Silicon Valley-based Peaxy ranks #534 on the coveted 2019 Inc. 5000 list of fastest-growing privately held US companies.
SAN JOSE, August 28, 2019 — For the second year in a row, Peaxy’s revenue growth has made it one of America’s fastest growing privately held companies, ranking #534 overall on the 2019 Inc. 5000 list.
Peaxy, a Silicon Valley-based data analytics software company, monetizes IoT data from complex industrial equipment through machine-learning solutions, condition-based maintenance, and digital twins.
“We’re thrilled to be on the Inc. 5000 list for a second time,” says Manuel Terranova, CEO of Peaxy. “We have built a reputation for demonstrating value in under 120 days. We are not generalists, and that helps us differentiate from competitors such as IBM Watson, C3 and Uptake.”
Peaxy has extensive domain expertise in grid-scale batteries, combined-cycle power generation, military assets, oil rigs, wind power and aviation turbines. All these verticals share a need for solutions that can handle industrial IoT data at scale — such as anomaly detection, warranty management, degradation, automated spares management, asset lifecycle extension, and asset health scoring.
“The old paradigm of multi-year, monolithic digital transformation efforts is broken,” says Terranova. “We’re working with clients every day on solving real-world problems using the latest machine learning techniques, as well as optimizing unstructured data by creating ‘digital dossiers’. It’s not easy to do, but the rewards are tangible, and the Inc. 5000 ranking reflects the incredible dedication of our team and our investors, and the foresight and confidence of our clients.”
Founded in 2012, Peaxy recognized early on that the unprecedented growth of unstructured data across the enterprise is creating a need for specialized tools that make this data accessible and useful to core business processes. Peaxy’s products provide solutions to meet this demand.
Visit Peaxy’s profile on Inc. 5000 at https://www.inc.com/profile/peaxy/.
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How the 2019 Inc. 5000 Companies Were Selected
Companies on the 2019 Inc. 5000 are ranked according to percentage revenue growth from 2015 to 2018. To qualify, companies must have been founded and generating revenue by March 31, 2015. They must be U.S.-based, privately held, for-profit, and independent–not subsidiaries or divisions of other companies–as of December 31, 2018.