Productive Machines raises £2.2m seed funding

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Artificial intelligence technology developed by Productive Machines to optimise machine tool processes – and increase the lifespan of cutting tools – has attracted £2.2m in seed funding.

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Productive Machines, an AI startup from The University of Sheffield Advanced Manufacturing Research Centre (AMRC), said the funding will help make its optimisation technology available to a 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.

Productive Machines will use the funding to deliver its AI technology as a fully-automated Software-as-a-Service (SaaS) product and expand its team of eight to over 20.

Founded by CEO Dr Erdem Ozturk and CTO Dr Huseyin Celikag, Productive Machines is commercialising the results of a six-year AMRC research project on machining dynamics. This research covered process and machine tool interactions, including how cutting forces and resulting vibrations affect machine tool performance.

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Artificial intelligence