Peaxy Raises $2.5M in Seed Funding
Summary
Peaxy Inc., a San Jose, CA-based startup that provides data storage and management software, said it raised $2.5m in seed funding. Italian Federico Faggin, who serves as chairman of the board, is among the investors. Led by CEO Manuel Terranova, a former senior vice president at General Electric, Peaxy is developing the Peaxy Hyperfiler™, which uses a proprietary architecture and a “multi-tenant, multi-workload” storage approach to store and manage large and unstructured datasets. The product is planned for release late 2013 targeting mid-tier and enterprise-class customers, as well as external cloud providers. The company has also begun Series A discussions with a group of accredited investors.
Funding
Amount
$17.0M
Total raised
Date
August 16, 2013
Announcement date
Investors
-
Lead investors
Company
http://www.peaxy.net
Funded company
Classifications
industries
No industries detected
applications
AI & Machine learning
AskAI Classifications
Labels
Battery Analytics Software
Energy Management SaaS
Digital Twin Software
Linked Companies
Peaxy, Inc.
$1M to $5M