Growth investment · Industrial tech
Productive Machines secures support for SenseNC rollout
The financing combines Finance Yorkshire-led support with a separately described Innovate UK loan.
Coverage reports £1.3m of support led by Finance Yorkshire, including a £450,000 South Yorkshire Mayoral Combined Authority investment, and separately a £1.1m Innovate UK loan.
Productive Machines plans to expand capacity and roll out SenseNC across Europe and the US. It also intends to launch additional products and reach new customers.
SenseNC is already being deployed to component makers, giving the expansion a customer and product base.
Use of funds
Expand capacity and the rollout of SenseNC across Europe and the United States
Bring new products to market and reach new customers globally
Funding history
Growth investment · This roundUndisclosed