# Peaxy

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/peaxy

- Industry: Software
- Headquarters: San Jose, US
- Website: www.peaxy.net
- Total disclosed funding: $10M
- Latest round: Series B (Feb 28, 2023)
- Investors on record: 3

## About

Peaxy, Inc. is a US-based company specializing in advanced battery analytics solutions, focusing on electrification and renewable energy sectors to enhance battery lifecycle management and operational efficiency.Founded in 2012 in San Jose, California, Peaxy, Inc. provides battery analytics solutions that cater to the needs of both private and government sectors. The company has successfully completed 4 deals, with the most recent funding round being a Series B in February 2023, where they raised USD 10.46 mn. The company is led by CEO Manuel Terranova, who has significant experience in technology and analytics. Peaxy, Inc. has been actively engaged in product development focused on battery lifecycle management since its inception.Peaxy, Inc. specializes in providing a comprehensive suite of battery analytics solutions targeted at the electrification and renewable energy sectors. Their core products include Peaxy Innovate™, Peaxy Build™, Peaxy Operate™, and Peaxy Predict™, which together cover the entire battery lifecycle from research and development to manufacturing, monitoring, and analytics. Peaxy Innovate™ aids in battery and component development, while Peaxy Build™ optimizes production by automating quality control. Peaxy Operate™ enables real-time monitoring of battery energy storage systems (BESS), and Peaxy Predict™ uses AI-driven analytics for improved operational decision-making. The company serves a broad clientele including government agencies and private sector firms across North America and Europe, focusing on battery efficiency and lifecycle management.Peaxy generates revenue primarily through direct B2B transactions involving its software solutions and services. Clients typically enter subscription agreements for ongoing access to the Peaxy platform, which can be tailored to align with their specific operational needs. The revenue model includes one-time implementation fees alongside recurring subscription payments, ensuring continuous support and updates. Although specific pricing plans are proprietary, flagship products like Peaxy Innovate™ and Peaxy Predict™ are integral to their offerings, addressing the needs of organizations prioritizing safety and performance in battery lifecycle management.Following the Series B funding round in February 2023, Peaxy, Inc. intends to utilize the USD 10.46 mn raised to enhance its product offerings further. The company is focused on developing new products that will expand their capabilities in battery analytics and lifecycle management. Additionally, Peaxy plans to target new markets in Asia and Europe in the coming years, aiming for expansion by 2024. This strategic growth initiative will involve enhancing their existing platforms while also exploring innovative solutions to meet the evolving needs of their clientele.

## Funding rounds

- Series B, Feb 28, 2023, $10M — Kleiner Perkins, Presidio Ventures, C5 Capital

## Investors

- Kleiner Perkins (https://capitalatlas.ai/funds/kleiner-perkins) — Series B
- Presidio Ventures (https://capitalatlas.ai/funds/presidio-ventures) — Series B
- C5 Capital (https://capitalatlas.ai/funds/c5-capital) — Series B