Weed Vaping Startup Pax Raises $20 Million
The cannabis device company was founded by the same team that created vaping sensation Juul.
Passing a joint is becoming increasingly passé. Pax Labs Inc., a San Francisco-based startup that makes marijuana vaporizers, raised $20 million from investors, Chief Executive Officer Bharat Vasan said on Monday. The company declined to provide the valuation.
Pax, part of a rising tide of marijuana device companies, makes internet-connected vaporizers that allow users to control how high they get when consuming the drug. The company's sleek devices look like highlighter pens or USB sticks, and are operated through an app. Vapers can tinker with the app’s settings to puff a thicker plume of smoke, or lower the device’s LED light to be more discreet when inhaling in public.