Momenta leads the investment in Luffy AI, a pioneer in adaptive
AI for enhanced industrial control. Luffy's Adaptive Intelligence
Framework, powered by neuroplasticity, offers unparalleled
computational efficiency and enables edge deployments of optimized
industrial control applications.
ZURICH and CAMBRIDGE, United Kingdom, June 3, 2024
/PRNewswire-PRWeb/ -- Momenta, the leading Industrial Impact®
venture capital firm, has announced its latest investment in Luffy
AI, a Cambridge, UK-based leader
in adaptive AI for industrial control. This strategic funding aims
to advance industrial processes and enhance operational
outcomes.
Luffy AI's innovative approach positions
them as a catalyst for transformation, bringing tremendous
potential to industrial optimization projects.
Luffy's Adaptive Intelligence Framework, driven by
neuroplasticity, offers unparalleled computational efficiency and
supports edge deployments of optimized industrial control
applications. This innovative technology enables control systems to
continuously learn and adapt, making them more resilient and
effective than traditional AI models. By integrating simpler
digital twin models with self-optimizing neural networks, Luffy's
solution provides numerous benefits, such as reduced maintenance
costs, improved explainability, and a heightened ability to manage
uncertainty or unexpected events.
"We chose to invest in Luffy because of their team's deep
expertise in industrial control and AI. Their solution aligns with
our investment focus on adaptive industrial systems capable of
learning and adjusting to dynamic environments, from automation to
autonomy," said Michael Dolbec,
Managing Partner at Momenta. "Luffy's innovative approach positions
them as a catalyst for transformation, bringing tremendous
potential to industrial optimization projects."
Dr. Matthew Carr, Co-founder and
CEO of Luffy AI, commented, "We are thrilled to partner with
Momenta, a VC that truly grasps the industrial marketplace and the
potential of Adaptive AI. Given Momenta's well-established
reputation, extensive connections, and deep experience with
industrial innovation, they are the ideal partner for Luffy's next
growth phase. This investment will enable us to expand our customer
base and explore new industrial applications."
Luffy's technology tackles complex control challenges and opens
new opportunities for machine control applications in
petrochemicals, manufacturing, chemicals, metals and mining, and
aviation industries.
This marks the third investment from Momenta's Digital Industry
Fund IV, set to boost Luffy AI's growth and innovation, solidifying
the company's role in the digital transformation of industrial
optimization.
About Luffy:
Luffy AI creates adaptive neural networks that allow control and
adaptation at the edge. Their AI control systems can learn the
nuances of the process being controlled and adapt to changes over
time to maintain optimal process efficiency. For more information,
please visit http://www.luffy.ai.
About Momenta:
Momenta is the leading Industrial Impact® venture capital firm,
accelerating industrial innovators across energy, manufacturing,
smart spaces, and the supply chain. For over a decade, our team of
deep industry operators has helped scale industry leaders and
innovators to improve critical industries, the environment, and
people's quality of life. For more information, please visit
http://www.momenta.one.
Media Contact
Sandra Mueller, momenta.one, +1
(917) 765 3600, sandra@momenta.one, momenta.one
LinkedIn
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SOURCE Momenta