ProAxion, Inc. logo — Maximizing Industrial Uptime

ProAxion, Inc.

Maximizing Industrial Uptime

Founded 2015 United States Cary, United States 10 employees Acquired Total: $2.87M AI, Industrial +3

General Information

Company Name ProAxion, Inc.
Founded Year 2015
Location United States Cary, United States
Employees 10
Industries AI, Industrial, Information Technology +2
Funding Stage Acquired
Business Model B2B, SaaS, Platform
Revenue Model Subscription, Usage Based, Tiered Pricing
Social

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About ProAxion, Inc.

ProAxion, Inc., founded in 2015, is making strides in the realm of Industrial Internet of Things (IIoT) with its mission to "Maximize Industrial Uptime." The company addresses the critical need for minimizing downtime in industrial manufacturing by deploying advanced wireless sensor technology and cutting-edge computing solutions. By focusing on predictive maintenance, ProAxion helps industrial entities prevent disruptive machinery failures, enhancing overall competitiveness.

Operating within sectors like AI, Industrial, Information Technology, IoT, and Mobile, this United States-headquartered firm represents a fusion of innovation and practicality. Their recent funding includes a $1.69M Seed Round secured on July 7, 2022, primarily from the Triangle Tweener Fund. This investment primarily supports scaling operations and refining their technology, promising a significant reduction in costly downtimes for manufacturers. ProAxion's progress and vision present a compelling proposition for investors focused on sustainable industrial advancements.

Taxonomy: Industrial IoT, Predictive Maintenance, Machine Reliability, Wireless Sensor Technology, Data-Driven Operations, Predictive Analytics, Industrial Connectivity, Manufacturing Efficiency, Equipment Failure Prevention, Mission-Critical Machines, Industrial Monitoring, IIoT Solutions, Uptime Maximization, Machine Health Monitoring, Smart Manufacturing

Services & Products

Predictive Maintenance Solutions
Machine Health Analytics
Remote and Wireless Monitoring Systems
Data Analysis and Reporting

Target Customers

Manufacturers Industrial Plant Operators Maintenance Teams Reliability Engineers

Funding Rounds & Investors (7)

View All
Funding Stage Amount Investors Lead Investors Date
Acquisition Undisclosed 1
DECIDE4ACTION
01 Oct 2025
Seed Undisclosed 1
Triangle Tweener Fund
01 Jul 2022
Seed $1.70M 1
VentureSouth
01 Mar 2022
Debt Financing $100.00K -
01 Jul 2020
Convertible Note $520.00K -
01 Oct 2018
Seed $500.00K 1
Triangle Angel Partners
01 Sep 2017
Grant $50.00K 1
NC IDEA MICRO
01 Jun 2016

ProAxion, Inc. Alternatives & Competitors

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ProAxion, Inc. vs

Distributed intelligence - Disrupting industrial asset life cycle management | condence.io

Series B
5 employees
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ProAxion, Inc. vs
ELMODIS
ELMODIS Poland

We make industry smarter

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ProAxion, Inc. vs
OneWatt
OneWatt The Netherlands

We Make Sense of The Noise

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3 employees
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FAQ About ProAxion, Inc.

Maximizing Industrial Uptime
ProAxion, Inc. was founded in 2015.
ProAxion, Inc. is headquartered in Cary, United States.
ProAxion, Inc. operates in AI, Industrial, Information Technology, IoT and Mobile. Its work centres on Industrial IoT, Predictive Maintenance, Machine Reliability and Wireless Sensor Technology. Its customers include Manufacturers, Industrial Plant Operators and Maintenance Teams.
ProAxion, Inc. has a B2B, SaaS and Platform business model. Its revenue comes from Subscription, Usage Based and Tiered Pricing.
ProAxion, Inc. has approximately 10 employees.
ProAxion, Inc. has completed 7 funding rounds, raising a total of $2.87M. The latest funding stage is Acquired.
ProAxion, Inc. offers: Predictive Maintenance Solutions, Machine Health Analytics, Remote and Wireless Monitoring Systems, Data Analysis and Reporting.
Top alternatives and competitors to ProAxion, Inc. include Distence Ltd, ELMODIS, OneWatt, talpasolutions, Petasense. These companies operate in related industries and serve comparable markets. You can compare them side by side on Bounce Watch.
ProAxion, Inc. and Distence Ltd are both companies in similar industries. Compare their funding, team size, growth signals, and market position on Bounce Watch to see which one fits your needs.

Source: BounceWatch company record for ProAxion, Inc., https://bouncewatch.com/company/proaxion, updated 23 July 2026. When citing, please name BounceWatch and link this page.

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