PAXAFE

PAXAFE

IoT-driven cargo insurance risk platform

Overview

PAXAFE provides a risk-management platform for cargo shipments that uses IoT sensor data and predictive analytics to improve pricing and coverage for insurance. It collects real-time shipment data across modes (LTL, FTL, ocean, air, parcel) and creates an Adaptive Risk Score that incorporates supply chain inputs and external data such as weather and traffic. This score helps insurers price products based on actual shipment risk rather than customer profiles. The platform delivers real-time visibility and a digital footprint detailing who, what, when, where, and how for each shipment, with configurable alerts for potentially harmful deviations. Target users include shippers, insurers, and carriers, and the business model is subscription-based, generating recurring revenue from access to platform features and insights. Overall, PAXAFE aims to enhance supply chain visibility, risk management, and proactive decision-making across the logistics and insurance markets.

About PAXAFE

Simplify's Rating
Why PAXAFE is rated
B-
Rated B on Competitive Edge
Rated B on Growth Potential
Rated C on Differentiation

Industries

Data & Analytics

Automotive & Transportation

Enterprise Software

Financial Services

Company Size

11-50

Company Stage

Series A

Total Funding

$13.7M

Headquarters

Indianapolis, Indiana

Founded

2019

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Simplify's Take

What believers are saying

  • July 23, 2026 PAXAFE hired Mark Talens to scale global sales and partnerships.
  • July 29, 2026 pharma cold-chain compliance pressure expands demand for decision intelligence.
  • 2024 Series A from Framework and M12 followed 330 percent revenue growth and $14 million raised.

What critics are saying

  • project44, Controlant, and Tive compress visibility pricing across 2026.
  • PAXAFE remains concentrated in pharma cold chain, and one slow buying cycle stalls growth.
  • If Azure or Peli BioThermal channels miss, its $14 million war chest evaporates by 2027.

What makes PAXAFE unique

  • 2026 CONTXT links lane qualification, command center, and automated product release.
  • July 28, 2026 Peli BioThermal partnership combines packaging hardware with PAXAFE analytics.
  • August 6, 2026 Azure Marketplace listing gives Microsoft-channel deployment and credits.

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Funding

Total Funding

$13.7M

Below

Industry Average

Funded Over

5 Rounds

Series A funding typically happens when a startup has a product and some customers, and now needs funding to scale. This money is usually used to grow the team, expand marketing, and improve the product. Venture capital firms are frequently the main investors here.
Series A Funding Comparison
Below Average

Industry standards

$15M
$8.2M
Discord
$9M
PAXAFE
$15M
Canva
$30M
Kalshi

Benefits

Health Insurance

Company Equity

Paid Vacation

Remote Work Options

Growth & Insights and Company News

Headcount

6 month growth

3%

1 year growth

-3%

2 year growth

0%
Read Magazine
Jul 29th, 2026
Peli BioThermal partners with PAXAFE to redefine pharmaceutical cold chain intelligence.

Peli BioThermal partners with PAXAFE to redefine pharmaceutical cold chain intelligence. July 29, 2026 Peli BioThermal, the global partner to the life sciences industry and a leader in temperature-controlled packaging and services, and PAXAFE, a pioneering pharmaceutical logistics & quality intelligence platform, announced a strategic partnership that brings together proven cold chain packaging expertise and cutting-edge digital innovation united by a single purpose: to protect the integrity of pharmaceutical supply chains worldwide. Supply Chain Management Packaging Excellence Meets Digital Intelligence - A Comprehensive Approach to Critical Pharma Supply Chains Peli BioThermal is the trusted cold chain partner to the global life sciences industry, providing temperature-controlled packaging and services that protect pharmaceuticals, biologics, vaccines, and advanced therapies during transport. The company has earned a reputation for reliability, innovation, and performance across even the most demanding pharmaceutical supply chains. Through a portfolio that includes the Crēdo Vault bulk shipper, CrēdoGO reusable shipper, and DV10 dry vapor shipper, Peli BioThermal continues to invest in solutions that help customers protect critical products and operate with confidence as regulatory requirements evolve and supply chains become increasingly complex. Discover more Supply Chain Management Agriculture & Forestry Manufacturing PAXAFE brings a purpose-built pharmaceutical logistics intelligence platform to the partnership, designed specifically for the regulatory and operational demands of GDP- and GMP-governed environments. With a focus on lane planning, real-time visibility, quality operations and predictive analytics, PAXAFE delivers the digital depth that modern pharmaceutical supply chains require - turning complex logistics data into actionable intelligence that reduces risk, ensures compliance, and protects patient outcomes. Supply Chain Management Together, Peli BioThermal and PAXAFE address the full spectrum of pharmaceutical supply chain needs: from the physical protection and transport of sensitive products in the field to the intelligent analysis, alerting, and compliance reporting that regulated industries depend on. Together, both companies are strengthening their offering with advanced compliance capabilities for GDP/GMP-regulated environments. Sam Herbert, CEO, Peli BioThermal: "Peli BioThermal has built its reputation by being the partner life sciences companies can rely on when it matters most - protecting products at every stage of the cold chain. Partnering with PAXAFE is the logical next step in that journey. Together, we give the pharmaceutical industry something it has always needed: proven cold chain packaging reliability combined with the power of cutting-edge digital intelligence in a single, fully integrated solution." Discover more Healthcare Time & Calendars Factory Automation Doug Ross, President and COO, Peli BioThermal: "Innovation has always been at the heart of how Peli BioThermal serves the life sciences industry. We continually challenge ourselves to look beyond traditional cold chain solutions and develop new ways to create value for our customers. Our partnership with PAXAFE brings together trusted packaging expertise and advanced digital intelligence to deliver a smarter, more connected future for pharmaceutical logistics. This is more than a technology integration-it's an example of how innovation can solve real-world challenges at scale." Ilya Preston, CEO, PAXAFE: "Trust in the pharmaceutical supply chain is not given - it is earned, over time, through consistent performance and an unwavering focus on outcomes. What we are building together is not a vendor relationship - it is a shared commitment to raising the standard of what integrated pharmaceutical supply chain monitoring can deliver. That commitment is what the industry has been waiting for." Brian Shultz, Chief Growth Officer, PAXAFE: "The market opportunity here is significant - and it is grounded in a real, unmet need. Pharmaceutical companies are under growing pressure to demonstrate compliance, reduce losses, deliver end-to-end transparency across their supply chains. What Peli BioThermal and PAXAFE bring to market together is an integrated answer to that challenge - combining proven cold chain packaging reliability with the predictive intelligence modern pharma logistics demands. Together, we are not just responding to market demand - we are defining what comes next." Supply Chain Management

