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Panax secures $15M funding round

New York-based AI-driven cash flow management platform, Panax, raised $15M in funding.

The round was led by Team8 and TLV Partners. The investment will be used to scale sales and support teams, expand Panax's U.S. presence, and enhance product development resources.

Founded by Noam Mills, Sefi Itzkovich, and Niv Yaar, Panax empowers mid-market and large companies to optimize liquidity with AI-driven automation and insights, focusing on transaction categorization, proactive reporting, and trend analysis.

The company plans to transform finance functions into revenue generators, leveraging centralized and streamlined treasury analysis processes to provide finance teams with actionable insights and control over cash flows.