A Milestone in Industrial AI and Edge Computing
At Momenta, we have been early and committed investors in Edge Impulse, backing its visionary CEO, Zach Shelby, and his exceptional team. Recognizing the company’s contribution to Edge AI, we became the second-largest investor in their Seed II round in 2020 through our Digital Industry Fund II. We deepened our commitment in 2022, participating in their Series A and B rounds through Digital Industry Fund III, supporting their continued growth and market leadership.
Why This Investment Matters
Our investment in Edge Impulse was driven by our conviction that Industrial AI and Edge Computing are key enablers of Industrial Impact® across:
We didn’t just invest in Edge Impulse - we actively partnered with them. Like all of Momenta’s 60+ portfolio companies, we drove co-creation, working closely post-investment to forge strong commercial and technical relationships with our fund anchor Limited Partners, Semtech and Advantech. These partnerships accelerated Edge Impulse’s adoption in industrial markets, fueling its rise as the leading platform for AI-powered IoT solutions at the edge.
The Results and Future Outlook
With this acquisition, Edge Impulse is set to accelerate the deployment of Industrial-Edge AI models, scaling to 1 million models and beyond.
The synergy between Edge Impulse and Qualcomm creates a powerful combination of leading-edge AI software and world-class AI-optimized hardware. Qualcomm’s deep expertise in high-performance, low-power AI computing will amplify Edge Impulse’s ability to deliver scalable, enterprise-grade AI solutions across industrial markets. This partnership will drive next-generation edge AI capabilities, enabling more efficient, intelligent, and connected industrial systems.
Together, Edge Impulse and Qualcomm will set a new standard for scalable edge AI, unlocking unprecedented innovation across critical industrial sectors. Truly Industrial Impact®.
Momenta’s Track Record
This marks Momenta’s 17th exit—our largest to date by a significant margin—reinforcing our leadership in Industrial Impact investments.
Previous notable exits include:
And we’re not stopping here. Stay tuned—another major exit announcement is coming soon!
Explore Momenta’s Industrial Innovation Portfolio: www.momenta.one.
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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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