FOR IMMEDIATE RELEASE
Abraxas Technology Celebrates One Year Anniversary
Austin, TX, November 13, 2018: Abraxas Technology, a veteran-owned data analytics startup, is celebrating its one-year anniversary founding this week. Since its launch in November 2017, Abraxas Technology is revolutionizing the out-of-home (OOH) advertising industry with solutions that provide the ability to track real-time impressions and discover which impressions became conversions to ensure stronger ad spend ROI for OOH asset owners and advertisers.
In its first year, Abraxas has successfully raised and oversubscribed initial financing in two months, obtained a total MRR increase of 921%, and assembled a diverse team that enjoys unlimited PTO and full healthcare benefits. In addition, Abraxas’s team members have been published in leading industry journals and blogs, and been invited to join the Outdoor Advertising Association of America’s (OAAA) Innovations Committee, the largest trade association for the OOH industry.
The company’s proprietary IoT sensors are currently deployed across the entire United States and Mexico. Abraxas is on track to be cash flow positive in Q1 of 2019.
Justin Gilfus, CEO
Joshua Lawton, COO