SprayVision Secures €2 Million Investment to Revolutionize Industrial Coating Operations

In an exciting development for the industrial tech sector, Ostrava-based startup SprayVision has successfully secured a €2 million investment from American fund Momenta Ventures and Czech fund J&T Ventures.

This investment marks a significant milestone for both SprayVision and Momenta Ventures, as it represents Momenta’s first foray into Central Europe. The primary objective of this funding is to support SprayVision’s ambitious expansion into the United States market.

Innovating Industrial Coating with Intelligent Solutions

SprayVision, founded by Petr Jahn and Vojtěch Roul, has quickly established itself as a leader in process control and simulation of paint coating operations. Their intelligent coating solution enables dynamic process control and optimization of paint lines, significantly reducing time, scrap, paint waste, and emissions. With a simulation prediction accuracy of over 98%, SprayVision empowers customers to transition from traditional automation to fully autonomous operations. This groundbreaking technology supports clients in digitizing manual processes and enhancing automation environments where human-robot collaboration is seamlessly integrated.

Petr Jahn, Co-founder and CEO of SprayVision, expressed his enthusiasm about the partnership: “We are excited to partner with Momenta, a venture capital investor that deeply understands our industrial customers and their pain points. We look forward to their practical support as we expand into North America and fully penetrate the European Automotive market.”

A Strategic Investment for Global Impact

Miroslav Kriz, Venture Partner at Momenta Ventures, highlighted the importance of this investment: “We believe our investment in SprayVision is pivotal in accelerating the shift toward autonomy in manufacturing and bridging the expertise gaps within the labor force. These factors are vital amid the growing resurgence and reshoring of manufacturing in the Americas and Europe.”

This investment is part of Momenta’s broader strategy to foster innovation in industrial technologies. SprayVision is the fourth company to receive investment from Momenta’s Digital Industry Fund IV, which is anchored by Rockwell Automation, the world’s largest company dedicated to industrial automation and digital transformation. Additionally, SprayVision is the seventeenth company to receive investment from Momenta’s Digital Industry Fund III, anchored by Advantech, the global leader in digital industrial solutions.

Jerry O’Gorman, VP at Advantech IIOT (Industrial Internet of Things) division, stated, “We are pleased to invest in SprayVision. Their solution can potentially revolutionize the paint coating process by significantly reducing paint consumption while enhancing quality and sustainability standards. We see great opportunities to collaborate with SprayVision to expedite their development of autonomous processes.”

A Vision for the Future

The €2 million investment will be utilized to accelerate SprayVision’s growth and innovation, solidifying its role in the digital transformation of coating operations. This strategic funding will enable SprayVision to expand its global operations and create an even greater industrial impact. By leveraging the expertise and resources of Momenta Ventures and J&T Ventures, SprayVision is poised to enhance the safety, efficiency, and sustainability of industrial coating processes on a global scale.

SprayVision’s intelligent solutions address a critical need in the industry, providing a reliable and efficient means of controlling and optimizing paint operations. The company’s technology not only improves operational efficiency but also contributes to environmental sustainability by reducing waste and emissions.

Bridging the Gap in Industrial Expertise

The interest of investors and tech entrepreneurs in entering the field of security and industrial technologies has been growing significantly in recent years. For investors, the biggest barrier to entry is often the general inaccessibility of sector-specific expertise needed to evaluate the quality of technology and its commercial viability. Tech entrepreneurs, on the other hand, are hindered by complex regulations, time-consuming processes, and the fulfillment of numerous formal criteria. The partnership between SprayVision, Momenta Ventures, and J&T Ventures directly tackles these barriers and risks, providing a unique blend of industrial know-how and technological expertise.

SprayVision’s innovative approach is not just about technology but about creating solutions that have a meaningful impact on the industry and society. By supporting SprayVision’s expansion into North America and beyond, this investment aims to bridge the gap in industrial expertise and drive the future of autonomous manufacturing.

A Bright Future Ahead

Each year, investors at Presto Tech Horizons connect with thousands of founders of innovative companies whose products hold the potential to solve society’s most pressing challenges. They back talented, driven tech entrepreneurs and companies that are eager to succeed on a global scale, typically already generate revenue, and seek a strong partner to accelerate their growth. The fund is already assessing numerous promising projects, with the intention to announce the first portfolio investments in the fall.

SprayVision’s journey from a promising startup to a global leader in industrial coating solutions is a testament to the power of innovation and strategic investment. With the support of Momenta Ventures and J&T Ventures, SprayVision is well-positioned to make a significant impact in the industry, driving the future of autonomous and sustainable manufacturing.

For more information about SprayVision and their innovative solutions, visit sprayvision.com.

About Momenta Ventures

Momenta Ventures is a leading Industrial Impact® venture capital firm that invests in innovative companies within the industrial and digital transformation sectors. With a focus on enhancing the safety, efficiency, and sustainability of industrial operations, Momenta Ventures leverages its extensive network and expertise to support the growth and success of its portfolio companies.

About J&T Ventures

J&T Ventures is a Czech venture capital fund that invests in fast-growing tech companies, supporting their development and expansion into global markets. With a strong focus on innovation and sustainability, J&T Ventures provides hands-on support and strategic guidance to its portfolio companies, helping them achieve their full potential.

Share the Post:

Related Posts

Enjoying the culinary show?

All this and much more, we do for you – our beloved startup community, for free. If you like what we do, join us on this culinary journey by supporting us on Buy Me a Coffee . Your contribution fuels our passion for fostering startup success.