Rockwell Automation Makes Strategic Investment in Momenta Fund that Develops Sustainable, Human-Centric Industrial Technology of the Future
Rockwell Automation, Inc. (NYSE: ROK), the world’s largest company dedicated to industrial automation and digital transformation, today announced its investment in Momenta’s Industry 5.0 Fund, a venture capital and value creation fund that supports entrepreneurs focused on resilient, sustainable, and human-centric industrial operations, providing Rockwell early access to innovative technology that has the potential to disrupt industrial markets and increase sustainability.
Switzerland-based Momenta launched the $100 million fund in cooperation with the EU Commission to support start-up companies working to advance the Commission’s Industry 5.0 initiative. The initiative highlights research and innovation as drivers for a transition to a sustainable, human-centric, and resilient industry, moving the focus from shareholder value to stakeholder value. It puts people at the center by empowering them with information and technology to make decisions with clarity and confidence. Aimed at early growth-stage innovators driving the digital transformation of energy, manufacturing, smart spaces, and supply chains, the Industry 5.0 Fund will deliver venture capital investment and direct value-creation to entrepreneurs in Europe and North America.
Rockwell is an anchor investor in the fund, and its Venture team will work closely with Momenta and the portfolio companies, offering a wide breadth of expertise and Rockwell’s strategic network. The investment complements Rockwell’s inorganic growth strategy, giving the company insights and access to next-generation technologies driving digital transformation that are still in the early development stage.
“We’re excited to partner with Momenta to find the start-ups that are poised to disrupt the industry and align with our purpose of expanding human possibility. Supporting and adopting technology that is beneficial for all stakeholders is inherently beneficial for our shareholders as well,” said Cyril Perducat, senior vice president and Chief Technology Officer of Rockwell. “This partnership puts Rockwell in a unique position to 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.”
Ken Forster, founding partner at Momenta, added: “We’re honored to have Rockwell Automation as an investor in our Industry 5.0 fund. They define industrial automation and digital transformation in North America and have been expanding their global presence under an impressive leadership team. Momenta’s focus for the past decade has been investing in companies driving industrial impact, and we could not think of a better partner for this Industry 5.0 fund than Rockwell Automation.”
About Rockwell Automation
Rockwell Automation, Inc. (NYSE: ROK), is a global leader in industrial automation and digital transformation. We connect the imaginations of people with the potential of technology to expand what is humanly possible, making the world more productive and more sustainable. Headquartered in Milwaukee, Wisconsin, Rockwell Automation employs approximately 29,000 problem solvers dedicated to our customers in more than 100 countries. To learn more about how we are bringing the Connected Enterprise to life across industrial enterprises, visit www.rockwellautomation.com.
Momenta is the leading Industrial Impact venture capital + growth firm. We accelerate entrepreneurs and leaders devoted to the digitization of energy, manufacturing, smart spaces, and supply chains. Since 2012, our team of deep industry operators have invested in over 50 entrepreneurs and helped scale over 150 industry leaders via our award-winning executive search and strategic advisory practices. For more information, please visit www.momenta.one.
To view this piece of content from cts.businesswire.com, please give your consent at the top of this page.
Head of Government Affairs and External Communications
Investor Relations contact:
Head of Investor Relations and Market Strategy
About Business Wire
(c) 2018 Business Wire, Inc., All rights reserved.
Business Wire, a Berkshire Hathaway company, is the global leader in multiplatform press release distribution.
Subscribe to releases from Business Wire
Subscribe to all the latest releases from Business Wire by registering your e-mail address below. You can unsubscribe at any time.
