PowerX was founded by Manuel Schoenfeld in 2020.

Who are PowerX's investors?

PowerX's investors include Antler, Dangerous Ventures, Y Combinator, ASCENT ENERGY VENTURES, Asymmetry Ventures, Climate Capital, Clocktower Ventures, GoodFin Ventures and 9 more.

Where is PowerX headquartered?

PowerX is headquartered in New York City, US.

PowerX

AcquiredYC W20

New York City, US · Founded 2020 · 20 employees · 23 known investors

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PowerX develops AI-powered sensors that generate proprietary data to help corporations reduce energy consumption, water use, and emissions. The company serves large organizations looking to cut operational resource costs.

Also known as PowerX Technology, Inc.

Advanced Manufacturing AI & Machine Learning Climate Tech Machine Learning IoT Climate EnergyUnited States of AmericaAmerica / CanadaPartly Remote

Founders & leadership· Y Combinator alumni (W20)

PowerX was founded in 2020 by Manuel Schoenfeld.

Manuel SchoenfeldFounderFounder and CEO of PowerX, an AI-powered hardware and software company focused on energy and equipment intelligence that was acquired by Qu POS in 2024. Previously served as Chief Information Officer at ADRA, a global humanitarian organization, and worked at McKinsey & Company as an Engagement Manager on strategy and analytics projects, primarily in energy and large-scale transformation.

Masahiro ItoFounder

Aki NaitoVice President Operations

Matthias Veitinger

Andrew KalishManagerformer

Investors · 23

Antlerlisted by AntlerSingapore · $125K

How we know: Y Combinator's founder network · open dataset · 5k.vc investor directory · Not right? Tell us

Dangerous Ventureslisted by Dangerous VenturesSanta Fevia Gaby Darbyshire · inferred

How we know: Dangerous Ventures's portfolio page · the VCSheet dataset · Y Combinator's founder network · Not right? Tell us

Y Combinatorlisted by Y CombinatorSan Francisco · $500K

How we know: the Y Combinator directory · open dataset · 5k.vc investor directory · Not right? Tell us

ASCENT ENERGY VENTURESreportedDenver

How we know: Y Combinator's founder network · Not right? Tell us

Asymmetry VenturesreportedRichmond · $125K – $500K

How we know: Y Combinator's founder network · Not right? Tell us

Climate CapitalreportedMenlo Park · $25K – $250K

How we know: Y Combinator's founder network · Not right? Tell us

Clocktower VenturesreportedSanta Monica · $100K – $20M

How we know: Y Combinator's founder network · Not right? Tell us

GoodFin Venturesreported

How we know: Y Combinator's founder network · Not right? Tell us

Liquid VenturesreportedSan Francisco · $250K – $5M

How we know: Y Combinator's founder network · Not right? Tell us

LMNT VenturesreportedMercer Island

How we know: Y Combinator's founder network · Not right? Tell us

Mitsui & CoreportedTokyo

How we know: mercomcapital.com · Not right? Tell us

Mizuho CapitalreportedTokyo

How we know: mercomcapital.com · Not right? Tell us

NYK LinereportedTokyo

How we know: mercomcapital.com · Not right? Tell us

PioneerreportedToronto, Ontario

How we know: Y Combinator's founder network · Not right? Tell us

Spiral CapitalreportedTokyo

How we know: mercomcapital.com · Not right? Tell us

SpringTide VenturesreportedBoston · $500K – $5M

How we know: Y Combinator's founder network · Not right? Tell us

Tokyo CenturyreportedTokyo

How we know: press coverage · Not right? Tell us

Also in the syndicate · 6

BEMAC CorporationFuture Creation CapitalImabari ShipbuildingJapan Airlines & Translink Innovation Fund (JAL Innovation Fund)MUFG BankNippon Gaslead

Funding

SEC filings, press & company announcements

Undisclosed amountSeries AMay 2022
Nippon Gas (lead), Spiral Capital (lead), BEMAC Corporation, Future Creation Capital, Imabari Shipbuilding, Japan Airlines & Translink Innovation Fund (JAL Innovation Fund), Mitsui, Mizuho Capital, MUFG Bank, NYK Line, Tokyo Century Corporation
Source ↗
Undisclosed amountSeed RoundApr 2021
Source ↗

Source: company announcements and press reports — follow each round's link for the claim.

Related companies · 6

ValidereValidere offers measurement, reporting, and verification (MRV) SaaS that turns incomplete energy data into actionable insights for carbon tracking and commodity management. It serves energy and hard-to-abate sector companies across North America, including over 50 leading energy firms.

ProcoreProcore provides cloud-based construction management software that unifies project planning, financials, bidding, BIM, resource tracking, and invoicing on a single platform. It serves construction firms by connecting field and office teams for real-time project visibility.

TalosTalos builds non-invasive, magnet-mounted sensors that continuously monitor critical power equipment such as large transformers, detecting vibration, magnetic/EMF, temperature, and humidity anomalies to flag potential faults early. It identifies where a problem occurs on a 3D view of the machine and gives maintenance teams alerts explaining what changed and what steps to take before mechanical failures occur.

AtmetoAtmeto develops machine learning technology for clean energy generation, aiming to decouple carbon dioxide emissions from energy production.

BlisswayBlissway provides roadside toll collection and vehicle tracking systems using wireless autonomous devices (WAL-Es) and cloud analytics, replacing traditional gantry and transponder infrastructure for highway management agencies.

TuleTule develops hardware sensors and AI-based computer vision tools that give growers field-scale measurements of crop water use, water stress, and applied irrigation, along with irrigation recommendations. It serves agricultural farmers and growers looking to make data-driven irrigation decisions.

Companies working in the same space as PowerX.

Legal entities · 1

corporate structure

PowerX Technology, Inc.

In the news

Our favorite startups from YC's Winter 2023 Demo Day — Part 2techcrunch.com · Apr 2023

Frequently asked questions

What does PowerX do?: PowerX develops AI-powered sensors that generate proprietary data to help corporations reduce energy consumption, water use, and emissions. The company serves large organizations looking to cut operational resource costs.
Who founded PowerX?: PowerX was founded by Manuel Schoenfeld in 2020.
Who are PowerX's investors?: PowerX's investors include Antler, Dangerous Ventures, Y Combinator, ASCENT ENERGY VENTURES, Asymmetry Ventures, Climate Capital, Clocktower Ventures, GoodFin Ventures and 9 more.
Where is PowerX headquartered?: PowerX is headquartered in New York City, US.