{"id":4744,"date":"2023-05-02T08:37:31","date_gmt":"2023-05-02T08:37:31","guid":{"rendered":"https:\/\/founderlodge.com\/latest-news\/?p=4744"},"modified":"2023-05-02T08:37:32","modified_gmt":"2023-05-02T08:37:32","slug":"productive-machines-raises-2-7m-seed-funding-to-revolutionize-machining-industry","status":"publish","type":"post","link":"https:\/\/founderlodge.com\/latest-news\/productive-machines-raises-2-7m-seed-funding-to-revolutionize-machining-industry\/","title":{"rendered":"Productive Machines Raises $2.7M Seed Funding to Revolutionize Machining Industry"},"content":{"rendered":"<div class=\"wp-block-image\">\n<figure class=\"alignleft size-full\"><img decoding=\"async\" width=\"200\" height=\"200\" src=\"https:\/\/founderlodge.com\/latest-news\/wp-content\/uploads\/2023\/05\/rjTjifq6USvy1re1682412372-1.png\" alt=\"\" class=\"wp-image-4745\" srcset=\"https:\/\/founderlodge.com\/latest-news\/wp-content\/uploads\/2023\/05\/rjTjifq6USvy1re1682412372-1.png 200w, https:\/\/founderlodge.com\/latest-news\/wp-content\/uploads\/2023\/05\/rjTjifq6USvy1re1682412372-1-150x150.png 150w\" sizes=\"(max-width: 200px) 100vw, 200px\" \/><\/figure><\/div>\n\n\n<p>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 &amp; Science Seed Fund. Boeing HorizonX was the first investor in the company.<\/p>\n\n\n\n<p>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.<\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><img decoding=\"async\" width=\"1024\" height=\"462\" src=\"https:\/\/founderlodge.com\/latest-news\/wp-content\/uploads\/2023\/05\/Screenshot-35-1024x462.png\" alt=\"Meet the team of Productive machines\" class=\"wp-image-4746\" srcset=\"https:\/\/founderlodge.com\/latest-news\/wp-content\/uploads\/2023\/05\/Screenshot-35-1024x462.png 1024w, https:\/\/founderlodge.com\/latest-news\/wp-content\/uploads\/2023\/05\/Screenshot-35-300x135.png 300w, https:\/\/founderlodge.com\/latest-news\/wp-content\/uploads\/2023\/05\/Screenshot-35-768x347.png 768w, https:\/\/founderlodge.com\/latest-news\/wp-content\/uploads\/2023\/05\/Screenshot-35-1536x694.png 1536w, https:\/\/founderlodge.com\/latest-news\/wp-content\/uploads\/2023\/05\/Screenshot-35.png 1871w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n\n\n\n<p>The company&#8217;s unique capability is that machine tools can learn from each other to optimize machining processes. <\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><img decoding=\"async\" width=\"1024\" height=\"462\" src=\"https:\/\/founderlodge.com\/latest-news\/wp-content\/uploads\/2023\/05\/Screenshot-36-1024x462.png\" alt=\"The process of productive machines\" class=\"wp-image-4747\" srcset=\"https:\/\/founderlodge.com\/latest-news\/wp-content\/uploads\/2023\/05\/Screenshot-36-1024x462.png 1024w, https:\/\/founderlodge.com\/latest-news\/wp-content\/uploads\/2023\/05\/Screenshot-36-300x135.png 300w, https:\/\/founderlodge.com\/latest-news\/wp-content\/uploads\/2023\/05\/Screenshot-36-768x346.png 768w, https:\/\/founderlodge.com\/latest-news\/wp-content\/uploads\/2023\/05\/Screenshot-36-1536x692.png 1536w, https:\/\/founderlodge.com\/latest-news\/wp-content\/uploads\/2023\/05\/Screenshot-36.png 1870w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n\n\n\n<p>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: <a href=\"https:\/\/founderlodge.com\/round\/Productive-Machines-raises-2743000-Seed-2023-04-25-Erdem-Ozturk-MTI0MTk\">https:\/\/founderlodge.com\/round\/Productive-Machines-raises-2743000-Seed-2023-04-25-Erdem-Ozturk-MTI0MTk<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>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 &amp; Science Seed Fund. Boeing HorizonX was the first investor in the [&hellip;]<\/p>\n","protected":false},"author":3,"featured_media":4748,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"inline_featured_image":false,"_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"","_genesis_layout":""},"categories":[2],"tags":[553,748,746,18],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v20.2.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Productive Machines Raises $2.7M Seed Funding to Revolutionize Machining Industry - Founder Lodge Latest News<\/title>\n<meta name=\"description\" content=\"Productive Machines, a spin-out company from the Advanced Manufacturing Research Centre at the University of Sheffield, has raised $2.7 million in seed\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/founderlodge.com\/latest-news\/productive-machines-raises-2-7m-seed-funding-to-revolutionize-machining-industry\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Productive Machines Raises $2.7M Seed Funding to Revolutionize Machining Industry - 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