Peaxy, a software startup focusing on battery lifecycle analytics, raised a $12M Series B extension from an undisclosed investor.

 

Peaxy, a software startup focusing on battery lifecycle analytics, raised a $12M Series B extension from an undisclosed investor.  The company plans to use the funds to expand its product offering for the stationary energy storage and electric vehicles sectors.  In January, Peaxy partnered with Beast Code to provide a "first mile to last mile" predictive maintenance solution through digital twins for the defense industry. Peaxy's clients include the U.S. Navy, the Department of Energy, and the California Energy Commission, among others. The round brings the total raised by Peaxy to $44M.