Axeda Corporation
Latest round
- Series B
Last raised
- Oct 2009
Total raised
- $5M
Investors
- 1
About Axeda Corporation
Axeda Corporation focuses on enabling businesses to implement IIoT solutions across various industries. In July 2014, the company was acquired by Parametric Technology. The firm is headquartered in Foxborough, US. The CEO is Surender Ranga and the corporation has been involved in a total of 7 deals.Axeda Corporation offers ThingWorx, an IIoT platform that addresses challenges faced by industrial sectors such as manufacturing and engineering.ThingWorx generates revenue through subscription models and licensing agreements, allowing clients access to tailored applications and tools. Subscriptions are structured based on the scale of solutions, including tiered pricing for connected devices or users.Following the acquisition in July 2014, Axeda Corporation aims to leverage its resources to enhance the ThingWorx platform and expand into new geographic markets. The company is strategizing to develop new product features, with a focus on improving scalability and integration capabilities. Plans for expansion are directed towards North America, Europe, and Asia-Pacific regions, aiming for substantial growth by the end of 2025. The capital from the recent Trade Sale will be utilized to support the development of these initiatives.
Who invested in Axeda Corporation
1 investor across 1 round
See all investors in Axeda Corporation
Sign up free to see every VC on the cap table, the rounds they joined, and how much each round raised.
Funding rounds
Series B
Oct 26, 2009
Amount
$5M
Investors
Questions about Axeda Corporation
Who invested in Axeda Corporation?
Axeda Corporation has 1 investor on record across 1 venture round. Sign up free to see every VC on the cap table and the rounds they joined.
How much funding has Axeda Corporation raised?
Axeda Corporation has raised 1 venture round. Sign up free to see how much each round raised and the total.
When did Axeda Corporation last raise money?
Axeda Corporation's most recent round on record is a Series B, in Oct 2009.
What does Axeda Corporation do?
Axeda Corporation focuses on enabling businesses to implement IIoT solutions across various industries.
Where is Axeda Corporation headquartered?
Axeda Corporation is headquartered in Foxborough, US.
Which VCs invest in companies like Axeda Corporation?
Among active investors with capital left to deploy, Andreessen Horowitz, Founders Fund, Accel and Thrive Capital back business support services companies at Axeda Corporation's stage. Their profiles are linked below.
VCs backing business support services startups at Series B
Raising like Axeda Corporation? Find the right VCs.
Capital Atlas matches your startup to active investors by stage, sector and region.