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PAXAFE

PAXAFE develops an AI-enabled, device-agnostic risk-management platform. It enables intelligent, dynamic shipping and cargo insurance
2018
Nov-50
11-50
Indiana, United States
  • Insurance
  • Logistics
  • Supply Chain Management

Innovation

Industry Problem

Temperature-sensitive and high-value shipments suffer product loss because logistics data are fragmented and risk is identified after excursions occur.

R&D Focus

Cold-chain decision intelligence; multimodal logistics data; generative AI for shipment risk.

Innovative Solution

CONTXT combines data from different tracking devices, carriers and external risk sources to predict disruptions, recommend interventions and document shipment quality. Athena adds a generative-AI interface.

Solution Effectiveness

PAXAFE reported 330% year-over-year recurring-revenue growth when announcing its 2024 Series A. Customer-level spoilage reduction was not independently verified in the reviewed sources.

Investment Funding

Last Funding Stage

Series A

Total Funding Amount

$14.8M

Last Funding Amount

$9M

Last Funding Date

05-07-2024

Startup Stage

Growth Stage

Lead Investors

Bluewater Companies, Elevate Ventures, Framework Venture Partners, Gaingels, M12

People

Founders

CEO

About

PAXAFE develops an AI-enabled, device-agnostic risk-management platform. It enables intelligent, dynamic shipping and cargo insurance

Products

Product

CONTXT decision-intelligence platform and Athena generative-AI assistant.

Star Product

CONTXT – the core device-agnostic platform integrating shipment risk and intervention workflows.

Demo Product or Complete Product?

Commercial enterprise software platform serving life-sciences and cold-chain logistics.

Future Plan

Market Expansion

The Series A was intended to scale product and global operations in life-sciences logistics.

Investment Funding

Raised US$9 million in a Series A announced in May 2024, bringing disclosed funding to about US$14 million. No later future round was announced.

M&A and Collabs

Collab

Peli BioThermal – partnership announced in July 2026 to connect reusable temperature-controlled packaging with shipment intelligence.

Collab

Multiple sensor and logistics-system integrations; individual commercial customer terms were not publicly disclosed.

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