Momenta Invests in Phantasma Labs:
Powering AI-Driven Efficiency and Competitiveness in Global Manufacturing
Phantasma Labs, a leader in AI-driven production planning, has secured a significant investment from Momenta and RunwayFBU. This funding will accelerate Phantasma Labs' expansion into the US and Nordic markets, positioning the company at the forefront of AI adoption in manufacturing.
Tackling Manufacturing Inefficiencies
Global manufacturing inefficiencies cost companies billions annually, with some sectors losing up to 20% of revenue due to outdated production processes (Grand View Research). As demand for advanced production planning software grows, the broader AI-driven manufacturing market is expected to expand rapidly. AI adoption is projected to grow at a compound annual growth rate (CAGR) of over 40% through 2028 (Fortune Business Insights, Market Data Forecast). Phantasma Labs is addressing this challenge by delivering production plans that are 30% more efficient and generated 100 times faster than traditional methods, significantly reducing the operational bottlenecks caused by manual processes.
Serving Underserved Markets
Phantasma Labs’ platform, which doesn’t rely on Big Data, makes advanced production planning accessible to SMEs, upper mid-market companies, and large enterprises—segments often underserved by data-heavy solutions. Using Reinforcement Learning AI that operates without extensive datasets, Phantasma Labs reduces the cost and complexity of adoption, providing manufacturers with a competitive edge in efficiency and real-time decision-making.
A Strategic Investment to Drive Industrial Impact®
Momenta has invested from it's Digital Industry Fund IV, anchored by Rockwell Automation. The investment reflects the ongoing commitment to accelerating Industrial Impact® through digital transformation. With a focus on AI and IIoT technologies, Momenta recognizes Phantasma Labs’ potential to revolutionize production planning, aligning perfectly with its mission to drive operational efficiency, scalability, and sustainability.
“Phantasma Labs’ expertise in autonomous mobility applied to production planning is a perfect example of how AI can enable the next era of industrial innovation," said Ken Forster, Founding Partner at Momenta. "Their technology is transforming global manufacturing, driving efficiency and competitiveness. We see immense potential in their ability to deliver true industrial impact.”
Phantasma Labs: Revolutionizing Production Planning
Already a strong player in the DACH market, Phantasma Labs is set to expand into the US and Nordic regions. Their platform enables manufacturers to deliver faster, more accurate production plans, reducing inefficiencies and manual intervention.
“Our goal is to accelerate AI adoption in manufacturing, an industry often slow to embrace digital transformation,” said Ramakrishna Nanjundaiah, Founder and CEO of Phantasma Labs. “Momenta’s deep expertise in industrial operations and RunwayFBU’s network in the Nordics will enable us to scale faster to transform production planning globally.”
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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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