Product Update: 3 Chicago Orgs With Launches, Awards and Major Product Milestones

From sustainable energy deals to building award-winning software, these local teams have a lot to celebrate this month.

Written by Conlan Carter
Published on Nov. 06, 2024
Photo: Shutterstock
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For tech companies today, missions are built around creating a tangible impact in the world, and great products reflect the result of those missions.

Built In Chicago’s featured companies this month are all making real, measurable improvements in the lives of their customers with their latest product offerings. Sustainable energy technology company Invenergy is reaching major funding milestones as it provides critical energy infrastructure to Oklahoma residents. Enfusion is upgrading its smart investment tools to allow customers to more precisely manage their investments. Software development company Caxy is celebrating the successful reception of its customer’s platform — one that Caxy had an active hand in building.

Reporting on the latest product updates from these three featured organizations, Built In Chicago has compiled a must-see list for fans of new and exciting technologies.

 

What Invenergy does: Invenergy is a global privately held developer and operator of sustainable energy solutions, including wind, solar and natural gas power generation as well as advanced energy storage facilities.

Inclusive Culture Perks at Invenergy

  • Dedicated diversity and inclusion staff
  • Employee resource groups
  • Annual diversity, equity and inclusion training

Moving sustainable energy to Greater Oklahoma: Recently, the U.S. Department of Energy announced that Invenergy’s Cimarron Link transmission project has entered negotiations for a $306 million capacity contract. Cimarron Link is a project aimed at delivering 1,900 megawatts, or “the equivalent of two new nuclear power plants,” from the Oklahoma panhandle to the eastern area of the state. Invenergy’s transmission project will support price competitiveness, stability and long-term energy security for the region.

 

What Enfusion does: Enfusion is an investment management SaaS company that provides investment data and insights via its cloud-native platform.

Financial Perks at Enfusion

  • 401(k) matching, company equity and performance bonuses
  • Monthly commuting stipend
  • Relocation assistance

Upgrading a key tool for customers: Enfusion recently launched the newest phase of its smart investment portfolio tool, Portfolio Workbench, which allows investors to view and even make changes across an investment portfolio with assistance from intelligent technology. The upgrade to the tool includes a greater degree of streamlined management, customization options and enhanced workflows, making for an overall more impactful and dynamic experience for Enfusion’s customers.

 

What Caxy does: Caxy is a software consulting and custom software development agency that supports companies’ technology and business strategies.

Career Benefits at Caxy

  • Job training and mentorship program
  • Documented equal pay policy
  • Developer-led lunch-and-learn sessions

Building award-winning software: As a collaborator and key builder of software for many successful businesses, Caxy is especially proud that one of its customers, Best Money Moves, was awarded the 2024 Social Impact Award at the Smart Business Dealmaker Awards this year. Best Money Moves’ SaaS platform, which was designed and built with help from the Caxy team, is a white-label financial wellness platform that helps businesses and employees make better, more informed financial decisions.

Responses have been edited for length and clarity. Images provided by Shutterstock and listed companies.