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Venture Capital News: Axiom Cloud Completes $5M Funding Round

2024-02-27
SAN JOSE, CA, Axiom Cloud, announced today that it closed $5 million in funding from Toshiba Tec and Windsail Capital Group.
This funding aims to accelerate the deployment of the company's AI-powered 'Early Leak Detection' (ELD) module, which detects refrigerant leaks earlier without requiring any new onsite hardware or sensors. Axiom Cloud's technology and services will be especially vital as facilities move to comply with recently-announced EPA regulations outlined in the American Innovation and Manufacturing (AIM) Act, which restrict commercial emissions of Hydrofluorocarbons (HFCs) through refrigerant leaks and other sources.

Axiom Cloud uses AI and automation to transform how the world's cooling systems are powered, operated, and maintained, in order to generate significant climate and financial impact. 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.
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