When was PAXAFE founded?

PAXAFE was founded in 2018 and raised its 1st funding round within a year of its incorporation.

Where is PAXAFE located?

PAXAFE is headquartered in Milwaukee, United States.

Who is the current CEO of PAXAFE?

Ilya Preston of PAXAFE. They have also founded 1 company.

How many employees does PAXAFE have?

As of May 31, 2026, the latest employee count at PAXAFE is 27.

Is PAXAFE a funded company?

PAXAFE is a funded company, having raised a total of $15.3M across 7 funding rounds to date. The company's 1st funding round was a $***** Seed round, raised on 2018.

When was the latest funding round of PAXAFE?

PAXAFE's latest funding was a $***** Series A round on Oct 29, 2025, with participation from 0 investor.

Where does PAXAFE rank among its competitors?

PAXAFE ranks 20th amongst 148 active competitors, of which 33 are funded. It stands 7th in terms of total funding among its competitors. The most recent competitor to raise funding was PAXAFE, which secured $750K in Oct, 2025.

Who are the top competitors of PAXAFE?

PAXAFE's top competitors include FourKites, Project44 and ORBCOMM. Among them, PAXAFE secured the most recent funding round in October, 2025.

PAXAFE - 2026 Company Profile, Team, Funding & Competitors

Company Details

Developer of IoT-enabled, track and traceable packaging solutions for multiple industries. It develops IoT-enabled, reusable, traceable, and secure packaging solutions for industrial applications primarily in the logistics, jewelry, and insurance sectors. It allows the shipper to lock the high-value item into its package, and an online portal linked to a barcode on the package includes the shipment information. The receiver can track the package location, and even whether it has been dropped, via the portal. The software and hardware are sold on a per-month or per-shipment basis.

Website: www.paxafe.com/
Social
Email ID: *****@paxafe.com
Phone Number: +1 **********

Key Metrics

Founded Year

2018

Location

Milwaukee, United States

Stage

Series A

Total Funding

$15.3M in 7 rounds

Latest Funding Round

Series A, Oct 29, 2025, $*****

Investors

Gener8tor & 21 more

Ranked

20^th among 148 active competitors

Employee Count

27 as on May 31, 2026

Similar Companies

FourKites & 250 more

View PAXAFE's full profile

PAXAFE is associated with 1 legal entity given below:

Legal Entity Name	Date of Incorporation	Revenue	Latest Employee Count	Documents
PAXAFE Inc CIN: 83-2350436 , United States, Active	Dec 31, 2017	-	-	-

PAXAFE has raised a total funding of $15.3M over 7 rounds. Its first funding round was on 2018. PAXAFE has 20 institutional investors and 2 angel investors.

Here is the list of recent funding rounds of PAXAFE:

Filter this list

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Oct 29, 2025	8932788	Series A	5534617	3379977	2940405	8417225
Feb 23, 2024	9289892	Series A	3033175	3276791	8629137	M12 & 7 more
Jul 27, 2023	9003881	Seed	8669524	7551582	9986724	4551612

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View details of PAXAFE's funding rounds and investors

The founders of PAXAFE are Ashok Seetharam and Ilya Preston. Ilya Preston is the CEO of PAXAFE.

Here are the details of PAXAFE's key team members:

Ashok Seetharam: Co-Founder of PAXAFE and founder of 1 other company.
Contact Info: 1 email address
Ilya Preston: Co-Founder & CEO of PAXAFE.

View details of PAXAFE's Founder profiles and Board Members

PAXAFE's employee count trend

PAXAFE has 27 employees as of May 26. Here is PAXAFE's employee count trend over the years:

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Top competitors of PAXAFE include FourKites, Project44 and ORBCOMM. Here is the list of Top 10 competitors of PAXAFE, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	FourKites 2014, Chicago (United States), Series D	Developer of AI and web-based visibility solutions for the supply chain	$243M	Bain Capital Ventures, August Capital & 18 others	77/100
2nd	Project44 2014, Chicago (United States), Series G	Provider of cloud-based cargo and supply chain visibility tracking solutions	$912M	Sapphire Ventures, Emergence Capital & 26 others	75/100
3rd	ORBCOMM 1993, Rochelle Park (United States), Acquired	Provider of industrial Internet of Things solutions for asset management	$136M	Pacific Corporate Group, SES Satellites & 13 others	70/100
4th	Altana Technologies 2018, New York City (United States), Series C	Network of product information empowering supply chain partners and governments	$343M	Google Ventures, Usitfund & 18 others	64/100
5th	Arviem 2008, Baar (Switzerland), Public	Integrated solutions for real-time cargo monitoring	$15M	Verve Ventures, SICPA & 9 others	62/100
6th	Intugine 2013, Bengaluru (India), Seed	Provider of a platform for real-time multimodal supply chain visibility	$5.06M	Inflection Point Ventures, Kaleesuwari & 126 others	58/100
7th	Inspectorio 2015, Minneapolis (United States), Series B	Developer of supply chain management platform providing quality and risk solutions	$63.7M	Techstars, Target & 6 others	55/100
8th	Kaleris 2019, Alpharetta (United States), Funding Raised	Provider of supply chain execution software for terminal and transportation management	-	Accel-KKR	53/100
9th	Zetes 1984, Brussels (Belgium), Acquired	Supply chain, mobility and identification solutions for goods and people	-	E-Capital Equity Management:, Europa & 1 others	53/100
10th	Savi 1989, Alexandria (United States), Acquired	Provider of AI, cloud, IoT and RFID-enabled supply chain visibility solutions	$101M	Temasek, Accel & 13 others	53/100
20th	PAXAFE 2018, Milwaukee (United States), Series A	Developer of IoT-enabled, track and traceable packaging solutions for multiple industries	$15.3M	Rosecliff Ventures, Angel List & 20 others	44/100