Machine Discovery secures £4.5m from BGF and East Innovate to expand engineering and business teams.
The investment round was led by BGF and East Innovate to drive commercial adoption of the company simulation platform.
Machine Discovery builds software that uses machine learning to accelerate compute-intensive simulations and optimisation tasks. Its platform helps reduce product development cycles across sectors such as semiconductor design.
Oxford-based software developer Machine Discovery has secured £4.5m in a funding round led by BGF and East Innovate. The capital will be deployed to expand the company's engineering and business development teams in both the UK and the United States, supporting the commercial rollout of its simulation technology.
The round also drew participation from Foresight WAE Technology Funds, the UK Innovation and Science Seed Fund, and Oxford Technology. Machine Discovery applies machine learning to speed up resource-intensive computations, with initial commercial focus on analog semiconductor design.
From the founder
"Machine Discovery is pioneering the use of machine learning to reduce product development cycles in a variety of sectors."
Bijan Kiani
CEO at Machine Discovery
Investor perspective
"With cutting-edge machine learning technology and a management team with deep industry expertise, we believe Machine Discovery is poised for rapid adoption and growth. Early customer results in analog semiconductor design have shown the potential of the technology to massively accelerate the time to develop new products, which will enable leading semiconductor players to differentiate themselves in the market."
Luke Rajah
Partner, BGF
Use of funds
- 01Grow the team
- 02Accelerate go-to-market
Investors
Luke Rajah
BGF
Rory Scott Russell
East Innovate
Christopher Wiles
Foresight WAE Technology Funds
Jason Joannou
UK Innovation and Science Seed Fund
Lucius Cary
Oxford Technology
Categories
About the company
Machine Discovery
Machine Discovery develops machine learning technology to accelerate complex simulations and product design.