
AxonAI
ConvergentAI | Converge on the Answer.
Date | Investors | Amount | Round |
---|---|---|---|
investor investor investor investor investor investor | €0.0 | round | |
$80.0k | Grant | ||
Total Funding | 000k |
USD | 2021 | 2022 |
---|---|---|
Revenues | 0000 | 0000 |
EBITDA | 0000 | 0000 |
Profit | 0000 | 0000 |
EV | 0000 | 0000 |
EV / revenue | 00.0x | 00.0x |
EV / EBITDA | 00.0x | 00.0x |
R&D budget | 0000 | 0000 |
Source: Dealroom estimates
Related Content
AxonAI acquired ConvergentAI, a company founded in 2013 in Harrisonburg, United States, which specialized in predictive analytics. Before its acquisition, ConvergentAI had developed a patented Swarm Intelligence AI/ML engine to provide superior pattern recognition and event prediction for complex and dynamic data. The company had raised a total of $1.45 million over two funding rounds, with its latest seed round on April 18, 2016, raising $1.45M from investors including Center for Innovative Technology, OODA Ventures, and SAP NS2.
ConvergentAI's product suite aimed to provide real-time predictive guidance to improve operational insights and resource allocation for businesses. Their offerings included 'PatentID' for patent searching, 'CampaignID' for marketing teams, 'ThreatID' for predicting threats, and 'FlightID' to forecast and optimize flight delays. The technology was built on principles of decentralized parallel software, swarm intelligence, and both distributed machine and human learning modules. The business model focused on delivering these predictive analytic solutions to a broad market by reducing the need for in-house data scientists.
AxonAI itself appears to be a brand or division of Axon Enterprise, Inc., a major public safety technology company. Founded in 1993 by Rick Smith, Axon Enterprise has grown from its origins as TASER International into a comprehensive provider of connected devices and software for law enforcement, federal agencies, and enterprise clients. The company's AI-powered software platform is a significant growth driver, with the Software & Services segment seeing substantial revenue increases. This ecosystem includes AI-driven tools like 'Draft One', which auto-generates police report drafts from body camera audio, and 'Redaction Assistant' for blurring sensitive video information, saving officers significant time. The business model is heavily based on Software-as-a-Service (SaaS) subscriptions, with annual recurring revenue reaching $1.2 billion and a net revenue retention rate of 124% as of mid-2025.
Keywords: predictive analytics, swarm intelligence, machine learning, event prediction, pattern recognition, data analytics, public safety technology, law enforcement software, AI-powered tools, digital evidence management, SaaS, body camera technology, report automation, video redaction, real-time operations, threat prediction, operational optimization, ConvergentAI, Axon Enterprise