Momenta leads Series A investment in SprayVision, driving
advancements in industrial coating operations through innovative
process control and simulation technologies.
ZURICH and PRAGUE, June 26,
2024 /PRNewswire-PRWeb/ -- Momenta, the leading
Industrial Impact® venture capital firm, has led the Series A
investment round in SprayVision, an Ostrava, Czechia-based leader
in process control and simulation of paint coating operations.
Momenta invested along with the participation of J&T Ventures.
This strategic funding will accelerate the company's global
operations, creating an even greater industrial impact.
"SprayVision is pivotal in accelerating the
shift toward autonomy in manufacturing and addressing the expertise
gaps within the labor force."
SprayVision's intelligent coating solution enables dynamic
process control and optimization of paint lines. Their innovation
significantly reduces time, scrap, paint waste, and emissions. With
a simulation prediction accuracy of over 98%, SprayVision empowers
customers to accelerate the transition from automation to
autonomous operations. The company's solutions support customers
from digitizing manual processes to enhancing automation
environments where human-robot collaboration is integrated into
fully autonomous operations.
Petr Jahn, Co-founder and CEO of
SprayVision, remarked, "We are excited to partner with Momenta, a
venture capital investor that deeply understands our industrial
customers and their pain points. We look forward to their practical
support as we expand into North
America and fully penetrate the European Automotive market.
We still have a lot of work to do."
"We believe our investment in SprayVision is pivotal in
accelerating the shift toward autonomy in manufacturing and
bridging the expertise gaps within the labor force, "said
Miroslav Kriz, Venture Partner at
Momenta. "These factors are vital amid the growing resurgence and
reshoring of manufacturing in the Americas and Europe."
This is the seventeenth company to receive investment from
Momenta's Digital Industry Fund III, anchored by Advantech, the
global leader in digital industrial solutions. This also marks the
fourth company to receive investment from Momenta's Digital
Industry Fund IV. The funding will boost Spray Vision's growth and
innovation, solidifying the company's role in the digital
transformation of coating operations.
Jerry O'Gorman, VP at Advantech
IIOT (Industrial Internet of Things) division, stated, "We are
pleased to invest in SprayVision. Their solution can potentially
revolutionize the paint coating by significantly reducing paint
consumption while enhancing quality and sustainability standards.
We see great opportunities to collaborate with SprayVision to
expedite their development of autonomous processes."
About SprayVision:
SprayVision specializes in the digitalization, automation,
simulation, and analysis of spray patterns. Their solutions support
paint lines with process control, wet paint thickness measurement,
and optimal parameter settings.
About Advantech:
Advantech has the corporate vision to "Enable an Intelligent
Planet." The company is a global leader in IoT (Internet of
Things), intelligent systems, and embedded platforms. To embrace
the trends of IoT, big data, and artificial intelligence, Advantech
promotes IoT hardware and software solutions with the industrial
IoT platform WISE-PaaS core to assist business partners and clients
in connecting their industrial chains. Advantech is also working
with business partners to co-create business ecosystems that
accelerate the goal of industrial intelligence. For more
information, please visit https://www.advantech.com.
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,
https://www.momenta.one/, +1 (917) 765 3600, sandra@momenta.one,
https://www.momenta.one/
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SOURCE Momenta