Alistair Fulton, a veteran executive in industrial technology, has been appointed Venture Partner at Momenta. In his new role, Fulton will focus on portfolio value creation, go-to-market execution, and scaling industrial innovations. This strategic appointment reinforces Momenta's Industrial Impact® thesis, which backs companies digitizing the physical world.
A Career Defined by Scaling Technology
Fulton’s career is marked by his unique ability to drive growth across the entire industrial digital stack. His expertise ranges from silicon and embedded systems to complex software platforms and data analytics. This skill set has allowed him to consistently bridge the gap between deep technology and commercial success.
At Microsoft, he was instrumental in launching and expanding Azure IoT, establishing a major enterprise presence. Later at Hitachi, he led commercialization for the Lumada Industrial IoT platform, building its ecosystem for rapid adoption. His leadership at Semtech was also pivotal in scaling the LoRaWAN ecosystem into a global networking standard.
More recently at Blues Wireless, Fulton built and scaled global go-to-market strategies, making secure IoT infrastructure more accessible. A consistent theme in his career is translating platform innovation into durable, revenue-generating businesses. This track record proves his ability to turn technological potential into market reality and widespread adoption.
Strategic Focus on Portfolio Growth
As a Venture Partner, Fulton will work closely with Momenta’s portfolio companies to guide them from promise to production. His primary objective is to accelerate their execution and help them navigate complex industrial markets. This hands-on approach is central to Momenta's strategy of providing more than just capital to its partners.
His duties include crafting effective go-to-market strategies and building scalable partner ecosystems for new digital offerings. He will also focus on turning IoT and AI capabilities into sustainable engines for industrial growth. Fulton will guide leadership teams through adoption, from initial pilots to large-scale deployments.
Jerry O’Gorman, a Partner at Momenta, praised the appointment's value for the firm's portfolio. "Alistair brings a rare ability to bridge technology and execution," O'Gorman stated. "He understands what it takes to move from product potential to market reality, which is where our portfolio companies create the most value."
A Shared Vision for Industrial Impact
Fulton’s move to Momenta is rooted in a long-standing relationship and a shared vision with the firm's leadership. Having previously served as an LP sponsor for an early Momenta fund, he has witnessed the firm's unique focus on creating industrial impact. This history provides a strong foundation for his new role in driving portfolio success.
Fulton emphasized the challenge of bridging the physical and digital worlds to achieve meaningful outcomes. He believes technologies harnessing AI and data are crucial for helping industrial organizations deliver more value with fewer resources. This perspective aligns with Momenta's mission to build a more resilient and sustainable world through innovation.
"Real growth happens when you empower founders... to turn bold ideas into practical outcomes," Fulton commented. He expressed excitement to apply his experience to help Momenta's portfolio companies scale effectively. His goal is to assist these innovators in moving from promising ideas to becoming category-defining companies.
Alistair Fulton's appointment significantly strengthens Momenta's operational expertise and its ability to support industrial innovators. His background in scaling technologies from concept to global market leadership will be an invaluable asset for the firm's portfolio companies. This move reinforces Momenta's position as a premier venture firm dedicated to fostering tangible industrial impact.