Productive Machines, a spin-out company from the Advanced Manufacturing Research Centre at the University of Sheffield, has raised $2.7 million in seed funding. The investment was led by Fuel Ventures, Mercia Asset Management PLC, ACT Venture Partners, Innovate UK, and the UK Innovation & Science Seed Fund. Boeing HorizonX was the first investor in the company.

Productive Machines offers a digital twin-based learning platform that enables machining companies to optimize their processes and reduce the time it takes to produce parts. The platform includes a learning system, process planning tool, and process monitoring and control tool that are integrated with existing CAM software. The system uses scientific methods such as simulations to identify potential problems in advance and optimize the process, resulting in increased productivity and reduced waste.

The company's unique capability is that machine tools can learn from each other to optimize machining processes.

With this funding, Productive Machines plans to expand its platform and increase its customer base in the machining industry. Visit us for more information about their latest funding round: https://founderlodge.com/round/Productive-Machines-raises-2743000-Seed-2023-04-25-Erdem-Ozturk-MTI0MTk