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Xerox develops and provides printing and digital document solutions, encompassing a range of printers, software, and services for managing information and automating workflows. The company delivers advanced digital printing technology, alongside comprehensive IT services and intelligent workplace solutions that integrate hardware with software to enhance productivity and streamline business processes across various sectors.
The company's foundational innovation stems from Chester Carlson, who invented electrophotography, later known as xerography, in 1938. His insight addressed the need for a simpler, dry copying process, a significant departure from existing wet chemical methods. This invention was later commercialized by the Haloid Photographic Company, which recognized its potential and subsequently rebranded as Xerox Corporation, bringing the world's first automatic xerographic copier, the Xerox 914, to market in 1959.
Xerox serves a broad customer base, from small businesses to large enterprises and government entities, providing solutions tailored to diverse industry needs. The company's vision centers on transforming how people work by making processes smarter and more efficient. It continues to focus on innovation in areas such as digital transformation, aiming to lead the evolution of the modern workplace and enable seamless communication and connectivity.
Key people at Xerox.
Key people at Xerox.
Xerox Corporation is a global leader in document technology, business services, and outsourcing, renowned for pioneering xerographic plain-paper copiers that revolutionized office reproduction.[1][3][4] Originally focused on photographic paper, it evolved into a dominant player in copiers, printers, and digital document management, serving enterprises with hardware, software, and managed services for printing and workflow efficiency.[3][4] Today, headquartered in Norwalk, Connecticut, Xerox addresses document production challenges through innovative reprographics and outsourcing solutions, maintaining a legacy of technological firsts while adapting to digital shifts.[1][4]
Xerox traces its roots to 1906 in Rochester, New York, when it was founded as the Haloid Photographic Company by George C. Seager to manufacture photographic paper and equipment, operating in the shadow of Eastman Kodak.[1][2][4] The pivotal moment came in 1938 when physicist Chester Carlson invented xerography—a dry printing process using an electrically charged photoconductor and toner—after years of independent work, though major firms like IBM rejected it.[1][2][3] In 1946, Joseph C. Wilson, who took over Haloid from his father and is credited as Xerox's founder, partnered with Carlson to commercialize the technology, leading to the first xerographic machine in 1948 and the groundbreaking Model 914 automatic plain-paper copier in 1959.[1][2][4] The company rebranded as Haloid Xerox in 1958 and Xerox Corporation in 1961, with Wilson leading as president/CEO until 1967.[1][2]
Xerox rode the mid-20th-century wave of office automation, capitalizing on post-WWII business expansion and the demand for efficient duplication amid rising paperwork.[1][3] Its 1959 copier launch birthed a new industry, making "Xerox" synonymous with copying (prompting trademark defenses) and influencing market forces like offset lithography's decline.[2][3] By inventing foundational tech at PARC—later licensed or spun out—Xerox shaped personal computing, networking, and printing standards, even as competitors like Apple capitalized on GUI innovations.[3] In the digital era, Xerox influences enterprise document ecosystems through managed print services, adapting to cloud and AI-driven workflows amid paperless trends.[4]
Xerox's path forward hinges on leveraging its document tech expertise in hybrid work environments, expanding AI-enhanced printing, secure outsourcing, and sustainable solutions amid declining physical print volumes.[4] Trends like digital transformation and data security will propel growth in managed services, potentially through partnerships or acquisitions echoing its ACS move. Its influence may evolve from hardware pioneer to essential B2B enabler, sustaining legacy impact in an increasingly paper-digital world—much like how Carlson's "dry writing" simplified offices decades ago.[1][3]
Xerox has 2 tracked investments across 2 companies. The latest tracked deal is $4.0M Seed in Castor Technologies LTD in August 2021.
| Date | Company | Round | Lead Investor(s) | Co-Investor(s) |
|---|---|---|---|---|
| Aug 1, 2021 | Castor Technologies LTD | $4.0M Seed | — | Insight Partners, Journey Ventures, Jeremy Coller, Chartered Group, Evonik Venture Capital, Aviv Refuah, TAU Ventures |
| Jul 1, 2021 | LinkSquares | $40.0M Series B | Brady Broadbent | Hyperplane Venture Capital, Danielle Sheer, Catalyst Investors, DraftKings, First Ascent Ventures, Hyperplane Venture Capital, MassMutual Ventures |