Exponential Technologies secures a pre-seed investment from Berlin-based VC fund APX

Exponential Technologies, a Riga, Latvia-based software developer of an industrial small data AI platform, announced that it secured a capital investment contribution from APX.

Financial details were not disclosed.

Exponential Technologies, founded in 2019 by Pavel Cacivkin, Matthias Kaiser (CEO) and Girts Smelters, developed an industrial software platform called xT SAAM that supports researchers, engineers and data scientists in the development and optimization of new materials, chemicals, machine and process parameters, as well as in the management and mitigation of production anomalies.

Their tool automates a manual process of finding new chemical formulations and processing parameters within classical Design of Experiments (DoE) done often in combination with statisticians, data scientists or DoE experts. xT SAAM automates this process by combining classical DoE methods with novel AI algorithms. This allows domain experts and laboratory personnel to run experiments without the need of DoE experts in a fast and efficient manner.