Glimstedt has advised the Iron Wolf Capital venture capital fund on its investment of EUR 570,000 in UAB Sprana, a manufacturer of industrial spectroscopes.
Sprana is engaged in applying spectroscopy to carry out the analysis of industrial processes. The company’s activities involve the design and development of spectroscopic analytical instruments and calibration methods targeted at the analysis of industrial processes observed on production lines and the ongoing research in this field.
“The capacity to efficiently collect data remains one of the key conditions in the revolution of artificial intelligence," said Kasparas Jurgelionis, a partner at Iron Wolf Capital. "This particular industry is no exception as technologies developed by Sprana allow real-time collection and analysis of key production parameters leading to product quality improvement, process safety assurance and cost reduction."
The Glimstedt team consisted of Partner Andrius Ivanauskas and Junior Associate Simona Butkute.
