{"id":180770,"date":"2021-05-20T00:00:00","date_gmt":"2021-05-20T00:00:00","guid":{"rendered":"http:\/\/facfox.com\/news\/?p=180770"},"modified":"2021-04-19T07:08:25","modified_gmt":"2021-04-19T07:08:25","slug":"exponential-technologies-receives-investment-from-apx","status":"publish","type":"post","link":"https:\/\/facfox.com\/news\/exponential-technologies-receives-investment-from-apx\/","title":{"rendered":"Exponential Technologies Receives Investment from APX"},"content":{"rendered":"

Exponential Technologies (xT), a German-Latvian start<\/a>up and winner of the Formnext Start<\/a>up Challenge 2019, has attracted a pre-seed investment from Berlin-based VC fund APX to expand its presence in the German industrial sector.<\/span><\/p>\n

\u201cBeing a global industrial powerhouse, my home country Germany was always one of our major focus markets. Now, the investment by APX further strengthens this connection. We are looking forward to many upcoming projects with the German chemical and material industrialists,\u201d explained Matthias Kaiser, Co-Founder & CEO of xT, and a Frankfurt native. \u201cGermany is in the midst of a massive digital transformation, and xT wants to establish itself as a major driver of this shift towards the next generation of industrial technologies.\u201d<\/span><\/p>\n

APX is a very early-stage start<\/a>up investor. Based in Berlin and backed by <\/span>Axel Springer<\/span> and Porsche, APX supports and part<\/a>ners with the most ambitious pre-seed start<\/a>ups from Europe and beyond \u2013 often as their first investor. Since 2018, APX has invested in 80+ start<\/a>ups across 20+ industries with founders from 20+ countries together with 100+ co-investors.<\/span><\/p>\n

\u201cWe are part<\/a>icularly excited about the investment as APX is well connected to the Porsche Group, which will further strengthen our business development efforts in the materials and manufacturing markets. It is especially important because our newest software version has application<\/a>s in R&D as well as in the management of production anomalies. We see here a huge market potential for the automotive<\/a> but also other manufacturing industries,\u201d explained Matthias. <\/span><\/p>\n

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Exponential Technologies Ltd. (xT) was founded in 2019 by the 3 Co-founders Pavel Cacivkin, Matthias Kaiser and Girts Smelters to address these challenges. <\/span><\/p>\n

Currently, the most commonly used approach to find new chemical formulations and processing parameters is the use of classical Design of Experiments (DoE) software often in combination with statisticians, data scientists or DoE experts. DoE software is complicated and requires expert knowledge in statistics. This means, if a company is big enough to hire expensive DoE experts, researchers have to book slots with the limited number of available DoE specialists which leads to bottlenecks in the R&D process of many industrial companies. Most SMEs won\u2019t even be able to effort DoE experts, which forces them to use less efficient research methods like one-factor-at-a-time (OFAT) or grid optimization.<\/span><\/p>\n

xT SAAM automates this process by combining classical DoE methods with novel AI algorithms. This allows domain experts and laboratory personnel to run experiments without the need of DoE experts in a fast and efficient manner. Data scientists and DoE experts can then concentrate on high-level data analysis using our integrated data science toolset. Compared to other techniques xT SAAM finds satisfactory results with fewer samples required, which additionally reduces R&D time and cost.<\/span><\/p>\n

With their part<\/a>ner Evonik Industries, xT could show strong results in the field of chemical formulation. Projects in the field of production anomaly management, biotech and additive manufacturing all have led to astonishing results.<\/span><\/p>\n

<\/div>\n

 <\/p>\n

* This article is reprinted from 3D Printing Media Network<\/a>. If you are involved in infringement, please contact us to delete it.<\/p>\n

<\/i> Author: 3D Printing Media Network<\/p>\n","protected":false},"excerpt":{"rendered":"

Exponential Technologies (xT), a German-Latvian startup and winner of the Formnext Startup Challenge 2019, has attracted a pre-seed investment from Berlin-based VC fund APX to expand its presence in the German industrial sector.<\/p>\n","protected":false},"author":3,"featured_media":180771,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"fifu_image_url":"","fifu_image_alt":"","footnotes":""},"categories":[37],"tags":[455,3480,220],"class_list":["post-180770","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-design","tag-doe","tag-market","tag-software"],"yoast_head":"\nExponential Technologies Receives Investment from APX - FacFox News<\/title>\n<meta name=\"description\" content=\"Exponential Technologies (xT), a German-Latvian startup and winner of the Formnext Startup Challenge 2019, has attracted a pre-seed investment from Berlin-based VC fund APX to expand its presence in the German industrial sector. 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