Leiden-based Samotics has secured a €20 million financing agreement from the European Investment Bank (EIB), supported by the European Commission's InvestEU initiative. The funding will enable Samotics to enhance its research and development of AI technologies aimed at increasing reliability and energy efficiency in electrical motors. This aligns with EIB Group's strategy to promote digitalisation and innovation in critical sectors like AI, which is essential for Europe's transition to a greener economy. As reiterated by EIB officials, such technologies are pivotal for competitive and sustainable solutions in the industrial context.
"This is one of those applications where the use of artificial intelligence can make a difference. It highlights that modern challenges require modern solutions..."
"The intelligent way of pre-empting problems and optimising energy efficiency is an important element in our decarbonisation journey."
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