Axiom Cloud Closes $5 Million in Funding to Accelerate Deployment of Refrigerant Leak Detection Software [Yahoo! Finance]
TOSHIBA CORP UNSP/ADR (TOSYY)
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Source: Yahoo! Finance
SAN JOSE Feb. 27, 2024 /PRNewswire/ -- Axiom Cloud , announced today that it closed $5 million in funding from Toshiba Tec and Windsail Capital Group . This funding aims to accelerate the deployment of the company's AI-powered " Early Leak Detection " (ELD) module, which detects refrigerant leaks earlier without requiring any new onsite hardware or sensors. Axiom Cloud's technology and services will be especially vital as facilities move to comply with recently-announced EPA regulations outlined in the American Innovation and Manufacturing (AIM) Ac t , which restrict commercial emissions of Hydrofluorocarbons (HFCs) through refrigerant leaks and other sources. "This is our industry's moment to make a big dent in climate change," said Amrit Robbins , CEO and Co-Founder of Axiom Cloud."The EPA recognizes that refrigerant leaks are accelerating climate change as typical refrigerants have a global warming potential (GWP) ~3,000 times greater than carbon dioxide. The AIM Act addresses t
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