Axonize

Company Overview

Snapshot

Founded in January 2015 by Janiv Ratson, Shachar Levi, and Amir Unger, Axonize operated with 11–50 employees. The company raised $7.5 million across two funding rounds from four investors. A significant milestone was its acquisition by Planon in June 2021.

Business overview

Axonize developed an IoT application enablement platform delivered as a DIY service, providing all necessary backend functionality. The platform's architecture allowed users to deploy multiple applications across various industries with minimal time and effort, emphasizing depth in business logic via DIY configuration without specialized backend development. Axonize served markets in Israel and the United States, operating within the Industrial Technologies sector, focusing on areas like process automation and intelligence systems, cloud, sensing, and IoT communications.

Strategic signal

In June 2021, Axonize was acquired by Planon, which subsequently introduced its Hyper-Connected Building offering. This acquisition signals a strategic move by Planon to integrate Axonize's IoT platform to enhance its capabilities in smart building solutions, indicating a consolidation trend in the IoT and facility management sectors and validating Axonize's technology for broader enterprise applications.

Company Intelligence Q&A

What was the most significant corporate event for Axonize?

Axonize was acquired by Planon in June 2021. This acquisition led to Planon introducing its Hyper-Connected Building offering, integrating Axonize's IoT platform.

When was Axonize founded and by whom?

Axonize was founded in January 2015 by co-founders Janiv Ratson, Shachar Levi, and Amir Unger.

How much capital did Axonize raise in total?

Axonize raised a total of $7.5 million across two funding rounds. The first round was a Seed round in February 2016, and the second was an A Round in April 2018.

Which investors participated in Axonize's funding rounds?

In April 2018, Axonize received funding from investors including StageOne Ventures. In February 2016, StageOne Ventures led a funding round, with participation from.

What was the nature of the partnership between Qore Technologies and Axonize?

In September 2019, Qore Technologies and Axonize partnered to develop a disruptive solution aimed at improving IoT profitability.