In what it describes as “a major commercial breakthrough,” Monumo has announced that its AI technology has passed a critical tipping point by successfully delivering superior, low-cost electric motor designs for multiple international clients, including top automotive players.
The company’s Anser multi-physics optimization engine can create large numbers of detailed motor designs that have been optimized at a system level, within a few days. In one project, the technology evaluated three million designs in three days. In another project, the Anser engine reportedly enabled a 17% reduction in a customer’s bill of materials compared with the original electric motor design, potentially saving up to €70 (US$81) per motor.
“A year ago, we were proving the commercial viability of our technology,” said Dominic Vergine, CEO and co-founder of Monumo. “Today, we are delivering quantifiable value and a clear ROI, with one contract moving from a pilot to a multimillion dollar, multi-year engagement in just 10 months. What started with electric motors for EVs is quickly expanding to other industries like energy generation, white goods, aerospace and additive manufacturing. This success proves the breadth and power of our Anser engine technology.
“We’ve achieved product-market fit well ahead of schedule, our first two major customers have both expressed an interest in investing at the next round, and we are now in active discussions with venture capital funds that recognize the immense value and scalability of our technology.”
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