Axiom Cloud Closes Major Rollout for Top 10 Grocery Retailer and Insider Investment Round

SAN JOSE, Calif., Jan. 8, 2025 /PRNewswire/ -- Axiom Cloud, a leader in AI-powered refrigeration management solutions, has announced a new contract with a Top 10 U.S. grocery retailer, and the successful close of a new funding round led by existing investors Blue Bear Capital, Leadout Capital and Vela Partners. The funding will enable Axiom to scale operations to meet rapidly growing market demand for solutions that reduce operational costs, improve energy efficiency and advance sustainability goals.

"We're seeing a tidal wave of demand from retailers and cold storage operators who recognize that modernizing refrigeration management delivers immediate bottom-line impact and makes their lives easier in the first month," said Amrit Robbins, CEO and Co-Founder of Axiom Cloud. "This significant new grocery retail contract, coupled with a large number of active customer pilots, shows that the tide is turning - the market transition to software-only refrigeration management is accelerating fast."

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Nelson Chai Named Executive Chair of DailyPay

NEW YORK, Jan. 8, 2025 /PRNewswire/ -- DailyPay, a leading worktech platform powering daily opportunities for workers and their employers, today named Nelson Chai as Executive Chair of DailyPay. An accomplished executive, Mr. Chai will lead DailyPay's Board of Directors and provide strategic guidance to the organization. Mr. Chai brings a wealth of experience from leading roles at prominent companies, including most recently as the Chief Financial Officer at Uber from 2018 to 2023.

Nelson Chai, Executive Chair, DailyPay

"It's with great pleasure to have Nelson Chai join DailyPay as Executive Chair," said Stacy Greiner, Chief Executive Officer, DailyPay. "Over his extensive senior leadership across globally recognized companies, Nelson has executed many successful growth strategies and we look forward to having his valuable experience and insights at DailyPay."

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