PowerbyProxi is a spin-out from University of Auckland’s Engineering School, and is a product of nearly three decades of research by the wireless power faculty. PowerbyProxi is commercialising its technology in industrial and consumer applications.
Movac lead the initial investment round and participated in all subsequent rounds through to Series D. Other significant investors included Samsung Ventures and TE Connectivity. In 2017 the company was acquired by Apple Inc.
Apple senior vice president of hardware engineering Dan Riccio said “PowerbyProxi’s team would be a great addition as Apple works to create a wireless future. We want to bring truly effortless charging to more places and more customers around the world.”
PowerbyProxi CEO Fady Mishriki said “We are thrilled to join Apple. There is tremendous alignment with our values, and we are excited to continue our growth in Auckland and contribute to the great innovation in wireless charging coming out of New Zealand.”
Apple doubles down on wireless charging with its latest acquisition
FounderFady Mishriki & Greg CrossCEOFady MishrikiIndustryTechnology – HardwareWebsitepowerbyproxi.com
Movac lead the initial investment round and participated in all subsequent rounds through to Series D. Other significant investors included Samsung Ventures and TE Connectivity. In 2017 the company was acquired by Apple Inc.
Apple senior vice president of hardware engineering Dan Riccio said “PowerbyProxi’s team would be a great addition as Apple works to create a wireless future. We want to bring truly effortless charging to more places and more customers around the world.”
PowerbyProxi CEO Fady Mishriki said “We are thrilled to join Apple. There is tremendous alignment with our values, and we are excited to continue our growth in Auckland and contribute to the great innovation in wireless charging coming out of New Zealand.”
Apple doubles down on wireless charging with its latest acquisition
FounderFady Mishriki & Greg CrossCEOFady MishrikiIndustryTechnology – HardwareWebsitepowerbyproxi.com
Total raised: $9M
Investors 1
| Date | Name | Website |
| - | Movac | movac.co.n... |
Funding Rounds 2
| Date | Series | Amount | Investors |
| 01.10.2013 | - | $4M | - |
| 18.04.2013 | Series C | $5M | - |
Mentions in press and media 21
| Date | Title | Description |
| 25.10.2017 | Apple doubles down on wireless charging with its latest acquisition | Apple is doubling on wireless charging, the technology that debuted in this year’s iPhone 8 and iPhone X, after it scooped up New Zealand-based company PowerbyProxi in its latest piece of M&A. Ten-year-old PowerbyProxi is a spinout of t... |
| 25.10.2017 | Term Sheet — Wednesday, October 25 | 5 Qs WITH A DEALMAKER Vijay Pande, a general partner at Andreessen Horowitz, leads investments at the cross-section of biology and computer science. Pande sits on the board of many startups including Apeel Sciences, Freenome, and Rigetti Co... |
| 24.10.2017 | Apple has Acquired a New Zealand based Wireless Power Company for Future iDevice and Project Titan Solutions Categories Search | Apple has bought Kiwi tech company PowerbyProxi, which develops wireless charging technology. Apple announced the acquisition, for an undisclosed amount, and senior vice president of hardware engineering Dan Riccio told Fairfax Media that P... |
| 16.06.2016 | Apple's Magnetic Stand Invention Gets Down to Business Categories Search | Today, the U.S. Patent and Trademark Office published a patent application from Apple that adds a dimension to their current granted patent for an iDevice / iPad stand based on magnetics. Apple's original patent application was covered by P... |
| 01.02.2016 | 2015 - That's a wrap | The ramblings of an over active investor and frustrated entrepreneur. 2015 has been a roller coaster year, but ending on the way up rather than the way down! That’s important. First, the tough stuff. The tough stuff has been the human stu... |
| 13.08.2014 | PowerbyProxi announces availability of evaluation kits for consumer electronic devices | PLEASANTON, Calif. Aug. 12, 2014 PowerbyProxi, developer of the world’s most advanced and safest wireless power solutions, today announced the release of Proxi-2D EVK-1, an evaluation kit for wireless charging of consumer electronic devices... |
| 21.05.2014 | Silicon Valley veteran joins PowerbyProxi’s Board of Directors to focus on international growth | The New Zealand based developer of the world’s most advanced and safest wireless power systems, PowerbyProxi (www.powerbyproxi. com), today announced leading Silicon Valley technology executive Dr. Gani Jusuf has been appointed to its board... |
| 15.10.2013 | Samsung Set to Deliver Smartphone's with Built-In Wireless Charging in 2014. Is Apple Far Behind? Categories Search | According to a new report today, Samsung Electronics' wireless business division has embarked on a magnetic resonant smartphone wireless charging technology development with a goal for commercialization next year. Samsung Electronics' Syste... |
| 01.10.2013 | PowerbyProxi Receives $4M Investment from Samsung Ventures Investment Corporation | PowerbyProxi, an Auckland, New Zealand-based wireless charging startup, received a $4m investment from Samsung Ventures Investment Corporation. Led by CEO Greg Cross, PowerbyProxi provides a wireless power charging solution that allows cons... |
| 30.09.2013 | PowerbyProxi Inks $4M in Strategic Funding | AUCKLAND, NEW ZEALAND, Developer of the world's most advanced and safest wireless power system, today announced it has received $4 million in funding from Samsung Ventures. >> Click here for more funding data on PowerbyProxi >&... |
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