News and Insights

Latest Updates

Our perspective on investment themes and latest news about our companies

Adapdix is now Aispire
Adapdix is now Aispire

Rebranding follows strategic realignment build on Aispire’s integrated platform (powered by aispire pipelines and data mesh technology) and focus on delivering turnkey industry solutions and insights for communication network providers (network intelligence), and customers from energy/infrastructure and advanced manufacturing verticals. Learn more on the new Aispire webpage.

FBGS opens new headquarter and manufacturing facility
FBGS opens new headquarter and manufacturing facility

X2 portfolio company FBGS has opened its new headquarter in Jena (Germany). The newly build facility spans more than 2,000 sqm and is home to FBGS’s automated FSG fiber production lines and a new DTG draw tower enhanced by sensor and interrogator assembly and test capacities – all needed to meet the growing demand and to deliver integrated FOS (FBG) measurement solutions for high-volume applications at scale.

X2 partners with INTRARATIO
X2 partners with INTRARATIO

X2 has invested in Intraratio Corp. (CA), a leading innovator in the MES/IIoT software market.

The Company offers an integrated software suite that enables its customers to digitize manufacturing operations through automation of data interchange, inventory management and control of processes across local and global supply chains, delivering a truly scalable Industry 4.0 software platform for advanced and complex manufacturing environments from prototyping and small series (NPI) to mass-production.

sensemetrics acquired by Bentley Systems to accelerate Infrastructure IoT
sensemetrics acquired by Bentley Systems to accelerate Infrastructure IoT

X2 portfolio company sensemetrics Inc., a global Industrial IoT (IIoT) and cloud technology company transforming sensor data into real-time business intelligence, has been acquired by Bentley Systems, Incorporated (Nasdaq: BSY), the infrastructure engineering software company.

LIMATA receives Productronica Innovation Award
LIMATA receives Productronica Innovation Award

Productronica the world’s leading trade fair for electronics production has recognized LIMATA with the Productronica Innovation Award 2019 for its LUVIR technology® within the PCB & EMS cluster. LUVIR® enables faster and more cost-efficient solder mask direct imaging in PCB manufacturing at higher capacity levels (prints/hour) with no compromises on surface quality, resolution and accuracy.

X2 partners with ADAPDIX
X2 partners with ADAPDIX

X2 has made a seed-investment in Adapdix Inc. (CA) an innovative provider of AI based machinery data analytics software for advanced manufacturing environments. Adapdix’ EdgeOps™ platform is a software-only solution that combines advanced machine learning and artificial intelligence (ML/AI) analytics with a distributed, edge-based platform. EdgeOps™ enables end customers in the semiconductor, electronics, manufacturing and other verticals to transition from relying on reactive maintenance strategies to advanced, predictive monitoring and control of their end-to-end operations.

VAREX Imaging acquires Direct Conversion AB
VAREX Imaging acquires Direct Conversion AB

X2 portfolio company Direct Conversion AB, a leading manufacturer and marketer of linear array digital detectors utilizing photon counting and charge integrating technologies, has been acquired by Varex Imaging, the world’s largest independent supplier of x-ray-based image processing solutions (Nasdaq: VREX).

X2 invests in Sensemetrics
X2 invests in Sensemetrics

X2 partners with Sensemetrics and participates as lead-investor in the Company’s Series A financing round. Southern California based sensemetrics Inc. is a leading innovator in the Industrial Internet-of-Things (IIoT) market. The company offers the only market-proven cloud-based enterprise software platform that simplifies connectivity and standardizes industrial sensor data, enabling its industrial customer base to more efficiently provide active risk management and safety solutions.

X2 invests in FBGS
X2 invests in FBGS

X2 Equity invests in FBGS – a leading supplier of advanced fiber-optic sensing solutions and components based on Fiber Bragg Gratings (FBG) technology. The proceeds from this financing round will enable FBGS to further develop its FBG solutions offerings, to expand and automate its sensor manufacturing capacity in Jena and to build sales operations and channels in key growth regions such as Asia and North-America.

X2 partners with Direct Conversion AB
X2 partners with Direct Conversion AB

X2 Equity has invested in and partnered with Direct Conversion AB. Under its Ajat and XCounter brands, Direct Conversion provides innovative linear array digital detector products based on photon-counting (CdTe) technology that are incorporated into x-ray imaging systems used globally by a broad range of medical and industrial customers. Beyond funding, X2 will provide resources and take a lead-role during the establishment of a Munich based application demo center for DC’s photon-counting detectors with a focus on industrial inspection applications such as semi, electronics, battery inspection.

X2 invests in LIMATA
X2 invests in LIMATA

X2 Equity has invested in LIMATA GmbH – an innovative provider of Digital Direct Imaging System solutions for the global PCB manufacturing industry and adjacent markets.
As part of the partnership and investment, X2 will actively support during the development and implementation of a new product strategy and system product line based on a new technology roadmap, the establishment of international sales channels with a key focus on North-America and Asia, and the build of a lean and scalable operational platform.