Momenta Expands Support for Eigen’s Latest Funding:
Advancing AI-Enabled Industrial Inspection with Edge Computing
At Momenta, we remain committed to driving Industrial Impact® through investments in innovators transforming industries. We proudly announce our continued support for Eigen Innovations, a leader in AI-driven industrial inspection and automation, in their latest $2.6M financing round.
Strengthening Our Partnership and Vision for the Future
Momenta has been a long-time backer of Eigen, supporting the company since its early stages. This latest round of financing, supported by our Digital Industry Fund III, anchored by Advantech, will enable Eigen to scale its AI-enabled thermal imaging inspection solutions. These solutions address critical challenges in automated in-line inspections—providing manufacturers with real-time insights, reducing downtime, and improving operational efficiency.
Along with this financial support, Ken Forster, Founding Partner of Momenta, has joined Eigen’s Board of Directors. “Momenta was an early investor in Eigen, anchoring our focus on industrial analytic solutions,” said Forster. “I look forward to working with the Board to help the company scale the adoption of their solutions within manufacturing and beyond.”
Accelerating Digital Transformation in Manufacturing
Eigen Innovations' AI-enabled thermal imaging technology offers manufacturers a comprehensive solution for conducting in-line inspections in real-time. It allows them to detect defects beneath the surface of their products and take immediate corrective action. This level of visibility significantly improves quality control while reducing production downtime and overall costs.
“Before Eigen, our customers didn’t have a viable alternative. We’ve given them a scalable solution that delivers a significant ROI and provides a competitive advantage,” said Erin Barrett, CEO of Eigen Innovations. Watch where the future of manufacturing is taking place!
Driving Innovation in Industrial Automation
Momenta has been leading the smart manufacturing revolution, and as a long-time backer of Eigen, they have supported the company since its early stages. This continued investment reflects their commitment to addressing critical challenges in industrial automation. As AI-driven automation becomes more essential, Momenta’s strategic backing of innovative companies like Eigen is helping shape the future with Industrial Impact®.
Looking Ahead
As Eigen Innovations expands its technology and market reach, we are excited to support its continued growth. Eigen is planning several upcoming webinars and demonstrations to showcase how their solutions can revolutionize manufacturing processes across various industries. For more details, visit Eigen Innovations.
About Eigen Innovations
Since 2012, Eigen Innovations has been helping manufacturers overcome challenges related to deploying and managing AI-enabled quality inspection solutions. Our solutions capture and consolidate data that factory teams require to inspect 100% of their products in line. They allow factory teams to seamlessly introduce closed-loop automation and leverage analytics and insights to prevent defects and reduce risk across their operations.
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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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