SprayVision, an Ostrava, Czech Republic-based company which specializes in process control and simulation of paint coating operations, raised an undisclosed amount in Series A funding.
The round was led by Momenta with participation from J&T Ventures.
The company intends to use the funds to accelerate its operations, creating an industrial impact through innovative process control and simulation technologies.
Led by CEO Petr Jahn, SprayVision specializes in the digitalization, automation, simulation, and analysis of spray patterns. The company’s solutions support paint lines with process control, wet paint thickness measurement, and optimal parameter settings.
Commenting on the news, Petr Jahn said: “We are excited to partner with Momenta, a venture capital investor that deeply understands our industrial customers and their pain points. We look forward to their practical support as we expand into North America and fully penetrate the European Automotive market. We still have a lot of work to do.”
FinSMEs
01/07/2024