# Pyxis Technology

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/pyxis-technology

- Industry: Software
- Headquarters: Laval, Canada
- Website: www.pyxis-tech.com
- Total disclosed funding: $23M
- Latest round: Series C (Apr 7, 2009)
- Investors on record: 4

## About

Pyxis Technology offers advanced cloud computing solutions, focusing on application development and deployment through a comprehensive suite of services.Founded in 2004 in Laval, Canada, Pyxis Technology specializes in cloud computing solutions. In September 2010, the company was acquired by Mentor Graphics Corporation for USD 36.00 mn, reflecting a strategic move to enhance its operational capabilities. The company has engaged in a total of 7 deals since its inception.The company specializes in providing cloud computing solutions, with its core product being a comprehensive suite of services designed to facilitate application development and deployment. This includes a robust platform that allows users to build, host, and manage applications across a global network of Microsoft-managed data centers. The primary end use cases addressed by these services include scalable web hosting, data storage, and advanced analytics, catering to businesses seeking to enhance operational efficiency and innovation. Their client base encompasses a wide range of industries, including finance, healthcare, and retail, serving both small businesses and large enterprises. The products are marketed globally, with strong penetration in North America, Europe, and the Asia-Pacific region, positioning the company as a leader in the cloud services market.The company's revenue model is primarily based on a subscription-based structure, where clients pay for the usage of various cloud services. Transactions occur directly between the firm and its customers, allowing businesses to select from multiple pricing tiers based on their specific needs and scale of operations. For instance, clients may subscribe to plans that include features such as app hosting, database management, and additional services tailored to enhance security and compliance. Flagship offerings, like the Azure App Service, provide a seamless experience for businesses looking to deploy their applications quickly and efficiently. This structured approach ensures a steady revenue stream while fostering long-term partnerships with clients across various sectors.Following the acquisition by Mentor Graphics in September 2010, Pyxis Technology is strategizing its growth by focusing on enhancing its product offerings and expanding into new geographical markets. The funding received from the acquisition will be utilized to develop new cloud computing solutions aimed at increasing operational efficiency. The company plans to target markets in Europe and Asia-Pacific for expansion, aiming to establish a stronger presence by mid-2023.

## Funding rounds

- Series C, Apr 7, 2009, $3M — Austin Ventures, Formative Ventures, Presidio Partners, KT Venture Group
- Series B, Feb 12, 2008, $5.3M — Austin Ventures, Formative Ventures, Presidio Partners, KT Venture Group
- Series B, Jun 26, 2006, $9.2M — Austin Ventures, Formative Ventures, Presidio Partners
- Series A, Jul 26, 2004, $5.5M — Austin Ventures, Presidio Partners

## Investors

- Austin Ventures (https://capitalatlas.ai/funds/austin-ventures) — Series A, Series B, Series C
- Presidio Partners (https://capitalatlas.ai/funds/presidio-partners) — Series A, Series B, Series C
- Formative Ventures (https://capitalatlas.ai/funds/formative-ventures) — Series B, Series C
- KT Venture Group (https://capitalatlas.ai/funds/kt-venture-group) — Series B, Series C