- Luffy’s technology can be applied to dynamic, non-linear control challenges for both industrial machines and large industrial processes
- The Chrysalix RoboValley Fund invests in intelligent systems, Industry 4.0 and the Factory of the Future
- Vancouver-based Chrysalix was founded in 2001
Canadian venture capital firm Chrysalix Venture Capital has made a seed investment in UK-based Luffy AI, a developer of artificial intelligence-based software. No financial terms were disclosed.
Over the next 18 months, Luffy will use the seed funding to build out the core technology framework, carry out commercial trials and refine their product offering.
Luffy’s technology can be applied to dynamic, non-linear control challenges for both industrial machines and large industrial processes.
“Chrysalix is very excited to team up with Luffy. There is great potential for this technology to positively impact a very wide range of high value control problems,” said Dr. Charles Haythornthwaite, senior partner at Chrysalix, in a statement. “Adaptive control is central to Industry 4.0 to improve the economic and environmental performance of industrial processes.”
Chrysalix invested through the Chrysalix RoboValley Fund, which is focused on intelligent systems, Industry 4.0 and the Factory of the Future. The fund was closed earlier this year at nearly $100 million, backed by Fortune 500 companies, corporates, financial institutions, family offices and universities.
Chrysalix is a technology-focused venture capital firm that builds, mentors and connects high-growth companies. Founded in 2001, it has offices in Vancouver and Delft, Netherlands.