Axeda
Valuation
$1.9B
2021 Revenue
$632.4M
Customers
150
Funding
$22M
Avg ACV
$4.2M
Team
7.3K
Founded
2000
How Axeda CEO Jim Heppelmann grew Axeda to $632.4M revenue and 150 customers in 2021.
Axeda Corporation provides remote monitoring and management software and services to manufacturing companies, service providers, and enterprises. The company offers Axeda ServiceLink, an enterprise software system that enables product manufacturers to provide remote service to their customers; and Axeda On-Demand, the software-as-a-service version of Axeda ServiceLink that enables to outsource the IT management responsibilities of remote service implementation. Its software is used in various applications, including diagnosis and repair, remote access, and proactive problem detection, as well as case and patch management, preventive maintenance, and usage monitoring. The company also provides consulting and implementation, customer support, education, and hosting services. It serves homeland security, medical, life sciences, information technology, telecommunications, print and imaging, kiosks, industrial, semiconductor, and building automation markets. The company was founded in 2000
Last updated
Axeda Revenue
In 2021, Axeda's revenue reached $632.4M. Since its launch in 2000, Axeda has shown consistent revenue growth.
| Year | Milestone |
|---|---|
| 2021 | Axeda Hit $632.4m revenue in April 2021 |
| 2000 | Launched with $0 revenue |
Axeda Valuation, Funding Rounds
Axeda's most recent disclosed valuation is $1.9B.
Axeda has raised $22M in total funding across 3 rounds, with its most recent round in 2013.
| Year | Round | Amount | Valuation | % Sold |
|---|---|---|---|---|
| 2013 | Funding round | $12M | - | - |
| 2013 | Funding round | $5M | - | - |
| 2009 | Funding round | $5M | - | - |
Axeda Employees & Team Size
Axeda employs approximately 7.3K people as of 2026.
Axeda has 7.3K total employees in different roles and functions and 19 sales reps that carry a quota. They have 150 customers that rely on the company's solutions.
| Year | Milestone |
|---|---|
| 2021 | Reached 7.3K employees (April 2021) |
Founder / CEO
Jim Heppelmann
Jim Heppelmann is president and CEO of PTC, responsible for driving the company’s global business strategy and operations. Since his appointment to CEO in 2010, Jim has spear-headed PTC’s thought leadership and development of its market-leading suite of technology—including computer-aided design (CAD), product lifecycle management (PLM), the internet of things (IoT), and augmented reality (AR). Prior to PTC, Jim cofounded Windchill Technology which PTC acquired in 1998. Previous to his work with Windchill Technology, Jim was CTO at Metaphase Technology.
Q&A
| Question | Answer |
|---|---|
| What's your age? | - |
| Favorite online tool? | - |
| Favorite book? | - |
| Favorite CEO? | - |
| Advice for 20 year old self | - |
Customers
See how Axeda acquires and retains customers with data on acquisition costs and revenue performance. Log in to access the complete customer economics dashboard.
LockedFrequently Asked Questions about Axeda
What is Axeda's revenue?
Axeda generates $632.4M in revenue.
Who founded Axeda?
Axeda was founded by Jim Heppelmann.
Who is the CEO of Axeda?
The CEO of Axeda is Jim Heppelmann.
How much funding does Axeda have?
Axeda raised $22M.
How many employees does Axeda have?
Axeda has 7.3K employees.
Where is Axeda headquarters?
Axeda is headquartered in Boston, Massachusetts, United States.
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Compare Axeda to the industry
Axeda operates across multiple industries. Browse revenue, funding, and growth data for Axeda in each sector below.
Source Attribution
Source: all data was collected from GetLatka company research and founder interviews. Revenue, funding, team, and customer figures are presented as company-reported or GetLatka-estimated metrics where the profile data identifies them that way.
Company data last updated .