Peaxy is a San Jose, CA-based cloud software company that provides battery lifecycle analytics and digital twins. Founded in 2012 and led by CEO and President Manuel Terranova, the company specializes in battery data using AI, machine learning, and predictive analytics. Its flagship product, Peaxy Lifecycle Intelligence (PLI), delivers cloud-based, at-scale lifecycle analytics and a unified data vision to streamline battery R&D, manufacturing, integration, and field operations. Peaxy recently raised $12M in a Series B2 financing to accelerate its battery analytics product offering. The company plans to use the funds to expand market reach in stationary energy storage, electric vehicles, and defense. Peaxy provides software that enables enterprises to find, mine, manage and reuse data assets and supports advanced analytics across the organization via its Hyperfiler product. The Hyperfiler is a large-scale software-defined architecture that consolidates data across types and infrastructures and delivers search, security and data management services. Peaxy’s patented unified namespace assigns and retains permanent file pathnames to ensure uninterrupted access to data assets across file migrations and technology refresh cycles. Customers in industries such as aviation, automotive, genomics and energy use the software to enable data-centric business models like predictive maintenance and accelerated drug discovery. The company plans to use recent funding to expand platform features and commercial efforts into a wider range of industrial and life-sciences customers. Peaxy was founded in 2012 and is based in San Jose, California; it has raised a total of $32 million to date. Peaxy develops an all-software HyperfilerTM that is hardware-agnostic and designed to simplify storage and management of data ranging from single-terabyte to multi-petabyte. The company’s product targets mid-tier and enterprise-class customers as well as external cloud providers. An early version of the technology is being evaluated by a select group of Fortune‑100 companies. Peaxy has assembled a 15-member team with deep-domain expertise in large-scale file systems and product commercialization. CEO Manuel Terranova, a former senior vice president at General Electric, leads the company. Peaxy is based in San Jose, California, and plans a product release in late 2013 while pursuing growth and commercialization.

Total raised

$30M

Funding rounds

3

Latest round

Series B

Latest activity

Jul 2023