Latest releases from Business Wire
Tongxin Micro Making a Splash at TRUSTECH, and Unveiling the World’s First eSIM Solution Tailored for Smart POS Systems29.11.2023 18:00:00 CET | Press release
November 28th marks the grand opening of TRUSTECH 2023 in Paris, France. Tongxin Micro, an industry-leading semiconductor solution provider, makes an impressive debut, showcasing its technological advancements in identity recognition, telecommunications, and financial payments. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20231129462718/en/ (Photo: Business Wire) In the realm of identity recognition, Tongxin Micro brings its document chip solutions in compliance with international ICAO standards that boast the highest security levels globally, catering to such applications as seafarer’s passport and official passport. In telecommunications, a full array of products and terminal applications are displayed, including standard SIM, SWP-SIM, digital car keys based on SWP-SIM, and eSIM wearable devices. In the payment sector, Tongxin Micro’s innovative payment technologies draw significant attention, ranging from chip application
Gillette Gaming launches new creative concept, Hit Reset with Gillette, to encourage and inspire gamers and fans worldwide29.11.2023 17:15:00 CET | Press release
For over ten years, GilletteTM, the world’s largest male grooming company, has been helping gamers look and play their best, whether it be for gaming or everyday life. This year, Gillette is refreshing its approach and creating a new era of gaming with its newest campaign, “Hit Reset with Gillette” – encouraging the gaming community to hit reset after a night of gaming, come back a better player and look sharp for the day with a fresh shave. Hitting “reset” is a universal term in gaming and works perfectly with grooming – inviting gamers and fans to start their day looking and feeling their best, to be their best and most confident, whether it be in gaming or whatever the day has ahead. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20231129843095/en/ (Graphic: Business Wire) To further inspire the gaming community, Gillette will leverage its Gillette Gaming Alliance to create “Hit Reset with Gillette” content and host branded
Kahuna Workforce Solutions Secures $21 Million in Series B Funding from Resolve Growth Partners to Advance Skills Management Technology for Frontline Workers29.11.2023 17:08:00 CET | Press release
Kahuna Workforce Solutions, the leading provider of operational skills and competency management software, today announced a $21 million Series B funding round led by Resolve Growth Partners. This investment marks a significant milestone in Kahuna’s growth journey and solidifies the criticality of skills management for industries with technical frontline workforces. As organizations navigate an ever-evolving and complex landscape, understanding, validating, and aligning workforce skills to strategic business objectives is central to operating at the highest level. Kahuna is at the forefront of skills management technology, equipping organizations with actionable skill insights for effective assessment, training and development, and staffing and deployment initiatives, ultimately enabling resilient operations, improved productivity, and a more competitive workforce. Kahuna’s customer base of leading Fortune 500 energy, manufacturing, and field service organizations, and world-renowned h
OPP SCIENCE Reaffirms Its Commitment to Public Security by Supporting the AGIR Meetings Sponsored by French National Gendarmerie29.11.2023 16:45:00 CET | Press release
OPPSCIENCE, a leader in Intelligence Analysis Management (IAM), reaffirms its support for public security by sponsoring the AGIR event. Following the introduction of its latest version of SPECTRA, a software dedicated to law enforcement, during Milipol Paris, OPPSCIENCE contributes to accelerating the initiatives of the National Gendarmerie on the seek of innovations. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20231129543708/en/ The encounters at AGIR supported by OPPSCIENCE (Photo: Business Wire) MEETINGS AT AGIR: UNDERSTANDING THE NEEDS OF THE GENDARMERIE FOR LAW ENFORCEMENT Strengthening the dialogue between law enforcement and the technology industry is the goal of the AGIR exhibition (Accompagnement par la Gendarmerie de l’Innovation, de l’Industrie et de la Recherche). Initiated by the innovation unit of the National Gendarmerie, this exhibition enables innovators in the Gendarmerie community, specialized units, proj
ReValve Solutions Announces Successful First-in-Human with Next Generation TMVR Technology29.11.2023 15:03:00 CET | Press release
ReValve Solutions Inc. (ReValve), which has developed a next generation technology for Transcatheter Mitral Valve Replacement (TMVR), announced that an 81-year-old male, with a history of heart failure, a series of failed surgical by-pass grafts and severe mitral regurgitation (MR 4+), was successfully treated with the Palmetto System. The next generation TMVR procedure was performed using ReValve’s Palmetto System on October 11, 2023, at the Punta Pacifica Hospital, Panama City, Panama by Interventional Cardiologists Dr. Charles Davidson (Medical Director, Bluhm Cardiovascular Institute, Northwestern Memorial Hospital) and Dr. Temistocles Diaz (Chief of Interventional Cardiology at Punta Pacifica Hospital), along with Cardiovascular Surgeon Dr. Douglas Boyd, (Professor of Surgery, Vice Chair, Department of Cardiovascular Sciences, East Carolina University) and Echocardiographer Dr. Edris Aman (Assistant Clinical Professor of Cardiovascular Medicine at the University of California, Dav