# SOLX

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/solx

- Industry: Medical Devices & Equipment
- Headquarters: Waltham, US
- Website: www.solx.com
- Total disclosed funding: $7M
- Latest round: Series A (Jan 6, 2012)
- Investors on record: 2

## About

SOLX, Inc. provides technology solutions that enhance operational efficiency for medium to large enterprises through advanced software applications focused on data analytics, process automation, and workflow management.Founded in 2000, SOLX, Inc. is headquartered in Waltham, US and operates in the technology sector. The company has completed four deals and raised a total of USD 3.25 mn, with the latest funding round being a Venture Debt of USD 2.12 mn from Easton Capital Investment Group on November 30, 2016.SolX specializes in providing technology solutions aimed at enhancing operational efficiency across various industries. Its core product offerings include advanced software applications designed for data analytics, process automation, and workflow management. These tools are engineered to streamline business processes, enabling organizations to optimize resource allocation and improve decision-making. The primary end users of SolX's products are medium to large enterprises operating in sectors such as manufacturing, logistics, and customer service, with clients across North America, Europe, and parts of Asia. By offering tailored solutions that address specific operational challenges, SolX positions itself as a partner in driving digital transformation for its customers.SolX generates revenue through a combination of subscription-based services and direct partnerships with businesses. Clients typically engage in service agreements that include tiered pricing plans based on the scale of usage and specific features required. Companies may subscribe to a basic tier offering essential analytics tools, while larger enterprises might opt for premium packages with advanced customization and dedicated support. These transactions often involve annual or multi-year commitments, fostering long-term relationships between SolX and its clientele, ensuring a stable income stream while maximizing client value from SolX's products.As of November 30, 2016, SOLX, Inc. raised USD 2.12 mn in a Venture Debt round led by Spotlight Innovation Inc. The funding will support the development of new products aimed at enhancing their current software offerings and allow for expansion into additional markets across North America and Europe, with plans to launch these initiatives in the upcoming years.

## Funding rounds

- Series A, Jan 6, 2012, $3.3M — MVM Partners, Easton Capital Investment Group
- Series A, Oct 14, 2010, $3.7M — MVM Partners

## Investors

- MVM Partners (https://capitalatlas.ai/funds/mvm-partners) — Series A
- Easton Capital Investment Group (https://capitalatlas.ai/funds/easton-capital-investment-group) — Series A