Phantasma Labs, a leader in AI-powered manufacturing solutions, has secured a seven-figure investment from us RunwayFBU and Momenta to drive global manufacturing efficiency.
Factories across the globe are losing between 3-20% of their revenues due to inefficient planning of their production processes. As manufacturing companies focus on becoming more efficient and competitive, the demand for advanced production planning tools has increased exponentially. The global market for production planning software is estimated to be between $12 billion and $15 billion.
Phantasma Labs has developed a market-leading product that helps manufacturing companies of all sizes efficiently plan and schedule their production processes. Built on the foundations of Reinforcement Learning AI, their software generates optimal production plans that are up to 30% better and created 100 times faster than traditional methods. The uniqueness of Phantasma Labs' technology lies in its independence from Big Data, opening up a huge market comprising SMEs, mid-caps, and large enterprises.
The company has already secured customers in the DACH market and will use the new funds to expand into the US and Nordic markets. “Momenta's network and deep industrial expertise will significantly catalyze our expansion in the US, while RunwayFBU’s strong presence in the Nordics provides us with a critical entry point," said Ramakrishna Nanjundaiah, Founder and CEO of Phantasma Labs. “With their support, we’re well-positioned to drive AI adoption in manufacturing and deliver transformative impact.”
“The team brings a rare combination of AI/ML expertise, large-scale simulation, and high-performance computing within its team, enabling industries to optimize their processes with AI without requiring large amounts of data. This is pivotal in transforming industries, and we are excited to be part of their journey,” commented Sagar Chandna, Senior Partner at RunwayFBU.
About Momenta:
Momenta is the leading Digital Industry venture capital + growth firm. They accelerate entrepreneurs and leaders devoted to the digitization of energy, manufacturing, smart spaces, and supply chains. Since 2012, Momenta’s team of deep industry operators have invested in over 50 entrepreneurs and helped scale over 150 industry leaders. https://www.momenta.one.
