Venture Capital: Rockwell Automation Is Anchor Investor In The Momenta Industry 5.0 Fund
Rockwell will “provide early support and direction for innovative technology that will make our customers around the world even more resilient, agile, and sustainable in years to come.” – Cyril Perducat, senior vice president and Chief Technology Officer.
Rockwell Automation, Inc. (NYSE: ROK), a global leader in industrial automation and digital transformation, has made a significant strategic investment in Momenta’s Industry 5.0 Fund. This venture capital and value creation fund, established in collaboration with the EU Commission, aims to support startups that are dedicated to advancing resilient, sustainable, and human-centric industrial operations.
This investment provides Rockwell Automation with early access to innovative technology, with the potential to disrupt industrial markets and enhance sustainability. (Silicon Canals)
Momenta, based in Switzerland, launched the Industry 5.0 Fund with a budget of $100 million to foster startup companies aligned with the Commission’s Industry 5.0 initiative. This initiative underscores the importance of research and innovation in transitioning towards a sustainable, human-focused, and resilient industry. It places a strong emphasis on shifting from a shareholder-centric approach to a stakeholder-centric one, empowering individuals with information and technology to make informed decisions.
The Industry 5.0 Fund targets early-stage innovators driving the digital transformation of various sectors, including energy, manufacturing, smart spaces, and supply chains. It provides venture capital investments and direct value creation to entrepreneurs in Europe and North America.
Furthermore, Rockwell Automation serves as an anchor investor in this fund and will collaborate closely with Momenta and its portfolio companies.
According to Cyril Perducat, Senior Vice President and Chief Technology Officer of Rockwell, this collaboration had the potential to “expand human possibility” and benefit all stakeholders.
This strategic investment positions Rockwell Automation at the forefront of innovative technology, enabling the company to support its customers in becoming more resilient, agile, and sustainable in the years to come.
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