Axion Ray
Axion Ray is a tech company that uses high-precision AI to enhance manufacturing quality by detecting and resolving issues, leading to significant operational cost reductions and improved customer experiences.
Series A Funding
Axion Ray announced $17.5 million in Series A funding, led by Bessemer Venture Partners. This substantial investment highlights the confidence in Axion Ray’s innovative approach to utilizing AI in manufacturing. The funding is anticipated to drive further development and refinement of their technologies to solve quality issues.
AI for Manufacturing Quality
Axion Ray uses artificial intelligence to automatically detect, investigate, and resolve quality issues in manufacturing processes. By employing high-precision AI, Axion Ray can catch and contextualize emerging issues promptly, enabling quick resolutions. This technology benefits quality, service, and engineering teams by enhancing operational efficiency.
Key Performance Metrics
Axion Ray achieves notable performance metrics in the manufacturing sector. The company reports a 16% reduction in warranty and service operational costs. Additionally, there is a 30% increase in the speed of detection-to-issue countermeasure. Furthermore, Axion Ray’s technology results in a 27% decrease in downtime, thereby improving the overall customer experience.
Security and Compliance
Axion Ray places a strong emphasis on security and compliance. Data is hosted in ISO 27001 certified data centers, supplemented by SOC 2 reports. Axion Ray ensures network security through periodic automated network intrusion tests and encrypts data using AES-256 at rest, while connections are secured with TLS 256-bit encryption. Regular third-party audits and penetration testing are conducted to maintain security compliance. The company also integrates with leading identity management solutions to ensure secure access.
Collaboration and Integration
Axion Ray enables teams to gain visibility and collaborate across geographic regions and various departments. This capability allows for enhanced coordination and problem-solving efficiency. The platform's integration with leading identity management solutions ensures that secure access is maintained, further supporting seamless collaboration.