Productive Machines

Reach the best part, faster, first time

General Information
Company Name
Productive Machines
Founded Year
2019
Location (Offices)
United States +1
Founders / Decision Makers
Number of Employees
21
Industries
AI, Automation, Internet +3
Funding Stage
Seed
Social Media

Productive Machines - Company Profile

Productive Machines, founded in 2019, is a disruptive force in the AI, automation, internet, manufacturing, space, and automotive industries. Its slogan, "Reach the best part, faster, first time," encapsulates its mission to revolutionize the machining process. The company's innovative approach revolves around leveraging scientific methods, particularly simulations, to dramatically reduce production times by up to 50%, as indicated in an AMRC case study (https://bit.ly/3fxAbDQ). With a digital twin-based learning platform comprising three interconnected modules, Productive Machines empowers manufacturers to optimize machining processes. The learning system imparts crucial knowledge, while the process planning tool, integrated into Siemens NX, anticipates and mitigates potential issues. Meanwhile, the process monitoring and control tool dynamically adjusts parameters in response to anomalies, thereby enhancing productivity and curbing waste. Additionally, the software enables machine tools to learn from one another, further optimizing operations. As a spin-out from the Advanced Manufacturing Research Centre at the University of Sheffield, Productive Machines has garnered attention from prominent investors. In its latest investment round, the company secured a notable £2.20MSeed Round investment on 23 February 2023. The investment was backed by a consortium of esteemed investors, including Fuel Ventures, UK Innovation & Science Seed Fund, Future Planet Capital, ACT Venture Partners, and NPIF – Mercia Equity Finance. With its pioneering technology and strong investor backing, Productive Machines is poised to make significant strides in the manufacturing and automation sectors.

Taxonomy: Advanced Manufacturing, Machining Processes, Digital Twin Technology, Process Optimization, CAM Software Integration, Simulation Techniques, Machine Learning in Manufacturing, Investment from Boeing HorizonX, Metal Cutting Technology, Industrial Automation, Process Monitoring and Control, AMRC Spin-out, Productivity Enhancement, Tool Wear Optimization

Funding Rounds & Investors of Productive Machines (4)

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Funding Stage Amount No. Investors Investors Date
Seed Round £2.20M 5 NPIF – Mercia Equity Finance 23 Feb 2023
Grant Unknown 1 23 Feb 2023
Seed Round Unknown 1 01 Jan 2022
Pre Seed Round £100.00K 1 Boeing HorizonX Ventures 14 Feb 2021

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