Fundraising Fox
🦊/Companies
Sign in

PowerX

AcquiredYC W20

New York City, US · Founded 2020 · 20 employees · 13 known investors

Find your way into PowerX

1,869 people in our graph share verified history with the PowerX team — schools, employers, funds. One of them is your warm intro.

Rebecca Jamesunlockedknows Manuel Schoenfeld · together at The Wharton School (overlapped)
knows the team · via Harvard University
×4knows the team · via Morgan Stanley
×2knows the team · via McKinsey & Company
×2knows the team · via The Wharton School
×2knows the team · via Heidelberg University

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.

Advanced ManufacturingAI & Machine LearningClimate TechMachine LearningIoTClimateEnergyUnited States of AmericaAmerica / CanadaPartly Remote

Founders & leadership· Y Combinator alumni (W20)

PowerX was founded in 2020 by Manuel Schoenfeld.

MSManuel Schoenfeld
Manuel SchoenfeldinFounderFounder 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.

Investors · 13

Y CombinatorSan Francisco · $500K
Dangerous VenturesreportedSanta Fevia Gaby Darbyshire · inferred
Mitsui & Coreported
Mizuho CapitalreportedTokyo · $1.5M – $340M
NYK LinereportedTokyo
Spiral CapitalreportedTokyo · $900K – $184M
Tokyo CenturyreportedTokyo

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

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

Competitors · 1

by search overlap
Procore7 shared keywordsProcore 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.

Companies competing with PowerX for the same Google search keywords, organic and paid, via search-intersection analysis.

In the news

PowerX Raises JPY 9.5bn from Financial Institutions | by Norbert Gehrke | Tokyo FinTech | Mediummedium.com · Feb 2024Our favorite startups from YC's Winter 2023 Demo Day — Part 2techcrunch.com · Apr 2023PowerX Raises $33 Million in Series A Funding - Mercom Capital Groupmercomcapital.com · May 2022PowerX Raises EUR 31 Million to Develop Power Base | Offshore Windoffshorewind.biz · May 2022$4 Million Seed Round Supercharges PowerX; Family of Four Can Save An Average of $1,000 a Year on Utilities | AP Newsapnews.com · Apr 2021

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 Y Combinator, Dangerous Ventures, Mitsui & Co, Mizuho Capital, NYK Line, Spiral Capital, Tokyo Century.
Where is PowerX headquartered?
PowerX is headquartered in New York City, US.