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About APX

APX is a provider of hosted power scheduling and settlement services in the nation and a major provider of environmental commodity market infrastructure services. APX aims to serve nearly one-third of all deregulated power market participants in California, as well as substantial numbers in Texas, the Mid-West, New England and elsewhere. More than 350 million megawatt hours of power is currently scheduled and settled annually over its systems. An increasing percentage of this is from renewable power generators. APX is a provider of hosted wind power operation solutions in the U.S. In parallel, APX has successfully extended its technology applications into the traded environmental commodities arena via its "Environmental Markets Depository" platform. APX's systems support the creation, serialization, certification, compliance verification, tracking, management and trading of environmental commodities, notably Greenhouse Gases (GHGs) and Renewable Energy Certificates (RECs). Every major regional U.S. REC market now deploys the APX platform, which creates and handles 50-70 million certificates per month in the mid-Atlantic region and has handled more than 700 million certificates in New England. The company is currently broadening the application of its core technology offering within the global carbon markets, where the establishment of a reliable registry and trading infrastructure is critically important to meeting future liquidity and credibility requirements. On March 2nd, 2022, APX was acquired by Xpansiv. The terms of the transaction were not disclosed.

Headquarters Location

5201 Great America Parkway Suite 522

Santa Clara, California, 95054,

United States


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APX Patents

APX has filed 9 patents.

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Surgical instruments, Surgical removal procedures, Eye surgery, Surgical procedures and techniques, Surgery


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Surgical instruments, Surgical removal procedures, Eye surgery, Surgical procedures and techniques, Surgery



Latest APX News

Wayra Germany invests in automated meeting summary software expansion

May 24, 2023

September 21, 2021 3 min read Wayra Germany invests in meeting summary software jointly with Faraday Venture Partners, APX, and IBB Ventures. 7-figure financing round promotes digitalization with AI-based software. Share this article: Seven-figure financing round Also involved: IBB Ventures, Faraday Venture Partners, APX and other angel investors from DACH In addition to the investment, Wayra Germany enables the Berlin-based start-up to win Telefónica as a customer for its meeting summary software Munich, Germany, September 20, 2021 – Wayra Germany, Telefónica's Open Innovation Hub, announces today its investment in, a meeting summary software from Berlin. With this move, telecommunications group Telefonica is further expanding its collaboration with the start-up to specifically promote digitalization through AI-based software. In addition to Wayra, Faraday Venture Partners, APX, and IBB Ventures as the lead investor are involved in the seven-figure financing round. ‍ Increased productivity thanks to more efficient meetings The team around founders Lukas Rintelen, Florian Polak and Michael Schramm is developing AI software that automatically transcribes and summarizes video conferences and business meetings. This allows meetings to be recorded in the most popular meeting platforms such as Zoom or Microsoft Teams, as well as offline meetings. To do this, the software uses automated speech and content recognition to clearly summarize conversation content. All meetings are stored centrally and can be quickly retrieved via a search mask. In addition, enables automated result protocols to be shared with all meeting participants with a click. "Today's situation is ironic," says Florian Polak, Co-Founder and Managing Director. "Despite technological advances, we are increasingly wasting energy and productivity in more and more meetings." In traditional office jobs, an entire workday is spent on meetings each week on average. "For most companies, a four-day week would be easily possible, and without any loss of productivity," adds Lukas Rintelen. ‍ Wayra Germany invests and offers access to Telefónica In addition to the investment, Wayra Germany also offers the opportunity to gain Telefónica Germany as a direct customer. This is based on the venture client model, through which Wayra Germany supports international start-ups that then work with Telefonica's various business units to integrate innovative technologies like's directly into business processes. "We are convinced of the potential of, because handling communication processes in companies more efficiently is now more than ever a focus topic, and AI-based software is an important key to more productivity. has the potential to revolutionize the meeting culture in companies with its software: With this, we can help shape the way we work tomorrow – more productivity with the same number of working hours per week," said Florian Bogenschütz, CEO of Wayra Germany. ‍ IBB Ventures, Faraday Venture Partners and APX are further investors In addition to Wayra Germany, the founding team was able to convince angel investors from Germany, Austria and Switzerland as well as VC IBB Ventures and the European investor network Faraday Venture Partners of their software and collect a seven-figure investment sum. Also participating in the investment round is Berlin-based VC and existing investor APX, the early-stage investor backed by Axel Springer and Porsche that has supported the start-up since 2019. "Software has completely transformed our working lives over the last 20 years. In the last year, the way we work together has changed fundamentally once again. aims to rethink meetings in this environment by using software to enable automated collaborative workflows. We believe that addresses a huge market potential and that there will be a growing demand for such solutions to manage meetings in a time-efficient way and to use valuable resources in a more value-adding way", says Robert Kusche, Investment Manager at IBB Ventures. ‍ hits the nerve of the times With its AI tool, wants to help companies handle their communication processes more efficiently. After all, if you communicate in a targeted and purposeful manner in your professional environment, you can make management processes more productive and thus directly relieve the workload of your employees. Especially since during the Corona pandemic, the number of daily meetings increased by leaps and bounds due to increased remote work, solves an acute problem of many companies with its software. The four-day week has also been around for some time as the working model of the future: with an efficient, lean meeting culture and simplified communication processes, it can become reality. "The lockdowns have led to further digitization of both our professional and personal communications. addresses exactly this issue and thus hits the nerve of the time. We see great potential in automating collaborative workflows," said Anastasia Troyanov, Investment Manager at APX. "Faraday is committed to investing in founders who have a clear vision and a particular understanding of their market. Video conferencing has grown exponentially but our meetings still haven't become more efficient. We strongly believe that has found a way to address these issues and will play an important role in defining the future of work," says Dennis Kirpensteijn, Managing Director for Faraday in Germany. ‍ About At Tucan we rethink the way we do meetings. We provide a software that automatically takes meeting notes for you, analyses and even summarises them. Our aim is to enable everyone to focus on what really matters to them in meetings. We take care of the rest. was founded in 2019 by Florian Polak, Lukas Rintelen and Michael Schramm. More information on . Subscribe to our Newsletter

APX Frequently Asked Questions (FAQ)

  • When was APX founded?

    APX was founded in 1996.

  • Where is APX's headquarters?

    APX's headquarters is located at 5201 Great America Parkway, Santa Clara.

  • What is APX's latest funding round?

    APX's latest funding round is Acquired.

  • How much did APX raise?

    APX raised a total of $68.7M.

  • Who are the investors of APX?

    Investors of APX include Xpansiv, Goldman Sachs, ONSET Ventures, Kinetic Ventures, Technology Partners and 14 more.

  • Who are APX's competitors?

    Competitors of APX include Advanced Power, PowerLight Technologies, Flexitricity, Energy Future Holdings, Lawrenceville Plasma Physics and 13 more.

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