StageAcquired | Acquired
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.
Missing: APX's Product Demo & Case Studies
Promote your product offering to tech buyers.
Reach 1000s of buyers who use CB Insights to identify vendors, demo products, and make purchasing decisions.
Missing: APX's Product & Differentiators
Don’t let your products get skipped. Buyers use our vendor rankings to shortlist companies and drive requests for proposals (RFPs).
APX has filed 9 patents.
Surgical instruments, Surgical removal procedures, Eye surgery, Surgical procedures and techniques, Surgery
Surgical instruments, Surgical removal procedures, Eye surgery, Surgical procedures and techniques, Surgery
Latest APX News
May 24, 2023
September 21, 2021 3 min read Wayra Germany invests in Tucan.ai 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 Tucan.ai, 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 Tucan.ai 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, Tucan.ai 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 Tucan.ai 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 Tucan.ai's directly into business processes. "We are convinced of the potential of Tucain.ai, 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. Tucan.ai 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. Tucan.ai aims to rethink meetings in this environment by using software to enable automated collaborative workflows. We believe that Tucan.ai 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. Tucan.ai hits the nerve of the times With its AI tool, Tucan.ai 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, Tucan.ai 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. Tucan.ai 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 Tucan.ai 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 Tucan.ai 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. Tucan.ai was founded in 2019 by Florian Polak, Lukas Rintelen and Michael Schramm. More information on www.tucan.ai . 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.
Compare APX to Competitors
Tseai Energy Unlimited is developing a system to provide sustainable electricity to rural communities in the developing world and help improve the quality of life in those communities. The company plans to design and build micro-power plants using renewable energy sources, while also establishing food processing plants, based on a community's local agriculture, to provide biofuel materials and other food-based products.
ResCom Energy, LLC, is a licensed supplier of electricity to homes and small businesses in Connecticut.
Powerspan develops and markets clean energy technologies for the electric power industry. Powerspan offers its patented ECO multi-pollutant control process.
Computerized Electricity Systems (C.E.S.) addresses the way electrical energy is managed, distributed, sold, and used in a carbon-constrained world. nC.E.S. has developed a energy management system that aims to provide consumers, developers, and energy solution providers with an opportunity to bring smart functionality and energy efficiency to all types of residential and commercial buildings. The C.E.S. solution aligns interests between end-users and energy providers for efficient usage, increased savings, and better quality of service. nThe C.E.S. solution is an integrated and energy management system. The C.E.S. solution is economic, easy to install and simple to use. The C.E.S. solution aims to empower consumers and energy providers to efficiently and economically manage electricity consumption.
Electrodynamics is developing high power density electric power generators and controllers for aerospace, vehicular, and distributed power systems (DPS); and electric motors with controllers for propulsion and other special applications. The control technology is based on use of DSP's in the loop for optimized, efficient power systems using compact IGBT based inverters. The power range is from 5 kW to 5 MW. Electrodynamics' is making substantial progress to aggressively reduce weight and size and improve the operating performance using the most current materials, hardware, and software technologies.
Power Tagging is an energy technology company dedicated to improving the overall efficiency between energy providers and end users. By providing a real-time, schematic map of the electrical grid, Power Tagging technology has enabled a host of applications. The company has developed a technology for tagging or fingerprinting energy on the power grid. These tags have metadata associated with them, effectively creating a purpose-built network that operates over the global power grid.
Discover the right solution for your team
The CB Insights tech market intelligence platform analyzes millions of data points on vendors, products, partnerships, and patents to help your team find their next technology solution.