Axaz

A Look into Our Strategic Early-Stage Investment in Axaz, Its Founders, and Its Potential for the Future

We are excited to announce our recent strategic investment in the early-stage seed round of Axaz, a company focused on enhancing businesses' competitiveness through data-driven business development and innovation. The founders of Axaz, Morten Andre Knutsen, Ruben Jenssen, and Kim Jarno-Kristiansen, are a team of three professionals with extensive experience who left their positions at PwC Kristiansand to start the company. We have known Morten and Ruben for several years before they began contemplating the idea of Axaz. After discussions over the summer, we decided to support them from day one, believing in the founding team's potential to build a strong player in the Norwegian market and later expand internationally. We joined the founders, friends, and family in the initial investment round, demonstrating our belief in the team's track record and values.

Fostering Business Competitiveness with Data-Driven Solutions
Axaz aims to contribute to the increased competitiveness of businesses by bridging the gap between companies and IT vendors. They address challenges related to costs, speed, and choice of solution, offering IT and business needs "as a service." Axaz's managed service delivery model ensures stable and secure operation while facilitating the continuous realization of new business needs in collaboration with customers.

Born in the Cloud and Proactive Partnership
Axaz was born in the cloud, leveraging cost-effective and market-leading technological solutions. They are a proactive partner providing services within enterprise architecture, application development, integration, data warehouse, and business intelligence. Axaz's customer-driven approach uses agile work methods and tools, making it easier for businesses to convey their needs without requiring expertise to translate them.

Services Offered by Axaz:

1. Enterprise Architecture Axaz's Enterprise Architecture as a service helps businesses gain an overview of their IT environment and secure their digital journey. They use market-leading tools to automate mapping and provide valuable visualizations, ensuring continuous insight and control.
2. Application Development Axaz specializes in automating workflows and developing business applications using no-code/low-code development platforms. They help digitize manual tasks and reduce Excel sheets and emails to a minimum, streamlining processes and increasing efficiency.
3. Integration Axaz offers efficient and forward-looking cloud-based integrations using market-leading technology, enabling them to deliver integration services faster and more cost-effectively than traditional integration development.
4. Data Warehouse Axaz's data warehouse service collects, prepares, and makes data available for analysis. Their cloud-based data warehouse is scalable, providing access to industry-leading technology with good security and stability.
5. Business Intelligence Axaz delivers real-time automated dashboards that provide decision-makers with the information and insights required to make operational and financial decisions. Their business intelligence service helps companies fully utilize their data, allowing them to focus on value-adding tasks.
   
   We believe that Axaz's data-driven approach and innovative solutions make them a promising investment for the future. As they continue to grow and develop their services, we are confident that Axaz will help businesses improve their competitiveness and drive innovation in the industry. Our investment in Axaz's early-stage seed round signifies our confidence in the founders and their vision.

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