Productive Machines, a startup based in Yorkshire, has received a £510,000 investment from Digital Catapult in order to expand their milling software and bring more manufacturing work back to the UK. This investment will allow Productive Machines to scale their customer base for their autonomous milling optimisation platform, SenseNC.
SenseNC is a software that simulates and refines machine settings before production begins, reducing trial-and-error methods and ultimately cutting waste, lowering costs, and improving output for manufacturers. The software has already been successful in working with aerospace supplier AML, reshoring production of two components to the UK. Productive Machines has also formed partnerships with FICEP UK and the Advanced Manufacturing Innovation Centre in Belfast.
The SenseNC Feeds product is listed on the Siemens Xcelerator Marketplace at £1,250, making it accessible to manufacturers of all sizes. This allows smaller manufacturers to benefit from the cost-saving and efficiency-improving software.
Erdem Ozturk, chief executive and co-founder of Productive Machines, expressed his excitement for the investment and how it will allow the company to expand in the UK and Europe, as well as pursue new opportunities in the US.
Susan Bowen, chief executive of Digital Catapult, also commented on the investment, stating that the organisation is looking forward to working with Productive Machines to strengthen the UK supply chain and increase competitiveness in manufacturing.
This investment was made as a convertible loan note, through a programme that allows Catapults to directly support companies they work with. This shows the commitment of Digital Catapult to support and invest in innovative companies like Productive Machines, in order to drive growth and success in the UK manufacturing industry.
Derick is an experienced reporter having held multiple senior roles for large publishers across Europe. Specialist subjects include small business and financial emerging markets.