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CALIFORNIA, 15 July 2023: Peaxy, a leading cloud software company providing battery lifecycle analytics and digital twins, has raised USD 12m in a Series B2 funding round. The investment will be used to accelerate product development and expand the market reach of Peaxy Lifecycle Intelligence (PLI), the company’s flagship cloud-based predictive analytics platform.
PLI is a unified data platform that consolidates data from all stages of the battery lifecycle, including research and development, manufacturing, integration, operations, and end of life. This allows businesses to gain valuable insights that can be used to enhance safety, reduce costs, optimize performance, and extend battery life.
“Our customers are finding that managing their battery data is becoming more and more challenging and costly,” said Manuel Terranova, CEO and President of Peaxy. “This funding round expresses confidence in our vision for a unified, AI-driven solution for battery data management and digital twins. With the support of our investors, we’re poised to lead the industry with a mature and proven product offering and the deep domain experience Peaxy brings to its customers.”
Peaxy’s customers include some of the leading companies in the stationary energy storage, electric vehicles, and defense industries. The company’s software is used to manage battery data for a wide range of applications, including microgrids, electric vehicles, and military vehicles.
With this funding, Peaxy is well-positioned to continue its growth and expand its reach into new markets. The company is committed to providing its customers with the best possible battery lifecycle analytics solutions, and this funding will help them to achieve that goal.
Key Takeaways
- Peaxy has raised USD 12m in a Series B2 funding round.
- The investment will be used to accelerate product development and expand the market reach of Peaxy Lifecycle Intelligence (PLI).
- PLI is a unified data platform that consolidates data from all stages of the battery lifecycle.
- Peaxy’s customers include some of the leading companies in the stationary energy storage, electric vehicles, and defense industries.
- Peaxy is committed to providing its customers with the best possible battery lifecycle analytics solutions.
