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February 17, 2023

Axion Ray Successfully Raises $7.5 Million in Seed Round

Funding of $7.5 Million will lead to more efficient and effective manufacturing

Axion Ray, a platform that uses AI technology to provide manufacturing teams with proactive intelligence, raised $7.5 million in seed funding led by Amplo and Inspired Capital, with participation from Boeing, Tinicum Venture Partners, and former executives from leading manufacturers such as General Motors.

The funding will enable the company to make a significant number of new hires in the fields of engineering and artificial intelligence. This influx of new talent will help the company to expand and enhance its capabilities in these areas.

Established in 2021 in San Francisco, Axion Ray automates engineering and quality analytics, making manufacturing more efficient and effective. Its main objective is to automate engineering and quality analytics and extract valuable insights from unstructured manufacturing data in real-time. Axion Ray offers a range of features, including data aggregation, analysis, alerts, automated workflow management, and the ability to predict emerging quality issues.

Manufacturers are engineering increasingly complex products, and integrity challenges have grown exponentially, impacting customer safety and satisfaction. Leaders want to react faster but learn about problems months too late. By leveraging advancements in artificial intelligence, including Generative AI, Axion helps manufacturers set up a proactive command center platform that empowers executives and engineers to respond in real-time

- founder and CEO of Axion, Daniel First

Axion's mission is to provide engineering leaders with a top-tier decision intelligence platform that enables them to make informed and effective decisions. The aim is to enhance decision-making processes and promote maximum efficiency and positive outcomes.

Axion collaborates with Original Equipment Manufacturers (OEMs) and suppliers in various industries. Their customer base rapidly expands and includes companies such as Boeing, Penn Engineering, Cummins, and other manufacturers in the aerospace, defense, automotive, and medical device sectors.

February 17, 2023
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