Pax
formerly Pax AIAI Broker for Tariff Refunds
San Francisco, United States · Founded 2024 · $4.5M raised
- Headquarters
- San Francisco, California
- Employees
- 1–10
- Founded
- 2024
- Business Model
- B2B
- Website
- paxai.com
- Total Funding
- $4.5M
- Last Round
- $4.5M SeedApr 2025
- Rounds
- 1
About
Pax uses AI to automate tariff refunds (aka duty drawback) for retailers and manufacturers. We launched 4 weeks ago and have ~$200K in contracts. Each year, 80% of eligible refunds—equivalent to $15B—go unclaimed. Pax is the first AI-powered broker helping brands under $50M reclaim 3-5% of their revenue. Our algorithms generate 15% more refunds than the industry leader and reduce processing time by 99% with AI. We are two technical founders: Penny got her PhD from MIT and, and was a former research scientist at Amazon & Flexport, where I encountered the problem firsthand. Chris is a second-time founder and former software engineer at Amazon, Brex, and TikTok.
Summary
Pax is an Artificial Intelligence company based in San Francisco, United States, founded in 2024. It has raised $4.5M in total across 1 round, most recently a $4.5M Seed round in Apr 2025.
Tech & App Stack
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Funding History
Apr 2025
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