced tools.
