Axiom Cloud
Canvas Category Software : Information Technology : Sustainability
Grocery and cold storage software to reduce energy and maintenance costs, service calls, and refrigerant leak rates. At Axiom Cloud, our mission is to use software and automation to transform how the world’s cooling systems are powered, operated, and maintained, in order to generate significant climate and financial impact.We provide value to our customers and make cooling systems more sustainable in the following ways: By predicting equipment issues and making cooling systems more efficient, we lower maintenance costs and reduce the energy required to achieve the same amount of cooling. By adding power flexibility and energy storage to cooling systems, we generate revenue for our customers and enable higher penetrations of intermittent renewables (solar, wind, etc.) onto the grid. By identifying and curtailing refrigerant leaks early, we help reduce the amount of high-GWP refrigerants released into the atmosphere. Axiom’s team of refrigeration experts, data scientists, energy nerds, and software developers solves retail grocery’s biggest energy and maintenance challenges by layering intelligence onto their existing refrigeration systems. Experience with commercial refrigeration systems is at our core, and we plan to leverage this experience across multiple industry categories to make the world’s cooling systems more sustainable.
Assembly Line
Axiom Cloud Raises $7.4M Series A to Transform Commercial Refrigeration using AI
Axiom Cloud today announced its $7.4M Series A financing led by Blue Bear Capital. Following large-scale rollouts with major North American grocery chains and cold storage warehouse operators, Axiom raised its Series A to prepare for its next phase of growth. Axiom will use the funding to scale its software, operations, and sales teams to meet accelerating market demand for its refrigeration software. In total, Axiom Cloud has raised approximately $11.6M since its inception in 2020.