AVP is excited to announce that we have led AxonIQ’s Series A round joined by Volta Ventures, and Trifork. With this round, AxonIQ has raised more than $18M to date.
Generative AI has introduced enormous potential for small and large enterprises alike, but that potential is colliding with corporate reality.
According to recent findings from MIT and Fortune, 95% of enterprise AI pilots are failing. And the issue isn’t the models. It’s the backend. Enterprises simply lack the architectural and infrastructure backbone needed to deploy AI agents at scale – with memory, context, and governance built in from the start.
This systemic gap is why we’ve reinvested in AxonIQ.
AxonIQ isn’t building yet another AI wrapper or foundation model. Instead, the team has developed the critical infrastructure enterprises need to operationalize AI – safely, at scale, and with transparency. As AI evolves from pilot experiments into production systems, we believe AxonIQ is poised to become the leading full-stack platform for enterprise-grade, agentic AI.
Our Thesis: The Next Wave of AI Requires the Right Backend
We see a clear market pattern emerging: while front-end AI tools capture the early hype, it’s the backend infrastructure that ultimately drives enterprise-wide adoption.
Today, most organizations rely on an ad hoc patchwork of homegrown tooling – a fragile approach that fails to scale and creates significant operational risk.
AxonIQ addresses this challenge with a unified, event-driven architecture purpose-built for AI-native systems. Its full-stack platform delivers enterprise value across three foundational layers:
- Foundation Layer – Provides robust infrastructure, complete audit trails, and historical context that traditional systems lack.
- Intelligence Layer – Orchestrates business rules and coordinates systems in real-time, bridging the critical gaps between data and decisions.
- AI Layer – Powers agentic capabilities, enabling organizations to evolve from simple chatbots to autonomous AI agents.
AxonIQ isn’t new to this industry. With over 73 million downloads and adoption across 65,000+ companies globally, the technology has already proven its value in both open-source and enterprise settings.
What’s necessary now is the right backend.
Why We’ve Reinvested
With this fresh funding, we are fueling AxonIQ’s growth across three dimensions:
- Leadership – Building a world-class U.S. team to drive exponential growth
- Product – Expanding agentic AI capabilities to unlock greater customer value
- Go-to-Market – Accelerating execution with a focus on U.S. enterprises
As part of this trajectory, AxonIQ recently welcomed Jessica Reeves as CEO and Barry Libert as Chairman. Both bring deep experience from Anaconda, where Jessica served as COO and interim CRO, helping lead the company to over $150M in ARR and a $1.5B valuation – profitably.
The Path Ahead
As enterprises move from AI experimentation to large-scale deployment, the companies delivering foundational infrastructure will capture disproportionate value.
With a proven platform, adoption across the Fortune 100, and a leadership team built for scale, AxonIQ is poised to become the essential backend for enterprise AI. We’re proud to support this next chapter – and excited to see what Jessica, Barry, and the entire AxonIQ team will achieve as they bring this vision to life.
