Funded Tech Companies
Productive Machines
Headquartered in Rotherham, Productive Machines has funding from UK Innovation & Science Seed Fund, AMRC Sheffield and Innovate UK.
Company Overview
Company Name
Productive Machines
Company Status
Private & Independent
Industry
Manufacturing
Funding Rounds
Total Funding
Contact Information
Mailing Address
Advanced Manufacturing Park, Technology Centre
Rotherham, S60 5WG
UK
Rotherham, S60 5WG
UK
Phone
Undisclosed
Website
Email Address
Company Background Information
Overview
Productive Machines enables machining companies to reach to the best part, faster and first time. By applying scientific methods such as simulations in machining processes, time it takes to produce parts can be reduced considerably, i.e. by 50% as published in an AMRC case study (https://bit.ly/3fxAbDQ ). However, many manufacturers don't have access to such simulation techniques and use an experimental trial and error approach instead. This cannot guarantee utilization of the full potential of the machine tools, results in in waste, inefficient use of resources and low OEE (Overall Equipment Effectiveness). Moreover, invaluable process data is wasted in the machining industry every second because most businesses don't have the capability to turn this data into value.
Last Transaction
4/24/2023
Financing History
Date
Type
Amount
Management Team
Company Investors
- UK Innovation & Science Seed Fund
- AMRC Sheffield
- Innovate UK
- Mercia Fund Management
- ACT Venture Partners
- Fuel Ventures
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