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Momenta EDGE

Momenta Edge Podcast

Deeper explorations into Connected Industry and beyond

Welcome to the Momenta Edge podcast series, which feature leading practitioners and thinkers across Connected Industry, Digital Transformation (DX) and the digital technology landscape.  The podcast format allows for more free-form and in-depth explorations of topics of interest, and we’re targeting guests that provide unique perspectives and practical experience on connected industries and technologies, and relevant adjacencies. Keep an eye out for our upcoming guests.  We welcome any comments, feedback or show suggestions – please send to edge@momenta.partners.

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Ed Maguire
Insights Partner: New York
Ed_Maguire_new.jpg
Ed Maguire
Insights Partner: New York
Ed brings more than 17 years of Wall Street experience in equity research and investment banking to Momenta, with deep domain expertise in enterprise software.  He has proven success identifying strategic opportunities and articulating actionable insights based on rigorous analysis of technology, operations, competition and markets.  Most recently he was senior analyst and managing director at CLSA Americas covering the software industry, technology and innovation.

Posted by Ken Forster - Managing Director on November 14, 2018

ANNOUNCEMENT: Momenta Partners Invests in IIoT Cybersecurity Solution Xage

News Ventures

Momenta Partners is pleased to announce our investment in Xage, the first and only blockchain-protected security platform for the Industrial Internet of Things. Xage secures and simplifies device management at the Industrial Edge, enabling machine-to-machine and human-machine authentication, secure data sharing, device lifecycle management, and autonomous operation.

In investing in Xage, Momenta Partners is proud to join a stellar investment syndicate including March Capital (lead investor), GE Ventures, Nexstar and Impact Ventures.

Founded in 2016, Xage has developed a blockchain-protected security platform for the IIoT. Its first release was a foundational security fabric, distributing identity and authentication for industrial operations to the edge of the network. The company recently released a systemic, tamper-proofing technology, using digital fingerprinting, to extend the scope of its solution across industrial controllers and devices. With the increasing frequency and consequence of cyberattacks on mission critical systems, the impetus to protect industrial organizations and national infrastructure is greater than ever.

Posted by Jesse DeMesa - Partner on November 13, 2018

Jim Fletcher Inducted Into The Computer Science Alumni Hall of Fame at North Carolina State University

News Advisory

We're delighted to announce that our Strategy Partner Jim Fletcher has been inducted into the Computer Science Alumni Hall of Fame at North Carolina State University. 

Posted by Alberto Cresto - Venture Associate on November 9, 2018

Portfolio Insights: Litmus Automation - Real Time Production Monitoring: A Manufacturing IIoT Use Case

Insights Ventures

At Momenta, we bring a unique combination of experience to help founders and management teams meet the challenges of building and sustaining start-ups, and enabling companies to realize their full potential. We're proud of our portfolio companies and in the coming months we will be featuring the insights and experiences of a portfolio company. It's a great opportunity to share their first hand knowledge with the Momenta Community. 

This guest post is written by John Younes, co-founder and COO of Litmus Automation. Litmus was founded in 2014 and since then has made incredible strides in the Industrial IoT industry, recently being named a Gartner Cool Vendor in their May 2018 IoT Platforms report and rated as a leading vendor in MachNation’s 2018 IoT Edge ScoreCard. Litmus Automation’s offerings, LoopEdge and Loop, work seamlessly together to allow companies to access and exploit data previously trapped within enterprise hardware, no matter where or when it was deployed. Litmus Automation focuses on the Industrial and Automotive industries, and counts Fortune 500 companies as clients and partners including Nissan, Renault, HPE and Intel.

Posted by Ed Maguire - Insights Partner on November 8, 2018

Insight Vector: Reimagining the Database for the Machine Era, Christian Lutz - Crate.io

Insights Ventures

In this interview, we talk to Crate.io, a Momenta ventures portfolio company. Their core product CrateDB is a SQL database for managing machine data and analyzing it in real time. It has the versatility and scalability to handle the variety, velocity and volume of machine data–millions of structured and unstructured data points or log entries per second. Its use cases include smart factories and manufacturing, smart cities applications, geospatial tracking, and cybersecurity. We discuss the genesis of the company, the challenges of entering the database market as a young company, and the customer opportunities in the machine data era. 

Posted by Ed Maguire - Insights Partner on November 7, 2018

Momenta Edge Podcast #34: Leveraging Aerial Intelligence – A Conversation with George Mathew

Podcasts Insights

George Mathew is the CEO and Chairman of Kespry, a provider of Aerial Intelligence solutions for heavy industry – construction, mining, paper and pulp, and insurance. Kespry’s custom built drones capture visual information from the air, helping its clients create digital twins to improve performance, visibility and reduce risk. Our conversation focused more on the company than we do typically, as Kespry is a proxy for the use of drones in industrial IoT. The discussion covered some of the challenges, opportunities and successes from the collection of high resolution visual imagery and application of AI-enhanced analytics as well as the broad opportunities ahead. Noteworthy startups highlighted include Uptake Software, C3IOT, and Cape Analytics.

Posted by Ken Forster - Managing Director on November 6, 2018

Momenta Partners Welcomes Lee Carter as Venture Principal, Seattle

News Advisory

Momenta is pleased to announce the appointment of Lee Carter, as a Principal in our Ventures team. Lee is a venture and startup professional with experience investing in remote connectivity, distributed energy, mobile payments, and blockchain technology. 

He is the founder of Elysian Ventures, who help blockchain projects accelerate community development through smart incentive design and building Ecosystem Funds. He was most recently Principal at Reflective Ventures where he was responsible for full-lifecycle investing in early stage blockchain companies. 

Lee was formerly the Director of Finance & HR at Geli, a Momenta Partners portfolio company providing software and business solutions to design, automate, and manage energy storage systems. Geli’s suite of products creates an ecosystem where project developers, OEMs, financiers, and project operators can deploy advanced energy projects using a seamless hardware-agnostic software platform. 

Prior to that Lee was Lead Financial Analyst at Invested Development, a venture fund investing in decentralized energy and remote connectivity in emerging markets. Having experienced both sides of the table, Lee has a unique view on planning for the financial success of early stage technology companies.

Ken Forster, Managing Direct of Momenta Partners states: "Lee brings deep Connected Industry and venture investment experience, coupled with robust operations expertise to which well-suits our advisory, intelligence, talent and ventures practices. We are pleased to have him join our team."

According to Lee: "Momenta provides a unique opportunity to work with a experienced Connected Industry team that can not only make smart investing decisions but add significant value to the companies we invest in through our Advisory, Intelligence and Talent practices.”

Lee has a B.A. in Mathematical Economics from Colorado College, and enjoys backcountry skiing, hiking, Virginia sports and Ultimate Frisbee.