What is Adapx?
Adapx, Inc. developed Capturx software, a platform designed to automate the critical process of field data capture. By leveraging devices such as tablets and digital pens, Capturx transforms unstructured field inputs into organized digital reports that can be seamlessly integrated into various back-end systems. This capability significantly enhances operational workflows and mitigates risks for enterprises and government agencies. The company's solutions have found application across a broad spectrum of sectors, including energy, defense, healthcare, and manufacturing, highlighting the versatility and essential nature of its data automation technology. Strategic partnerships with major technology firms like Microsoft and ESRI further validate the platform's integration capabilities and market relevance.
How much funding has Adapx raised?
Adapx has raised a total of $12.3M across 4 funding rounds:
Unspecified
$5M
Debt
$3M
Debt
$4M
Debt
$299K
Unspecified (2011): $5M with participation from OVP Venture Partners, Pelion Venture Partners, and Paladin Capital Group
Debt (2012): $3M led by Northwest Technology Ventures, OVP Venture Partners, Pelion Venture Partners, and Paladin Capital Group
Debt (2013): $4M supported by OVP Venture Partners, Pelion Venture Partners, Pelion Ventures, and Northwest Tech Ventures
Debt (2014): $299K featuring OVP Venture Partners and Paladin Capital Group
Key Investors in Adapx
OVP Venture Partners
OVP Venture Partners is a venture capital firm with a long history of investing in high-growth technology markets, particularly in the Pacific Northwest. They focus on early-stage investments in cleantech, digital biology, and information technology, with a strong track record of successful liquidity events.
Paladin Capital Group
Paladin Capital Group is a global multi-stage investment firm that specializes in venture capital and growth financing. They strategically deploy capital to support and scale companies across various sectors, emphasizing hands-on partnership and value creation beyond capital.
Northwest Technology Ventures
Northwest Technology Ventures is a venture fund focused on seed and early-stage investments in technology and life sciences, particularly those emerging from universities and research institutions in Oregon. They actively support their portfolio companies in securing further investment.
What's next for Adapx?
While Adapx has ceased operations, its history of securing substantial enterprise-level funding, including a recent major strategic investment, points to a past trajectory focused on scaling its innovative data capture technology. The company's ability to attract significant capital and forge partnerships with industry giants like Microsoft and ESRI suggests a strong market need for its solutions. The total funding amount of $12.3M indicates a significant investment in developing and deploying its Capturx software across various enterprise verticals. The company's legacy lies in its contribution to automating critical data workflows, a challenge that continues to be a priority for many organizations.
See full Adapx company page
