Paxafe Raises $9M in Series A Funding to Enhance AI Decision Support in Cold Chain Logistics
Paxafe aims to empower its customers to automate and optimize cold chain logistics, ensuring the highest quality outcomes.
Company Name: Paxafe
Location: Indianapolis, IN
Sector: Logistics Technology, Artificial Intelligence
Funding Details:
Paxafe, a leader in AI-powered decision support for cold chain logistics, has secured $9 million in Series A funding, bringing the total raised to $14 million. The round was led by Framework Venture Partners and included contributions from M12 (Microsoft’s Venture Fund), Rosecliff Ventures, Elevate Ventures, AngelList Quant Fund, Gaingels, Mana Ventures, as well as existing investors Ubiquity Ventures and Venture53.
Purpose of the Investment:
The investment will be used to meet growing customer demand, accelerate product innovation, and expand Paxafe’s global operations and key partner ecosystems.
Leadership:
CEO, Ilya Preston
Product Overview:
Paxafe’s SaaS platform, CONTXT, utilizes the ATHENA LLM technology to translate network data into proactive recommendations. These AI-driven insights help quality, transportation, and logistics leaders reduce product loss and optimize operations by enhancing decision-making capabilities in real-time.
Impact and Vision:
Paxafe aims to empower its customers to automate and optimize cold chain logistics, ensuring the highest quality outcomes. The technology focuses on extracting more value and resilience from existing visibility solutions, particularly through contextual analysis and actionable intelligence.