Fundraising FoxProaxion
Apex, US · Founded 2015 · Delaware corporation · 4 known investors
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ProAxion provides a wireless predictive maintenance and condition-based monitoring system that uses sensors and analytics to track machine health and prevent unplanned downtime. It serves manufacturers and industrial plant maintenance teams in their Industry 4.0 reliability efforts.
Founders & leadership
Proaxion was founded in 2015 by Justin Rothwell.
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Justin RothwellFounderJustin Rothwell co-founded and led ProAxion, an industrial IoT predictive maintenance platform using wireless sensors and cloud analytics for equipment monitoring, serving as CEO and Chief Product Officer through commercialization and acquisition. With over 25 years in industrial systems and connected devices, he has held engineering, sales, product, and executive roles across nuclear power, water/wastewater, pharmaceutical, and manufacturing sectors, with deep expertise in rotating equipment, HVAC systems, instrumentation and controls, and thermal-hydraulic modeling.
AW
Allen WestNamed on SEC filing
EP
Elliot PogerNamed on SEC filing
Investors · 4
Reported raises · per SEC filings
Form D private placements$2.5M disclosed across 3 rounds · 2017–2022
▶$1.7MraisedMar 2022 · 26 investors · Other TechnologyRule 506(b)
▶$1.7MraisedMar 2022 · 26 investors · Other Technology
Rule 506(b)Officers, directors & promoters on the filing
- Eric MurrayExecutive Officer, Director
- Bruce BoehmDirector
- Justin RothwellExecutive Officer, Director
- Allen WestDirector
- Offering amount
- $2M
- Amount sold
- $1.7M
- First sale
- Feb 2022
- Incorporated
- Corporation, Delaware
- Federal exemptions
- 06b
▶$95.4KraisedJul 2020 · 8 investors · Other TechnologyRule 506(b)
▶$95.4KraisedJul 2020 · 8 investors · Other Technology
Rule 506(b)Officers, directors & promoters on the filing
- Eric MurrayExecutive Officer, Director
- Allen WestDirector
- Justin RothwellExecutive Officer, Director
- Bruce BoehmDirector
- Offering amount
- $900K
- Amount sold
- $95.4K
- First sale
- Jun 2020
- Incorporated
- Corporation, Delaware
- Federal exemptions
- 06b
▶$752.9KraisedSep 2017 · 19 investors · Other TechnologyRule 506(b)
▶$752.9KraisedSep 2017 · 19 investors · Other Technology
Rule 506(b)Officers, directors & promoters on the filing
- Allen WestDirector
- Elliot PogerExecutive Officer, Promoter
- Justin RothwellExecutive Officer, Director, Promoter
- Offering amount
- $1M
- Amount sold
- $752.9K
- First sale
- Sep 2017
- Incorporated
- Corporation, Delaware, 2015
- Federal exemptions
- 06b
Source: SEC EDGAR Form D. Amounts as filed; amended filings shown once at their latest values.
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Frequently asked questions
- What does Proaxion do?
- ProAxion provides a wireless predictive maintenance and condition-based monitoring system that uses sensors and analytics to track machine health and prevent unplanned downtime. It serves manufacturers and industrial plant maintenance teams in their Industry 4.0 reliability efforts.
- Who founded Proaxion?
- Proaxion was founded by Justin Rothwell in 2015.
- Who are Proaxion's investors?
- Proaxion's investors include Atlanta Technology Angels, NC IDEA, Tamiami Angel, The Launch Place.
- How much funding has Proaxion raised?
- Proaxion has disclosed $2.5M raised across 3 rounds.
- Where is Proaxion headquartered?
- Proaxion is headquartered in Apex, US.