Company: FourJaw Manufacturing Analytics
Founders: Chris Iveson and Robin Hartley-Willows
Website: https://fourjaw.com/
About FourJaw Manufacturing Analytics
Founded in 2020 as a spinout from the University of Sheffield’s Advanced Manufacturing Research Centre, FourJaw is a UK-based analytics company empowering manufacturers of all sizes to meet the three key challenges facing them today.
FourJaw has developed a plug-and-play machine monitoring platform that acts as a fitness tracker for machines. It monitors vital signs such as machine utilisation and energy usage, and combines this data with operator feedback to generate insights that inform decisions and help manufacturers enhance productivity, reduce energy usage and improve profitability.
Unlike traditional monitoring systems, which are usually costly to set up and have to be hardwired into each machine, manufacturers can install FourJaw’s technology on any machine in minutes. This ease of installation, combined with FourJaw’s per-machine SaaS model, makes the technology accessible to manufacturers of all sizes.
This flexibility and accessibility, combined with the dedication of the FourJaw team and growing demand from manufacturers for smart technologies, has seen FourJaw’s customer base more than double in 2023.
120 manufacturers worldwide now use FourJaw’s platform, in sectors ranging from aerospace and automotive to energy and food production.
When manufacturers proactively use FourJaw’s technology, they can achieve productivity gains of anywhere between 10-20% which can increase output capacity by as much as 30%. Some have achieved savings that deliver a complete return on their investment in FourJaw within a month of installation.
FourJaw’s customers are served by a growing team that now numbers 26 people. The company has created 12 new roles in 2023, based primarily at its headquarters in Sheffield, and its workforce includes military veterans and multiple graduates starting their careers in the tech sector.
In October 2023, FourJaw bucked the gloomy investment outlook by raising a £1.8 million Seed funding round. The funding is enabling FourJaw to enhance its technology and accelerate its vision to maximise manufacturing productivity across the globe, to help elevate lives, communities and society.
FourJaw investors include British Business Bank, Northern Powerhouse Investment Fund, Mercia Ventures and SFC Capital.
Chris Borrett, Investment Director at Mercia Ventures, said: “Manufacturing is an enormous industry that is undergoing massive digitisation. Until now individual machine data across the entire assembly line has been prohibitively expensive and cumbersome to install. FourJaw is changing the game, providing the data, the platform and the intelligence required for manufacturers from all sizes and sectors to radically evolve their operations.”
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