Rockwell Heightens Industrial Clout in New Investments

Rockwell Automation, Inc., the world’s largest company dedicated to industrial automation and digital transformation, has invested in Momenta’s Industry 5.0 Fund. Particularly, the said venture capital supports entrepreneurs focused on resilient, sustainable, and human-centric industrial operations.

Most importantly, the investment gives Rockwell early access to innovative technology that has the potential to disrupt industrial markets and increase sustainability.

Industry 5.0 Foresight

Switzerland-based Momenta launched the $100 million fund in cooperation with the EU Commission. Specifically, it supports 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. Hence, moving the focus from shareholder value to stakeholder value.

File Photo – Image Credit: Rockwell Automation

It puts people at the center by empowering them with information and technology to make decisions with clarity and confidence. Furthermore, it aims at early growth-stage innovators driving the digital transformation of energy, manufacturing, smart spaces, and supply chains. For that reason, 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. Thus, 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.

Cyril Perducat, senior vice president and Chief Technology Officer of Rockwell, said, “This partnership puts Rockwell in a unique position to provide early support and direction for innovative technology. (This) will make our customers around the world even more resilient, agile, and sustainable in years to come.”

In addition, Ken Forster, founding partner at Momenta, said, “(Rockwell Automation) defines industrial automation and digital transformation in North America and has been expanding its 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.”