Ilya Preston

Co-Founder & CEO at PAXAFE

Ilya Preston is the co-founder and CEO of PAXAFE, a company that specializes in smart packaging technology for temperature-sensitive products. Prior to PAXAFE, Preston was the CEO of Thaddeus Medical Systems, Inc., a company that builds smart packaging technology to improve global shipment outcomes by protecting sensitive specimens through the entirety of the supply chain.

Preston has always been interested in improving healthcare and logistics. Ilya was motivated to start Thaddeus Medical Systems after learning about the billions of dollars wasted each year in the healthcare supply chain specifically due to temperature excursions and lost products. Ilya saw an opportunity to create a more dependable solution that would simplify and automate the packaging process and reduce exposure to human error, improve quality, reduce the total cost of ownership, and enable customers to consolidate their logistics supply base.

Under Preston's leadership, Thaddeus Medical Systems developed the iQ+-ler, a smart, all-in-one, hardware and software packaging IoT solution that integrates three key features: active temperature control, tracking and communication, and documentation automation. The iQ+-ler was well-received in the market and helped put Thaddeus Medical Systems on the map as a leading healthcare and logistics company.

Preston's experience with Thaddeus Medical Systems made him a natural fit to lead PAXAFE. With PAXAFE, Preston is continuing their mission to improve global shipment outcomes by developing even more innovative packaging solutions that protect sensitive products throughout the entire supply chain.

Ilya Preston's educational career began at Indiana University Bloomington, where they earned a Bachelor of Science degree Cum Laude in International Business, Economics, and Spanish. Ilya then went on to earn their Masters in Business Administration from the University of Indianapolis - School of Business.


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  • Co-Founder & CEO

    Current role