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Luffy AI Secures Seed Investment From Chrysalix Venture Capital – UK Tech Investment News

Vancouver, BC and Delft, The Netherlands, July 18, 2022 (GLOBE NEWSWIRE) – Chrysalix Venture Capital, a global technology venture capital firm specializing in transformative industrial innovation, announces a new investment in Luffy AI, the new generation of Adaptive Intelligence (AI) for controlling and optimizing the performance of robotics, machines and industrial processes. At the heart of Luffy’s control solution is a new generalizable artificial intelligence capability that allows control systems to constantly learn and evolve their structure based on what is happening around them, making them more resilient and robust than traditional ones. artificial intelligence structures.

Luffy’s technology can be applied to dynamic and non-linear control challenges for both industrial machines and large industrial processes. The solution brings economic benefits not only to the most complex control challenges, but also opens up new machine control applications that today’s systems are virtually unable to address. Sample markets include: petrochemical, manufacturing, chemical, metallurgical and mining and aviation.

The technology benefits from combining simpler digital twin models with self-optimizing neural networks. With a greater ability to adapt to uncertainties or unforeseen events, it has lower maintenance costs and greater explainability than conventional AI approaches.

“Chrysalix is ​​very excited to partner with Luffy. There is great potential for this technology to positively impact a very broad range of high-value control problems, “said Dr. Charles Haythornthwaite, Senior Partner at Chrysalix Venture Capital.” Adaptive control is critical to Industry 4.0 to improve the economic and environmental performance of industrial processes. The characteristics of both a change of pace in terms of capacity and of advantage in terms of costs were very attractive “.

“We are very excited to be working with Chrysalix Venture Capital,” said Dr. Matthew Carr, co-founder and CEO of Luffy AI. “Chrysalix has deep experience in bringing disruptive industrial technology to market, making it the perfect partner for our adaptive artificial intelligence technology. Neural networks capable of learning and adapting are a key technology for Industry 4.0 that will enable better energy and process efficiency. Already able to demonstrate the technology, this initial funding will put Luffy on the path to being at the forefront of the Industry 4.0 movement. “

The Chrysalix RoboValley Fund invests in intelligent systems, Industry 4.0 and the Factory of the Future, enabled by AI, IoT and sensor technologies to achieve significant improvements in productivity and critical business processes. Investors in the fund include Fortune 500 companies, leading companies, financial institutions, family offices and universities. For more information on Chrysalix, please visit chrysalix.com and for more information on Luffy AI, please visit luffy.ai.

About Chrysalix Venture Capital

Chrysalis is a technology-focused venture capital firm that builds, leads and connects high-growth companies. Founded in Vancouver, Canada in 2001, and also with offices in Delft, the Netherlands, Chrysalix has built its reputation by bringing disruptive innovations to the world’s largest industries, focusing on where technology meets physical science. The company’s investments include breakthrough technologies such as smart mining, energy conversion chips, sensors for automation and process control, fast-charging electric vehicle infrastructure, battery intelligence, CO2 capture, wastewater management and fusion energy. Chrysalix has one of the strongest investment teams in the industry with deep experience in energy, industrial technology and entrepreneurship and is supported by over 20 blue-chip international industrial and financial investors. The Chrysalix RoboValley Fund is the second fund managed by the company focused on industrial innovation.

About Luffy AI
Luffy AI has developed adaptive neural networks that enable learning and adaptation at the edge. Their AI control systems can learn the nuances of the controlled process and adapt to changes over time to maintain optimal process efficiency. The technology is currently undergoing commercial testing with two Industry 4.0 OEMs and is generally suitable for industrial processes sensitive to environmental parameters, raw material changes or generally difficult to regulate. Over the next 18 months, Luffy will use the initial funding to build the core technology framework, conduct commercial trials and refine its product offering.

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Luffy AI Secures Seed Investment From Chrysalix Venture Capital – UK Tech Investment News

Source link Luffy AI Secures Seed Investment From Chrysalix Venture Capital – UK Tech Investment News

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