Productive Machines raises £1.3m led by Finance Yorkshire Seedcorn Fund

Rotherham-based Productive Machines has raised £1.3m, led by Finance Yorkshire Seedcorn Fund. It builds software that optimises CNC machining settings digitally before cutting. South Yorkshire Mayoral Combined Authority, ACT Venture Partners and Mercia Ventures also invested. The money will go on expansion into Europe and the US and a faster product rollout.