PR Newswire
Jul 23rd, 2026
PAXAFE names Mark Talens chief commercial officer to scale AI-powered cold chain logistics

PAXAFE has appointed Mark Talens as chief commercial officer to lead global sales, delivery, customer support, and partnerships. The Indianapolis-based company provides AI-powered decision intelligence for cold chain logistics. Talens brings over 25 years of pharmaceutical and supply chain experience. He previously served as executive vice president and chief strategy solutions officer at ParkourSC, where he applied AI to supply chain decision-making for pharma, life sciences, and consumer goods clients. Before transitioning to technology, he spent 25 years in pharmaceuticals, most recently as associate vice president of global supply chain operations at Organon. PAXAFE's platform aims to help life sciences and cold chain organisations move from passive visibility to proactive, AI-driven decision-making in logistics orchestration and quality compliance.

National Diversity Council
Jul 23rd, 2026
PAXAFE appoints Mark Talens as Chief Commercial Officer to accelerate next stage of growth.

PAXAFE appoints Mark Talens as Chief Commercial Officer to accelerate next stage of growth. PAXAFE, Inc. July 23, 2026 Experienced pharmaceutical supply chain and AI strategy executive joins PAXAFE to scale revenue as demand grows for AI-powered decision support in cold chain logistics. INDIANAPOLIS, July 23, 2026 /PRNewswire/ - PAXAFE, the company delivering AI-powered decision intelligence for cold chain logistics, today announced the appointment of Mark Talens as Chief Commercial Officer (CCO). In this role, Mark will lead PAXAFE's global sales, delivery, customer support, and partnerships as the company scales to meet rising demand for AI-powered logistics orchestration and quality compliance software - strengthening customer outcomes and trust across pharmaceutical, life sciences, and end-to-end cold chain networks. "Mark brings a rare combination of deep pharmaceutical supply chain expertise and proven success scaling AI-powered technology platforms," said Ilya Preston, co-founder and CEO of PAXAFE. "As more life sciences and cold chain organizations look to move from passive visibility to proactive, AI-driven decision-making, Mark's experience on both the customer and technology sides of that transformation will be instrumental." Mark brings more than 25 years of pharmaceutical and supply chain experience to PAXAFE. He joins from ParkourSC, where he served as Executive Vice President, Chief Strategy & Solutions Officer, driving strategic product innovation and applying AI to reshape supply chain decision-making for customers across pharma, life sciences, and consumer goods. His work earned him recognition as a 2025 Supply Chain "Pros to Know" honoree from Supply & Demand Chain Executive. Prior to his transition into technology, Mark spent 25 years in the pharmaceutical industry, most recently as Associate Vice President of Global Supply Chain Operations at Organon, where he was a founding member responsible for leading the company's supply chain spin-off from Merck. Between Merck and Organon, he held a wide variety of roles at market, regional and global level as well as leading the Global SC operations and SCM COE. Mark holds a Master of Science degree in Industrial Engineering & Business Administration from Eindhoven University of Technology. "Complexity across life sciences and adjacent supply chains keeps rising, along with the regulatory burden that comes with it. Most organizations already have the data - what they lack is the context to turn it into a decision. That blind spot drives bias into service levels, patient outcomes, and cost of quality. PAXAFE closes that gap, giving teams a faster path to a complete, contextual, and unbiased end-to-end correlated view of the network" said Mark Talens, CCO, PAXAFE. "PAXAFE's approach to AI-powered decision support addresses exactly the kind of exception fatigue and inefficiency I've spent my career trying to solve - first as a supply chain practitioner, and more recently as a technology executive. I'm excited to join the team and help the industry and customers realize the full value of their visibility investment and drive trust and speed to decision" About PAXAFE PAXAFE is a GxP cold chain decision intelligence & quality compliance platform that eliminates silos, digitizes and automates compliance workflows, and empowers teams with contextual intelligence to protect product, reduce cost, and drive toward zero waste. SOURCE PAXAFE, Inc. Distributed by PR Newswire / Cision.

SiliconANGLE Media
May 7th, 2024
Paxafe raises $9M to enhance AI-driven cold chain logistics operations

Paxafe raises $9M to enhance AI-driven cold chain logistics operations - SiliconANGLE

Yahoo Finance
May 7th, 2024
Paxafe raises $9M, highlights 330% revenue growth over past year

Paxafe, an AI software provider for the cold chain market, announced Tuesday it has closed on a $9 million Series A funding round led by Framework Venture Partners with participation from Microsoft venture capital fund M12, Rosecliff Ventures, Elevate Ventures, AngelList Quant Fund, Gaingels and Mama Ventures.

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