2 years ago

FourJaw Secures £1.8 Million to Expand IoT Platform for Manufacturers

  • FourJaw, a Sheffield-based IoT startup, has raised £1.8 million in funding, bringing its total funding to £4 million

  • The investment, led by NPIF – Mercia Equity Finance and Mercia’s EIS funds, will be used to accelerate product development, invest in technology and customer success teams, and create seven new jobs

  • FourJaw helps manufacturers optimize productivity and reduce energy use by providing real-time insights into machine performance and energy consumption.

      • ProblemIndustrial

      "Manufacturers struggle to optimize productivity and reduce energy use because they lack real-time insights into their machinery's performance. This leads to inefficiencies, wasted resources, and lower profits."

      Solution

      "FourJaw provides a platform that acts like a fitness tracker for machines, monitoring key performance indicators such as utilisation and energy usage. This data is then analyzed to provide actionable insights that help manufacturers identify and eliminate inefficiencies on the factory floor."

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