BAKU, Azerbaijan, January 28. Dutch electrical data analytics firm Samotics has signed a 20 million euro financing deal with the European Investment Bank (EIB) to advance its research and development efforts, Trend reports.
The funding will support the company’s work on machine health monitoring and energy efficiency solutions, with a next-generation integrated system set to launch later this year.
EIB Vice President Robert de Groot emphasized the significance of the investment, stating, “This is one of those applications where artificial intelligence can truly make a difference. Optimizing energy efficiency and preempting problems are vital for Europe’s decarbonization journey.” The investment aligns with the EU’s broader goals of driving digitalization and innovation in Industry 4.0 technologies under the InvestEU initiative.
Samotics CEO Jasper Hoogeweegen called the funding a milestone, adding, “It underscores confidence in our technology’s ability to transform industrial reliability and sustainability.”
Using advanced electrical signature analysis (ESA), Samotics’ system identifies faults and inefficiencies in electric motors by analyzing changes in operational characteristics. Its AI-driven platform provides actionable insights to prevent malfunctions and reduce energy waste. Installed directly in electric cabinets, the system eliminates the need for access to motors, minimizing downtime risks in critical infrastructure.
This investment highlights the growing role of innovative technologies in Europe’s green and digital transitions, with reliability and energy efficiency at the forefront of sustainability efforts.