When was ProAxion founded?

ProAxion was founded in 2015 and raised its 1st funding round 1 year after it was founded.

Where is ProAxion located?

ProAxion is headquartered in Raleigh, United States.

How many employees does ProAxion have?

As of May 31, 2026, the latest employee count at ProAxion is 5.

Is ProAxion a funded company?

ProAxion is a funded company, having raised a total of $2.62M across 5 funding rounds to date. The company's 1st funding round was a $***** Grant (prize money) round, raised on Jun 09, 2016.

When was the latest funding round of ProAxion?

ProAxion's latest funding was a $***** Seed round on Mar 03, 2022, with participation from 0 investor. Its primary sector is Manufacturing Tech. In United States, the Manufacturing Tech sector has seen $1.28B in funding in 2026 to date.

Where does ProAxion rank among its competitors?

ProAxion ranks 35th amongst 590 active competitors, of which 81 are funded. It stands 7th in terms of total funding among its competitors. The most recent competitor to raise funding was Infinite Uptime, which secured $121K in Feb, 2026.

Who are the top competitors of ProAxion?

ProAxion's top competitors include Silicon Labs, Murata and Uptake. Among them, Infinite Uptime secured the most recent funding round in February, 2026.

ProAxion - 2026 Company Profile, Funding & Competitors

ProAxion is an acquired company based in Raleigh (United States), founded in 2015. It operates as a Provider of IoT-enabled industrial process monitoring sensors. ProAxion has raised $2.62M in funding from Triangle Angel Partners. The company has 590 active competitors, including 81 funded and 58 that have exited. Its top competitors include companies like Silicon Labs, Murata and Uptake.

Company Details

Provider of IoT-enabled industrial process monitoring sensors. It has developed a solution to maximize the up-time and overall competitiveness of industrial manufacturing facilities. The solution comprises a plug-and-play sensor to measure, transmit, and analyze vibration and temperature data for remote health monitoring of rotating machines including motors, gearboxes, pillow block bearings, and pumps. The gateway connects the sensor to the cloud via cellular, WiFi, and Ethernet. The company also provides a web-based dashboard that processes the sensor data from the cloud to provide diagnostic analysis plots, configurable text and email alerts, and historical trending of vibration and temperature data.

Website: proaxion.io
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Email ID: *****@proaxion.io

Key Metrics

Founded Year

2015

Location

Raleigh, United States

Stage

Acquired

Total Funding

$2.62M in 5 rounds

Latest Funding Round

Seed, Mar 03, 2022, $*****

Investors

Triangle Angel Partners & 5 more

Ranked

35^th among 590 active competitors

Employee Count

5 as on May 31, 2026

Similar Companies

Silicon Labs & 1034 more

Exit Details

Acquired by DECIDE4ACTION (Oct 08, 2025)

View ProAxion's full profile

ProAxion is associated with 1 legal entity given below:

Legal Entity Name	Date of Incorporation	Revenue	Latest Employee Count	Documents
Proaxion, Inc. CIN: 47-5247678 , United States, Active	Dec 31, 2014	-	-	-

ProAxion got acquired by DECIDE4ACTION on Oct 08, 2025.

Click here to take a look at ProAxion's acquisition in detail

ProAxion has raised a total funding of $2.62M over 5 rounds. Its first funding round was on Jun 09, 2016. ProAxion has 6 institutional investors.

Here is the list of recent funding rounds of ProAxion:

Filter this list

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Mar 03, 2022	6740526	Seed	3035268	8026263	2707141	3405665
Jul 09, 2020	4255343	Seed	3317288	3274600	4495465	9347828
Sep 18, 2017	7507494	Seed	7741678	7521335	Triangle Angel Partners	VentureSouth

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View details of ProAxion's funding rounds and investors

ProAxion's employee count trend

ProAxion has 5 employees as of May 26. Here is ProAxion's employee count trend over the years:

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Top competitors of ProAxion include Silicon Labs, Murata and Uptake. Here is the list of Top 10 competitors of ProAxion, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Silicon Labs 1996, Austin (United States), Acquired	Developer of wireless and non-wireless technologies, software, tools, and services	-	Silverton Partners, CenterPoint Ventures & 6 others	76/100
2nd	Murata 1944, Kyoto (Japan), Public	Manufacturer of electronic components, power products, and connectivity modules	-	Triodos Investment Management, Economy And Finance ... & 1 others	71/100
3rd	Uptake 2014, Chicago (United States), Series D	Cloud-based platform for predictive analytics and asset performance management	$282M	Baillie Gifford, Revolution & 13 others	71/100
4th	Infinite Uptime 2015, Alpharetta (United States), Series C	Provider of AI-powered predictive maintenance solutions for industrial equipment reliability	$68.7M	Ventureast, Tiger Global Management & 21 others	67/100
5th	Augury 2011, New York City (United States), Series F	Provider of IoT and cloud-based machine analytics and predictive maintenance solutions	$369M	Insight Partners, Formation 8 & 19 others	66/100
6th	Uptime AI 2019, San Francisco (United States), Series A	Provider of AI reasoning agents for industrial operational excellence solutions	$19M	WestBridge Capital, YourNest & 13 others	65/100
7th	I-Care 2004, Mons (Belgium), Series C	Provider of predictive maintenance solutions	$72.6M	CPH, IMBC & 3 others	64/100
8th	SymphonyAI 2017, Palo Alto (United States), Seed	AI and SaaS-based solutions for digital transformation	$2M	Floodgate, SAIGroup	61/100
9th	Endress+Hauser 1953, Reinach (Switzerland), Funding Raised	Provider of measurement instrumentation and automation solutions for industry	-	Europa	60/100
10th	TRACTIAN 2019, Sao Paulo (Brazil), Series C	AI company specializing in predictive maintenance and asset monitoring for manufacturing	$196M	Next47, Sapphire Ventures & 15 others	59/100
35th	ProAxion 2015, Raleigh (United States), Acquired	Provider of IoT-enabled industrial process monitoring sensors	$2.62M	Tweener Fund, VentureSouth & 4 others	45/100