Productive Machines

Assembly Line

Good vibrations as Productive Machines raises £2.2 million for machine tool AI

📅 Date:

🔖 Topics: Funding Event

🏢 Organizations: Productive Machines, University of Sheffield

Sheffield-based Productive Machines, an AI start-up has raised £2.2 million in Seed funding to expand the reach of its advanced machine tool process optimisation technology. A spin out of The University of Sheffield, Productive Machines is commercialising its The University of Sheffield Advanced Manufacturing Research Centre (AMRC) six-year research project to a fully-automated Software-as-a-Service (SaaS) product.

The round was led by UK Innovation & Science Seed Fund (UKI2S)and includes NPIF – Mercia Equity Finance, ACT Venture Partners and Fuel Ventures, alongside grant funding from Innovate UK.

Read more at Tech EU