Samotics Secures €20 Million Loan to Boost AI Technology
Leiden, Thursday, 30 January 2025.
Leiden’s Samotics receives €20 million from the European Investment Bank to enhance AI-driven energy efficiency and industrial reliability, supported by the InvestEU initiative.
Revolutionary AI-Powered Motor Monitoring
Leiden-based Samotics, founded in 2015 by Simon Jagers and Gerben Gooijers [3], has developed an innovative approach to industrial efficiency through their Electrical Signature Analysis (ESA) technology. The system ingeniously detects subtle changes in electrical motors’ operational characteristics by monitoring variations in magnetic fields, which affect supply voltage and current [1]. This technology enables comprehensive monitoring of entire powertrains, from motor to transmission and load, allowing for precise fault prediction [1].
Practical Implementation and Benefits
A key advantage of Samotics’ solution lies in its practical implementation. The system can be installed directly in electrical cabinets, eliminating the need to access often hard-to-reach motors [1][3]. This feature is particularly crucial for critical infrastructure operations where unplanned downtime can result in substantial costs [3]. The AI-driven monitoring system not only predicts potential failures but also identifies energy inefficiencies, leading to significant reductions in operational expenses [1].
Strategic European Investment
The €20 million financing, announced on January 27, 2025 [8], is part of the European Investment Bank’s broader strategy to accelerate digitalization and innovation in Industry 4.0-related technology [3]. EIB Vice President Robert de Groot emphasized the significance of this investment, stating that ‘This is one of those applications where the use of artificial intelligence can make a difference’ [3]. The funding, supported by the European Commission’s InvestEU initiative, demonstrates the EU’s commitment to advancing technological innovation and strategic autonomy [1][3].
Future Growth and Development
According to Jasper Hoogeweegen, CEO of Samotics, this funding marks a defining moment for the company [3]. The investment will be utilized to accelerate research and development activities, including the preparation for launching next-generation integrated solutions later this year [2]. This expansion aligns with the company’s mission to transform industrial efficiency and reliability through AI technology, contributing to Europe’s green and digital transitions [1][3].