PAXAFE predicts adverse events through the supply chain to de-risk B2B shipments and enable intelligent cargo insurance. By building ML models that properly diagnose and label excursions, PAXAFE is uniquely positioned to leverage more granular, contextual data to accurately identify when, where and under which conditions future adverse events are likely to occur. PAXAFE's intelligence platform – CONTXT - leverages near real-time telematics, third-party and ERP data to provide a digital twin to the physical supply chain capable of answering who, what, when, where, how and why. CONTXT enables shippers, 3PLs / carriers and insurance providers the ability to intercept at-risk shipments, automate claim diagnosis and root cause analysis, and improve loss ratios via improved underwriting. PAXAFE’s platform decreases cargo loss while improving operational efficiencies. PAXAFE - a venture-backed C-Corp - is a graduate of gener8tor Accelerator, was a 2019 Accelerate Michigan startup competition finalist and a 2020 ACORD InsurTech Challenge finalist, and is a top 20 Wisconsin startup to watch in 2020 and 2021. PAXAFE is currently a part of the Creative Destruction Lab (CDL) - Risk stream.
Location: United States, Wisconsin, Milwaukee
Employees: 1-10
Total raised: $2.25M
Founded date: 2019
Investors 6
Date | Name | Website |
- | gener8tor | gener8tor.... |
- | Right Side... | rightsidec... |
08.07.2022 | Creative D... | creativede... |
- | FinTech Ve... | fintechv.c... |
17.04.2021 | Ubiquity V... | ubiquity.v... |
- | Levo Capit... | levocapita... |
Funding Rounds 1
Date | Series | Amount | Investors |
16.04.2021 | Seed | $2.25M | - |
Mentions in press and media 7
Date | Title | Description | Source |
12.05.2022 | Milwaukee-born supply chain tech startup PAXAFE raises $1.5M | - | bizjournal... |
20.04.2021 | Supply chain startup PAXAFE pulls in $2.25 million in seed f... | - | bizjournal... |
19.04.2021 | PAXAFE raises $2.25 million | Milwaukee-based provider of smart packaging technology for high-value products PAXAFE PAXAFE Founde... | coverager.... |
16.04.2021 | Paxafe, which offers visibility into B2B supply chains, rais... | Did you miss a session from GamesBeat Summit 2022? All sessions are available to stream now. Learn m... | venturebea... |
16.04.2021 | PAXAFE Raises $2.25M Seed Funding Round | MILWAUKEE, WI, PAXAFE announced a $2.25 million seed round of funding led by Ubiquity Ventures. &... | vcnewsdail... |
16.04.2021 | Paxafe, which offers visibility into B2B supply chains, rais... | Join Transform 2021 this July 12-16. Register for the AI event of the year. Paxafe, a platform usin... | venturebea... |
16.04.2021 | Pafaxe Raises $2.25M in Seed Funding | Pafaxe, a Milwaukee-based AI and machine learning startup focused on improving the way supply chain ... | finsmes.co... |