TLDR:
Key Points:
- Axion Ray, a NYC-based provider of an AI-powered observability command center, raised $12.5M in Series A funding.
- The round was led by Bessemer Venture Partners and included strategic investment from RTX Ventures.
Axion Ray, a provider of AI-powered observability solutions, has announced $17.5M in Series A funding. The round, led by Bessemer Venture Partners and including strategic investment from RTX Ventures, brings the company’s total funding to $25M. Axion Ray plans to use the funds to enhance its AI capabilities for technical issue detection and expand its market reach across industries.
Founded by CEO Daniel First, Axion Ray offers an AI observability command center used by global manufacturing companies to detect and address emerging quality issues. With a customer base including Fortune 500 manufacturers like Baxter and Boeing, the company aims to empower enterprises to tackle critical business challenges by utilizing AI for cross-functional investigation and issue resolution.
CEO Daniel First expressed excitement about scaling the company’s AI capabilities with the new funding, emphasizing the importance of enabling field engineers to detect and resolve issues with the help of AI technology. The investment will further support Axion Ray’s mission to provide effective solutions for its customers in various industries such as electronics, automotive, medical devices, and consumer products.
