Company Overview
Snapshot
Founded in March 2022 by Noam Mills, Niv Yaar, and Sefi Itzkovich, Panax operates with 51–200 employees. The company has raised $15 million across two funding rounds from two investors. In May 2024, Panax secured Series A funding, further solidifying its position in the AI-powered cash flow management market.
Business overview
Panax provides an automated cash management solution designed to enhance visibility, improve capital efficiency, and ensure total control for finance teams. The company's core technology streamlines day-to-day cash and liquidity management, enabling optimal financial results. Panax primarily serves finance teams across various industries, operating within the Fintech & Insurtech sector, specifically focusing on Financial Operations Software.
Strategic signal
In May 2024, Panax successfully raised $10 million in Series A funding for its AI-powered cash flow management platform. This capital infusion signals strong investor confidence in Panax's technology and its potential to address critical needs in financial operations, indicating a significant growth trajectory and market validation for its innovative solution.
Log in to access full profile ›Company Intelligence Q&A
- What is Panax's primary focus?
- Panax focuses on providing an AI-driven cash flow management platform designed to help finance teams improve visibility, increase capital efficiency, and achieve total control over their liquidity.
- When was Panax founded and by whom?
- Panax was founded in March 2022 by co-founders Noam Mills, Niv Yaar, and Sefi Itzkovich.
- What was a significant funding event for Panax?
- In May 2024, Panax raised $10 million in Series A funding for its AI-powered cash flow management platform.
- Which investors participated in Panax's funding rounds?
- TLV Partners led Panax's Seed round in March 2022. In May 2024, TLV Partners and Team8 participated in the Series A funding round.
- What is the background of one of Panax's co-founders?
- Noam Mills, co-founder of Panax, was a top-ranked fencer globally in her age group and an Olympic athlete prospect before pursuing entrepreneurship after attending Harvard, as highlighted in a May 2025 article.