The investment will accelerate product development and expand the market reach of Peaxy Lifecycle Intelligence (PLI), the company's flagship cloud-based predictive analytics platform that improves profitability by unifying battery lifecycle data.

Founded in 2012, Peaxy is a leading cloud software company that specializes in unlocking the maximum value from industrial battery data through AI, machine learning and predictive analytics. Peaxy Lifecycle Intelligence (PLI), the company's flagship solution, provides cloud-based, at-scale, lifecycle analytics and a unified data vision to streamline battery research and development, manufacturing, integration, and field operations.