Press Release

Entrepreneur Named One of Forbes' "50 Women-Led Startups that are Crushing Tech" and the CEO and Co-Founder of Machfu Join Pax Momentum

An entrepreneur featured on Forbes’ 50 Women-Led Startups That Are Crushing Tech has joined Pax Momentum as a trusted Professor. Serene Almomen, Ph.D., is the CEO and Co-Founder of Senseware, a patented modular IoT platform providing real time visibility on all data that matters including energy, sustainability, health and safety. Serene raised $5M for Senseware to date and filed and received 11 patents for her work at Senseware. 

Pax Momentum is also thrilled to welcome Prakash Chakravarthi, the CEO and Co-Founder of Machfu, a company dedicated to bringing the benefits of modern web services to industrial equipment, devices and sensors. Prakash recently raised Series A round of venture capital led by CSL ventures and Blu venture investors. Machfu is led by a veteran team that has over 20 years of experience in industrial IOT across different vertical segments.

Both professors were specifically selected to help strengthen Pax Momentum's ability to serve the Climate Tech participants in our cohort. Pax Professors are entrepreneurs with big wins and an abundance of wisdom to share. The professors will be giving exclusive webinars, focused small group work, and office hours to entrepreneurs in our Fall 2020 Cohort. These entrepreneurs have had immense success on their own and are looking forward to sharing their key takeaways with the Pax cohort companies.

Pax Momentum welcomes applicants from all over the world to take part in its eight-week Fall 2020 Cohort, which offers a $50,000 equity investment. The accelerator will be conducted mostly virtually with three summits. Stay tuned for more announcements on Pax Angel Investors and Pax Professors!

PAX Blogs

Open Letter about New Selection Criteria

PAX has excellent news to share with our community: Starting in Spring 2023, PAX is expanding the selection criteria for our leading B2B accelerator program to include pre-revenue companies!

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Well first thing, you get funded. PAX wires the money before the program starts, not at the end. This means that from the very beginning, PAX becomes your partner as we are literally invested in your success.

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