The round was led by Amplo and co-led by Inspired Capital. Boeing, Tinicum Venture Partners, and former executives from leading manufacturers such as General Motors also participated in the round. The San Francisco-based company launched in 2021 to provide effective stopgaps against the hundreds of billions of cost manufacturers incur each year due to quality issues in the hands of customers.

Axion Ray is the only AI-powered proactive intelligence platform that extracts actionable insight from unstructured manufacturing data in real time, effortlessly.