Xapix, a San Francisco, CA-based connected vehicle company, raised $2M in seed funding.
The round was led by Speedinvest, with participation from Anthemis and angel investor Felix Staeritz. In conjunction with the funding, Andreas Schwarzenbrunner from Speedinvest is joining the board along with Ruth Foxe Blader from Anthemis.
The company will use the funding to strengthen its position among automotive OEMs and accelerate its growth in the U.S. market.
Founded in 2016 in Berlin, Germany by Oliver Thamm (left) and Christian Umbach (right), Xapix helps vehicle manufacturers, suppliers, and service providers access, use, and monetize their data via an orchestration platform that enables them to build digital services and products.
Started with support from MIT and Techstars and accelerated by Plug and Play, the company launched its automotive-grade software into production in the summer of 2018. It already secured a license deal with Daimler FleetBoard for its automotive-grade production tool and serves startups and players such as BMW, Goodyear, and another major car manufacturer.