# Axiom Exergy

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/axiom-exergy

- Industry: Energy Storage & Batteries
- Headquarters: Richmond, US
- Website: www.axiomexergy.com
- Total disclosed funding: $7.6M
- Latest round: Series A (May 9, 2018)
- Investors on record: 5

## About

Axiom Exergy Inc. focuses on innovative refrigeration management solutions for the grocery and cold storage sectors, enhancing energy efficiency and operational effectiveness through advanced software applications.Axiom Exergy Inc. provides software solutions for the management of refrigeration systems. The company was co-founded by Amrit Robbins and Nikhil Saralkar. Its headquarters is located in Richmond, US. In May 2018, Axiom Exergy raised USD 7.6 mn in a Series A funding round led by GXP Investments and Shell International B.V., with participation from Meson Capital, SV Tech Ventures, and WorldQuant Ventures. This funding marked the company's third funding deal, totaling USD 7.6 mn raised to date.Axiom Cloud specializes in software solutions for refrigeration management tailored to the grocery and cold storage sectors. Their core offerings include modules for enterprise visibility, energy efficiency, predictive maintenance, early leak detection, and demand response management. These solutions integrate with existing refrigeration systems to provide real-time monitoring, data analytics, and predictive insights that help clients improve energy efficiency, reduce operational costs, and ensure compliance with regulatory standards like those set by the EPA. Primary end-users include grocery retailers, food service operators, and cold storage facilities.Axiom Cloud’s revenue model is based on a subscription structure for their software services, allowing clients to access various modules for a recurring fee. Transactions typically occur between Axiom Cloud and its B2B clients, including grocery chains and cold storage operators, subscribing to modules based on their needs. Each subscription may encompass multiple modules, with pricing reflecting the scale and functionalities required. Partnerships with technology providers may further augment Axiom Cloud's service offerings.Axiom Exergy plans to utilize the recent funding of USD 7.6 mn from the Series A round to enhance its product development and expand into new markets. The company aims to design and launch new modules for its software solutions by the end of 2023, focusing on improving features for energy efficiency and predictive maintenance. Additionally, Axiom Exergy intends to enter new geographical markets across North America, particularly targeting urban centers with stringent refrigeration regulations.

## Funding rounds

- Series A, May 9, 2018, $7.6M — WorldQuant Ventures, SV Tech Ventures, Shell International Ltd, GXP Investments, Meson Capital

## Investors

- WorldQuant Ventures (https://capitalatlas.ai/funds/worldquant-ventures) — Series A
- SV Tech Ventures (https://capitalatlas.ai/funds/sv-tech-ventures) — Series A
- Shell International Ltd — Series A
- GXP Investments — Series A
- Meson Capital — Series A