FourJaw Manufacturing Analytics raises a six figure pre seed investment from a syndicate of angels and SFC Capital to develop its manufacturing analytics platform.
The funding values the Sheffield based manufacturing technology spin out at £2m.
FourJaw provides machine monitoring software that helps manufacturers track utilisation, reduce energy consumption and improve productivity. Its platform installs quickly and serves clients across sectors from aerospace to food production.
FourJaw Manufacturing Analytics has secured a six figure pre seed investment from a syndicate of angel investors and venture capital firm SFC Capital, valuing the company at £2m. The funding will support the development of its cloud based data capture and analysis technology for British manufacturers. The round follows a recent grant award and brings backing from a total of twelve angel investors alongside NorthInvest.
From the founder
"We could not have asked for a better start; this six-figure investment puts us on track to refine and develop our technology in time for the launch of our next product in the spring – a plug and play device that unlocks step changes in productivity for British manufacturers, supporting a rapid post-Covid recovery and keeping the UK’s exporters truly competitive in the global marketplace."
Robin Hartley
Co-founder at FourJaw Manufacturing Analytics
Investor perspective
"This investment shows our confidence in the game changing technology that FourJaw has developed. Much of UK manufacturing is tired with the hype surrounding Industry 4.0. But FourJaw have created a data-driven, productivity booster that is simple to install, easy to use and affordable to run. It is a technology right for its time, driving a manufacturing renaissance for post-Brexit and post-Covid Britain where productivity and competitiveness will be essential."
Edward Stevenson
Investment Executive, SFC Capital
Use of funds
- 01Continue product development
- 02Fund research and development
Investors
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About the company
FourJaw Manufacturing Analytics
FourJaw provides machine monitoring technology that helps manufacturers track productivity and energy use.