Sep 19, 2024
| 4 min read
Momenta, the leading Industrial Impact® venture capital firm, welcomes (back) Atym.io, a US-based innovator in edge orchestration technology, to its Industrial Impact Portfolio.
From HCE to ATYM
In 2021, Momenta commissioned a project to evaluate how highly distributed software could support the industrial infrastructure required to enhance manufacturing agility. This led us to coin the concept of Hyper-Converged Edge (HCE), which we introduced in our blog and during a podcast interview with Stephen Berard, who led the project as our CTO at the time.
The project led us to double-down our investment in Nubix, and more critically to place Stephen there as their CTO, soon followed by our placement of a new CEO: Jason Shepherd. While the transition proved to be too difficult for Nubix as a company, Stephen and Jason persevered and built a new company: Atym.io from the assets of Nubix.
Momenta is pleased to be a shareholder in ATYM along with the other key investors in NUBIX.
From ATYM toward HCE
Atym.io provides a platform that enables developers to seamlessly create, deploy, and manage containerized applications on devices with limited processing power and memory. It unifies Linux-based and real-time operating system (RTOS) devices under a single, flexible framework, enabling businesses to streamline workflows across diverse IoT environments.
By deploying lightweight containerized applications efficiently on thousands of devices, Atym.io reduces operational costs while improving scalability and agility. Designed for industries relying on compact, resource-constrained devices such as microcontroller units (MCUs), Atym.io enhances security, minimizes system failures, and supports frictionless updates. Companies can even leverage existing infrastructure, enabling even resource-constrained devices to deliver real-time insights and advanced analytics.
In short, Atym.io is building a key element of our HCE foundation for agile infrastructure.
From HCE toward Industrial Impact
Hyper-Converged Edge is critical not only for agile manufacturing but to enable agility across energy, smart spaces, and supply chains as well. This agility is what supports Industrial Impact, improving critical industries, the environment, and people's quality of life.
So from our HCE to Nubix to Atym and providing key infrastructure for Industrial Impact, Momenta is proud to continue supporting Atym.io and its leadership.
About Atym.io
Atym.io develops edge orchestration technology that enables software-defined innovation on resource-constrained devices. By leveraging containerization on hardware with as little as 1MB of memory, Atym.io unlocks new opportunities in IoT, AI, and industrial automation. For more information, visit Atym.io.
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Momenta is the leading Industrial Impact® venture capital firm, accelerating industrial innovators across energy, manufacturing, smart spaces, and the supply chain. 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 over a decade. PitchBook has ranked Momenta as one of the ten best-performing venture capital firms for 2023 in its prestigious Global Manager Performance Score League Tables, and the firm is the only European-headquartered VC to secure a Top 10 spot on the list. For more information, please visit http://www.momenta.one.
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