Overview

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Status
Acquired by on July 24, 2014
Total Equity Funding
$22M in 3 Rounds from 3 Investors
Headquarters:
Foxboro, MA
Description:
Axeda provides cloud-based software for connected products and machine-to-machine applications.
Founders:
,
Categories:
Software, Enterprise Software, Internet of Things
Website:
http://www.axeda.com
Social:

Company Details

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Founded:
2000
Contact:
(150) 833-7920
Employees:
51 - 100 | 10 in Crunchbase

Axeda Corporation provides remote monitoring and management software and services to manufacturing companies, service providers, and enterprises. The company offers Axeda ServiceLink, an enterprise software system that enables product manufacturers to provide remote service to their customers; and Axeda On-Demand, the software-as-a-service version of Axeda ServiceLink that enables to outsource the IT management responsibilities of remote service implementation. Its software is used in various applications, including diagnosis and repair, remote access, and proactive problem detection, as well as case and patch management, preventive maintenance, and usage monitoring. The company also provides consulting and implementation, customer support, education, and hosting services. It serves homeland security, medical, life sciences, information technology, telecommunications, print and imaging, kiosks, industrial, semiconductor, and building automation markets.

The company was founded in 2000 and is headquartered in Foxboro, Massachusetts. Axeda Corporation is a former subsidiary of ITA Holdings, Inc.

Funding Rounds (4) - $26M

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DateAmount / RoundValuationLead InvestorInvestors
Aug, 2013$12M / Private Equity3
Jun, 2013$5M / Undisclosed0
Oct, 2009$5M / Series B1
Oct, 2009$4M / Debt Financing1

Acquisitions (1)

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DateAcquiredAmount
Dec 16, 2008Unknown

Current Team (10)

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Board Members and Advisors (2)

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Products (1)

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  • Axeda provides the most advanced cloud-based service for managing connected products.

Offices/Locations (2)

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  • HQ

    25 Forbes Boulevard

    Suite 3

    Foxboro, MA 02035

    USA

  • Office

    400 Linden Oaks

    Rochester, NY 14625

    USA

Past Team (3)

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Images (1)

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