Berlin’s Phantasma Labs has raised seven-figure investment to disrupt AI production planning efficiency

Berlins’ Phantasma Labs, an AI production planning leader, secures a seven-figure investment to enhance global manufacturing efficiency.

The investment was secured from renowned funds Momenta and RunwayFBU.

Inefficient manufacturing process planning is costing factories all over the world between 3 and 20% of their earnings. Further, advanced AI production planning tools are in high demand as manufacturing organizations strive to become more competitive and efficient. Production planning software is thought to have a $12 billion to $15 billion global market.

A market-leading tool created by Phantasma Labs aids manufacturing organizations of all sizes in effectively scheduling and planning their production processes. Their program, which is based on Reinforcement Learning AI, creates ideal production plans up to 30% faster and with greater precision than those developed using conventional approaches. The technology developed by Phantasma Labs is unique since it is not dependent on Big Data, which allows it to access a vast market that includes mid-caps, large corporations, and SMEs.

The Berlin-based business will utilize the additional funding to grow into the US and Nordic markets. It has previously acquired clients in the DACH (Germany, Austria, and Switzerland) market.

According to founder and CEO Ramakrishna (Rama) Nanjundaiah:

“Momenta’s network, strong industrial LP base, and unique market insights will significantly catalyze the development and expansion of our commercial activities in the US.” In addition, Phantasma will have a lot of potential in the Nordics thanks to RunwayFBU’s robust network.

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Rama further added:

“The industrial sector has not been the first to gain from the AI revolution; this can be attributed to the difficulties in developing AI solutions, high initial expenses, and long ROI periods. We hope to expedite the use of AI in manufacturing with our ground-breaking technology.”

Investors Thoughts:

Senior Partner at RunwayFBU Sagar Chandna stated:

“With the unique combination of large-scale simulation, high-performance computing, and AI/ML knowledge that Phantomsma Labs offers to its team, companies may use AI to enhance their processes without needing a lot of data. We are thrilled to be a part of their journey. This is pivotal in transforming industries.”

Ken Foster, Founding Partner at Momenta, stated:

“The application of Phantom Labs’ autonomous mobility expertise to production planning is enabling new levels of manufacturing efficiency. This is a perfect fit with Momenta’s mission to drive industrial impact through digital transformation.”

Image Credit: Phantasma Labs