* Ambitious early-stage software company developing machine learning technology to simplify, automate and accelerate highly complex simulation tasks by factors of 100k to over 2 billion
* Investment supports commercialisation of the company's Discovery Platform and team expansion
* In addition to Foresight and WAE, this funding round includes co-investors the
Spun out of the
Machine Discovery's Discovery Platform combines three key innovative technologies to dramatically speed up and reduce the cost of existing simulation workflows, enabling customers to make discoveries which were previously out of reach.
"It has been a pleasure working with the team at Machine Discovery as it continues to develop innovative machine learning technology. The technical and commercial experience in the management team, together with the opportunities in rapidly expanding markets such as engineering, suggest that Machine Discovery is poised for substantial future growth."
"Machine Discovery is revolutionising the way that the power of machine learning is harnessed by companies in a variety of sectors. Our partnership with Foresight comes at a vital stage of the company's development, and will enable us to take advantage of the substantial market opportunities available, accelerate our growth and drive efforts to commercialise our new Discovery Platform".
"Machine Discovery's technology promises a potential step change improvement in the speed of computer aided engineering simulation, analysis and optimisation. WAE's engineers build and simulate complex physical models as part of their workflows and are therefore ideally placed to support the application of Machine Discovery's technology in a commercially focussed engineering environment".
For more information contact:
Advisers to Machine Discovery:
Legal Advice:
Advisers to Foresight:
Legal Advice: Blears
EIS DD : Blears
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Senior Consultant
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