Productive Machines, an artificial intelligence (AI) startup from The University of Sheffield Advanced Manufacturing Research Centre (AMRC), announced today that it has raised £2.2m in Seed funding to make its advanced machine tool process optimisation technology available to a far wider range of manufacturers worldwide.
UK Innovation & Science Seed Fund (UKI2S) led the round with participation from NPIF – Mercia Equity Finance, which is managed by Mercia and part of the Northern Powerhouse Investment Fund*, ACT Venture Partners and Fuel Ventures, alongside grant funding from Innovate UK. Alexander Leigh, Investment Director for UKI2S and Future Planet Capital Group, said:…
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