Chrysalix Venture Capital made a new investment in Luffy AI, an Abingdon, Oxfordshire, England, UK-based leader in Adaptive Intelligence (AI) for the control and optimized performance of robotics, machine and industrial processes.
The amount of the deal was not disclosed.
Over the next 18 months, the company will use the seed funding to build out the core technology framework, carry out commercial trials and refine their product offering.
Led by Dr. Matthew Carr, Co-founder & CEO, Luffy AI provides a control solution featuring a new, generalizable AI capability that enables control systems to constantly learn and evolve their structure to what’s happening around them, making them more resilient and robust than traditional AI structures.
The technology can be applied to dynamic, non-linear control challenges for both industrial machines and large industrial processes. Example markets include: petrochemicals, manufacturing, chemicals, metals and mining, and aviation.
FinSMEs
19/07/2022