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AZX

Provides bespoke AI solutions for enterprises

Overview

AZX provides bespoke AI solutions for critical, asset-heavy industries such as energy, real estate, and supply chain. It embeds dedicated AI teams within client organizations to build custom models and applications that integrate with existing systems, solving internal processes, unstructured data, and regulatory challenges. Its offerings include AI growth strategies, disruption management, and AI-powered agents, built on platforms from Azure, AWS, GCP, OpenAI, and Anthropic. As a Public Benefit Corporation with a climate mission, AZX aims to accelerate sustainability and decarbonization by delivering industry-specific, tightly integrated AI solutions.

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About AZX

Simplify's Rating
Why AZX is rated
B-
Rated B on Competitive Edge
Rated B on Growth Potential
Rated C on Differentiation

Industries

Data & AnalyticsEnergyAI & Machine LearningReal Estate

Company Size

11-50

Company Stage

N/A

Total Funding

N/A

Headquarters

Seattle, Washington

Founded

2024

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Simplify's Take

What believers are saying

  • AZX raised $6 million in January 2026 from AI2 Incubator and Powerhouse Ventures.
  • First-quarter 2026 revenue grew tenfold year over year, signaling strong demand.
  • Michael Levi joined as chief commercial officer in September 2026, strengthening go-to-market execution.

What critics are saying

  • Revenue depends on a few enterprise customers; one lost utility contract can crush growth.
  • Crowded custom-AI services market compresses pricing and lets bigger consultancies undercut AZX.
  • If pre-seed capital runs out before repeatable productization, AZX becomes another boutique services shop.

What makes AZX unique

  • Embedded teams plus custom models for regulated energy, real estate, and logistics workflows.
  • Founders Aaron Goldfeder, Rich Evans, and Michael Albrecht bring Microsoft and startup pedigree.
  • Public Benefit Corporation positioning aligns with sustainability buyers like CBRE and Puget Sound Energy.

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Benefits

Health Insurance

Unlimited Paid Time Off

Company Equity

Remote Work Options

Growth & Insights and Company News

Headcount

6 month growth

-6%

1 year growth

-6%

2 year growth

-6%
GeekWire
Sep 8th, 2026
Tech Moves: T-Mobile appoints CFO; Microsoft and Blue Origin VPs depart; AZX and Caddi name leaders.

Tech Moves: T-Mobile appoints CFO; Microsoft and Blue Origin VPs depart; AZX and Caddi name leaders. - Telecom giant T-Mobile announced that Jessica Uhl will join as chief financial officer-designate later this month, and succeed Peter Osvaldik as CFO in February. Uhl served as CFO of Shell and worked for the global oil and energy giant for more than 17 years. She joins T-Mobile from GE Vernova, where she was president. "I am thrilled to welcome Jessica to T-Mobile," Srini Gopalan, president and CEO of T-Mobile said in a statement. "She brings deep financial and strategic acumen, capital allocation expertise and an innovative growth mindset that is a perfect fit for T-Mobile's next era." Osvaldik will transition to strategic advisor and retire from T-Mobile in July. He joined the company in 2016 and became chief financial officer in 2020. Osvaldik's tenure "has been defined by disciplined financial stewardship, consistent financial outperformance, and an unwavering commitment to T-Mobile's mission," the company said. The move marks the latest leadership shakeup at the Bellevue, Wash.-based company. Mike Katz, T-Mobile's chief business and product officer, announced his departure in July, and Chris Sambar was named chief enterprise officer. T-Mobile has cut 470 jobs in its home state this year and closed numerous retail locations. - Brent Colburn, Microsoft's vice president of global public affairs, is resigning after three years, effective mid-October. "Stepping away from Microsoft is not a decision that I made lightly, but ultimately it is the right one for me and my family," said Colburn, who has been commuting weekly between his home in Oakland, Calif., and Microsoft's Redmond, Wash., headquarters. Colburn's career has spanned leadership roles in government, academia and philanthropy. That includes serving as principal advisor to the secretary of defense for communications and chief of staff to then-Secretary Shaun Donovan. More recent roles include communications vice president for the University of California in Oakland, Princeton University and the Chan Zuckerberg Initiative. - After nearly 13 years, Audrey Powers has left Blue Origin, the aerospace company founded by Jeff Bezos that develops reusable rockets, spacecraft and rocket engines. She was on Blue Origin's October 2021 spaceflight that also carried "Star Trek" star William Shatner and two others. "Hopefully, I've helped change peoples' impressions of rockets (they land, too), astronauts (they are everyone), and our Earth," Powers said, adding that she was sad to leave, but grateful that she took a chance on "a little startup no one had heard of." Powers held the title of deputy and vice president of the New Shepard Business Unit, which is the program that carries people and research payloads into suborbital space. She is an attorney who has previously worked at NASA as a flight controller and as a senior systems engineer at Lockheed Martin. - Michael Levi has joined AZX as chief commercial officer of the Bellevue-based startup, which works with utilities and other industries to build in-house AI technologies supporting their missions. Levi is based in San Francisco and was previously vice president of marketing and growth for KloudGin, where he helped reposition the company's field service software into an AI-native platform for utilities and the public sector. He earlier founded L1CG, a go-to-market advisory, and has held leadership roles in energy, renewables, supply chain and fintech. - Jason Alafgani was named head of marketing for Caddi, a Seattle startup that launched out of AI2 Incubator and is automating basic business operations with generative AI. Alafgani is the co-founder of startups including the podcast company Jellypod and worked as marketing leader for Appwrite, Dodgeball, Mode and others. - Dr. Amir Iravani has joined Los Angeles-based UCLA Health as director of the theranostics program, which focuses on treating cancer using targeted radiation therapy. Iravani previously served as theranostics clinical director at Fred Hutchinson Cancer Center in Seattle and was an associate professor of radiology at the University of Washington School of Medicine. - Portland Metro Region Innovation Hub has hired Kelly Lyons as director of the organization, which provides networking, coaching, funding and other support to entrepreneurs. Lyons is the founder of two startups and has served in leadership at Core Education, Umpqua Bank and Development House, a social services nonprofit. - DigiStor, a Vancouver, Wash.-based provider of secure data-at-rest protection solutions, appointed Michael Callahan to its board of directors. Callahan co-founded Awake Security and PolyServe, which was acquired by HP.

GeekWire
Jan 28th, 2026
Seattle tech veterans raise $6M for AZX to build custom AI solutions for energy industry

AZX, a Bellevue, Washington-based startup building custom AI solutions for utilities and energy companies, has raised $6 million in pre-seed funding. The round was led by AI2 Incubator and SFV, with participation from Founders' Co-op, Kompas, Powerhouse Ventures and others. Founded in October 2024 by tech veterans Aaron Goldfeder, Rich Evans and Michael Albrecht, AZX has grown to 20 employees. The company reported first-quarter revenue increased tenfold year-over-year. AZX combines various AI tools including analytics, machine learning and digital twins to build bespoke applications that integrate into clients' existing systems. Current customers include Puget Sound Energy, CBRE and Franklin Energy. The public benefit corporation aims to help address climate-related challenges as utilities invest hundreds of billions in grid modernisation.

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