Productive Machines, a Sheffield, UK-based AI startup from the University of Sheffield Advanced Manufacturing Research Centre (AMRC), raised £2.2 million in seed funding to make its advanced machine tool process optimization technology available to a far wider range of manufacturers worldwide.
The round was led by UK Innovation & Science Seed Fund (UKI2S), with participation from NPIF–Mercia Equity Finance, ACT Venture Partners, and Fuel Ventures, alongside grant funding from Innovate UK.
The funds will be used to deliver its AI technology as a fully-automated Software-as-a-Service (SaaS) product and expand its team of eight to over 20.
Dr. Erdem Ozturk, CEO of Productive Machines, comments: “Manufacturers want to reduce costs, improve quality, and cut carbon emissions. But most don’t want to buy complex software products or hire PhD-level engineers to make them work. We are meeting all of their goals. The results of our research and innovation are proven with major manufacturers, and this investment enables us to make the significant benefits more accessible to manufacturers of all sizes, anywhere in the world.
“There are three million machines in the world that would be more accurate, productive and sustainable with our AI, and we are removing the cost and skill barriers to its adoption.”
Productive Machines has developed a computational model to predict and mitigate the influence of these vibrations at every stage in metal and composite milling jobs. It uses a digital twin to determine the best parameters for each machine tool and production run, which eliminates configuration experiments.
To date, the technology has been deployed by 10 manufacturers, including Renault and MASA Aerospace.
Company: Productive Machines Ltd.
Round: Seed Round
Funding Month: April 2023
Lead Investors: UK Innovation & Science Seed Fund (UKI2S)
Additional Investors: NPIF Mercia Equity Finance, ACT Venture Partners, and Fuel Ventures
Company Website: https://productivemachines.co.uk/
Software Category: Digital Twin-Based Learning Platform
About the Company: Founded by Dr. Erdem Ozturk and Dr. Huseyin Celikag, Productive Machines is an AI startup that provides a learning platform designed to maximize the sustainability of machining processes. The company’s learning platform is a digital twin based that is composed of three modules, namely, learning system, process planning, and process monitoring and control tool. The learning system includes key information such as tools, workpieces, and process knowledge. Productive Machines platform provides computer-aided analysis, computer-aided engineering, and process control systems by reducing costs, eliminating waste, and improving productivity, enabling clients to solve problems at the design stage and minimize the scrap parts and energy consumed by producing them.