Luffy AI, a Cambridge, UK-based company which specializes in adaptive AI for industrial control, received an investment from Momenta.
The amount of the deal was not disclosed.
The company intends to use the funds to advance industrial processes and enhance operational outcomes.
Led by CEO Dr. Matthew Carr, Luffy AI creates adaptive neural networks that allow control and adaptation at the edge. Their AI control systems can learn the nuances of the process being controlled and adapt to changes over time to maintain optimal process efficiency. Its Adaptive Intelligence Framework, driven by neuroplasticity, offers computational efficiency and supports edge deployments of optimized industrial control applications. The technology enables control systems to continuously learn and adapt, making them more resilient and effective than traditional AI models. By integrating digital twin models with self-optimizing neural networks, Luffy’s solution provides numerous benefits, such as reduced maintenance costs, improved explainability, and a heightened ability to manage uncertainty or unexpected events.
The technology tackles complex control challenges and opens new opportunities for machine control applications in petrochemicals, manufacturing, chemicals, metals and mining, and aviation industries.
FinSMEs
06/06/2024