AZX

AZX (AZX, PBC) is an AI transformation engineering company that builds custom AI-enabled applications and models for organizations in critical industries, including energy and utilities, real estate, supply chain and logistics, and government. Rather than selling packaged software or purely advisory services, the company combines strategy work, bespoke engineering and reusable assets such as datasets, code and models, targeting internal business processes that off-the-shelf AI tools do not address. Deliverables are designed to integrate with a client's existing systems.

The company's technical approach spans analytics, supervised and unsupervised learning, machine learning models, physics models, digital twins and generative AI. It positions itself between large systems integrators, which it characterizes as slower and lacking proprietary domain data models, and horizontal SaaS or high-cost platform vendors that struggle with domain specificity or price out mid-market and regulated buyers. AZX is structured as a public benefit corporation, framing its mission around accelerating the clean energy transition, supporting climate adaptation and delivering impact for people, organizations and the environment. It also operates a Trust Center publishing security, privacy and environmental policies for enterprise buyers.

AZX was founded in 2024 by three Seattle-area technology veterans and launched in October of that year. It bootstrapped profitably in its first year before raising outside capital in January 2026.

Founding story

AZX was founded in 2024 by Aaron Goldfeder (CEO), Rich Evans (chief technology officer / vice president of technology) and Michael Albrecht (chief operating officer), and launched in October 2024. Goldfeder co-founded Meetingflow, an AI meeting assistant company that emerged from the AI2 Incubator in Seattle under the name Panda and was acquired by Augment in March 2024; he earlier helped launch EnergySavvy, a Seattle company serving utilities that was acquired by Uplight in 2019. Evans was chief technologist and a founder at Meetingflow, and Albrecht was COO at EnergySavvy. All three worked at Microsoft earlier in their careers.

Business model

AZX engages clients through a partnership model that begins with high-touch strategy and bespoke application development, then extracts reusable capabilities — data, code and models — into a growing internal platform intended to shorten later deployments. It describes itself as neither a SaaS vendor nor a conventional consultancy, combining consulting, custom engineering and reusable assets.

As of early 2025 the company charged clients for time spent on projects, with stated plans to move toward a mix of time-based fees and commissions; management indicated that more generally applicable products could eventually be offered alongside bespoke work.

Traction

Publicly named customers include Puget Sound Energy, CBRE, Trilliant and Franklin Energy, plus Flexe in logistics and two undisclosed investor-owned utilities. Executives at CBRE, Flexe and LevelTen Energy have provided endorsements on the company website. Headcount grew from about nine full-time staff and contractors in January 2025 to about 20 in January 2026, and the company reported first-quarter revenue up 10x year over year.

Latest developments

In January 2026 AZX announced a $6 million pre-seed round from AI2 Incubator, SFV (Sustainable Future Ventures), Founders' Co-op, Kompas, Powerhouse Ventures, Ascend and Stepchange Ventures, along with individual investors including Brian Janous, former vice president of energy at Microsoft. The company reported roughly 20 full-time staff and contractors, 10x year-over-year first-quarter revenue growth, and plans to roughly double headcount during the year with hiring across engineering and operations.