Chrysalix Venture Capital Announces New Investment in Luffy

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Vancouver, British Columbia and Delft, Netherlands, July 18. 11, 2022 (GLOBE NEWSWIRE) — Chrysalix Venture Capital, a global technology venture capital firm specializing in transformational industrial innovation, announces a new investment in Luffy AI, the next generation of adaptive intelligence (AI) for control and intelligence. performance optimization of robotics, machines and industrial processes. At the heart of Luffy’s control solution is a new generalizable AI capability that allows control systems to constantly learn and adapt their structure to what’s happening around them, making them more resilient. and robust than traditional AI frameworks.

Luffy’s technology can be applied to dynamic and nonlinear control challenges for industrial machinery and large industrial processes. The solution brings economic benefits not only to the most complex control challenges, but also opens up new machine control applications that current systems virtually cannot solve. Examples of markets include: petrochemicals, manufacturing, chemicals, metals and mining, and aviation.

The technology offers benefits by combining simpler digital twin models with self-optimizing neural networks. With greater adaptability to uncertainty or unforeseen events, it has lower maintenance costs and greater explainability than conventional AI approaches.

“Chrysalix is ​​very excited to be teaming up with Luffy. There is great potential for this technology to positively impact a very wide range of high-value control issues,” said Dr. Charles Haythornthwaite, Senior Partner at Chrysalix Venture Capital “Adaptive control is at the heart of Industry 4.0 to improve the economic and environmental performance of industrial processes. The characteristics of both a radical change in capacity and a cost advantage were very attractive.” »

“We are very pleased to work with Chrysalix Venture Capital,” said Dr. Matthew Carr, co-founder and CEO of Luffy AI. “Chrysalix has deep expertise in bringing disruptive industrial technologies to market, making it the ideal partner for our adaptive AI technology. Neural networks that can learn and adapt are a key technology for Industry 4.0 that will improve energy and process efficiency. Already able to demonstrate the technology, this seed funding will put Luffy on a path to be at the forefront of the Industry 4.0 movement.

The Chrysalix RoboValley Fund invests in smart systems, Industry 4.0 and the Factory of the Future, enabled by AI, IoT and sensor technologies to achieve significant improvements in productivity and critical business processes. Investors in the fund include Fortune 500 companies, blue chip companies, financial institutions, family offices and universities. For more information on Chrysalix, please visit chrysalix.fr and for more information about Luffy AI, please visit luffy.ai.

About Chrysalix Venture Capital

Chrysalis is a technology-focused venture capital firm that builds, nurtures and connects high-growth companies. Founded in Vancouver, Canada in 2001, and with offices also in Delft, the Netherlands, Chrysalix has built its reputation on bringing disruptive innovations to the world’s biggest industries by focusing where technology meets physical science. . The company’s investments include breakthrough technologies such as smart mining, power conversion chips, sensors for process automation and control, electric vehicle fast charging infrastructure, battery intelligence, CO2 capture, waste water management and fusion energy. Chrysalix has one of the strongest investment teams in the industry with deep expertise in energy, industrial technology and entrepreneurship, and is backed by more than 20 blue-chip international industrial and financial investors . The Chrysalix RoboValley fund is the company’s second fund under management focused on industrial innovation.

About Luffy AI
Luffy AI has developed adaptive neural networks that enable learning and adaptation at the periphery. Their AI control systems can learn the nuances of the controlled process and adapt to changes over time to maintain optimal process efficiency. The technology is currently in commercial trials with two Industry 4.0 OEMs and is generally suitable for industrial processes sensitive to environmental parameters, raw material changes or generally difficult to tune. Over the next 18 months, Luffy will use the seed funding to develop the core technology framework, conduct commercial trials, and refine its product offering.


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