# Axonize Ldt.

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/axonize-ldt

- Industry: Software
- Headquarters: Tel Aviv-Yafo, Israel
- Website: www.axonize.com
- Total disclosed funding: $7.8M
- Latest round: Series A (Apr 11, 2018)
- Investors on record: 4

## About

Axonize Ltd. is a pioneering software company based in Tel Aviv, Israel, specializing in integrated building management solutions that enhance operational efficiency and sustainability across various sectors.Founded in 2015 in Tel Aviv-Yafo, Israel, Axonize Ltd. provides innovative IoT-powered solutions for smart building management. The company was acquired by Planon Group in May 2021, expanding its reach in the building management sector. The co-founders, Amir Unger and Janiv Ratson, have played pivotal roles in the technology landscape, with Janiv Ratson currently serving as the CEO. Axonize has successfully raised USD 6.00 mn through a Series A funding round, with key investors including Cornerstone Ventures, Deutsche Telekom, Meron Capital, and StageOne Ventures. The company has completed a total of 3 deals as of the latest funding round.Axonize’s technology is integrated into Planon’s offerings, which specialize in Smart Sustainable Building Management software. Their core product suite includes solutions for real estate management, asset and maintenance management, energy and sustainability management, and campus management. These solutions aim to optimize building performance and comply with lease accounting standards, catering to facility management professionals, real estate organizations, and enterprises leveraging IoT technologies in North America, Europe, and Asia-Pacific regions.Axonize generates revenue primarily through subscription-based models for its software solutions. Organizations engage in yearly contracts for software licenses tailored to their specific needs. The offerings include the Lease Accounting Solution and real estate management software for SAP S/4HANA®, which are integral components of their subscription packages, ensuring long-term partnerships and recurring revenue streams as clients renew their subscriptions annually.Following its acquisition by Planon Group in May 2021, Axonize plans to enhance its product offerings by integrating advanced features into its building management software. The company aims to expand into new markets, particularly in Europe and Asia-Pacific, by the end of 2023. The recent funding will be utilized to support the development of new features and enhance market penetration initiatives, fostering growth and establishing a stronger presence in the global market.

## Funding rounds

- Series A, Apr 11, 2018, $6M — StageOne Ventures, Deutsche Telekom, Meron Capital, Cornerstone Ventures
- Seed, Feb 1, 2016, $1.8M — StageOne Ventures, Cornerstone Ventures

## Investors

- StageOne Ventures (https://capitalatlas.ai/funds/stageone-ventures) — Seed, Series A
- Cornerstone Ventures — Seed, Series A
- Deutsche Telekom — Series A
- Meron Capital (https://capitalatlas.ai/funds/meron-capital) — Series A