Venture In The South
Venture in the South is about angel investing in the Southeastern United States.
We interview founders and thought leaders, sponsor a few panels discussing significant events and share our own experiences with over 100 startup investments.
Released every Monday and usually 30-45 minutes long, ~50% of shows are Founder interviews, ~25% interviews with thought leaders and ~25% educational.
We invite feedback and suggestions via www.ventureinthesouth.com or email david@ventureinthesouth.com. If you like our show please subscribe and give us a rating with a quick review.
Thanks for listening and remember: Our mission is to MAKE MONEY, HAVE FUN AND DO GOOD.
Venture In The South
E78: The Story of Proaxion and Hardware as a Service (HaaS)
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Proaxion is transforming the industrial workplace at the intersection of technology and teamwork with IOT sensing solutions for rotating manufacturing equipment to maximize industrial uptime. CEO Eric Murray explains Proaxion's innovative predictive maintenance strategy. ProAxion is transitioning to a 'Hardware as a Service' subscription model from their existing SaaS model, which features state of the art networked digital sensors, simplified software adoption and sophisticated cloud analytics to drive exceptional machine health to avoid unplanned downtime. While facing multiple challenges during the pandemic and the ensuing supply chain contraction, Proaxion has set the stage for growth with 29% YoY growth in subscription revenue for 1H 2023 and a successful funding round as they roll out their state of the art Gen5 sensor and invest in further software development.
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Connect On LinkedIn with David at https://www.linkedin.com/in/davidgrisell/
Follow Paul on X at https://x.com/PalmettoAngel
Connect On LinkedIn with Paul at
https://www.linkedin.com/in/paulclarkprivateequity/
We invite your feedback and suggestions at www.ventureinthesouth.com or email david@ventureinthesouth.com.
