British machine monitoring startup FourJaw raises £1.8m for continued growth

FourJaw has developed a platform that acts as a fitness tracker for machines, monitoring ‘vital signs’ such as machine utilisation and energy usage. It then turns the data into actionable insight that enables manufacturers to remove inefficiencies from the factory floor. Here are details of FourJaw’s latest funding round :

🚀 Launch

2020

🏭 Industry

Machine monitoring

🧠Management

Chris Iveson (CEO & Co-founder), Robin Hartley-Willows (CTO & Co-founder), Olivier Pogmore (Head of Sales), James Brook (Head of Marketing & Communications), Chris Parkin (Head of Customer Success), Drew McLaughlin (Head of Engineering)

💸 Funding & Investors

INVESTMENT (October 2023)£1.8 million
INVESTORSNPIF – Mercia Equity Finance
PREVIOUS FUNDING£1 million from SFC and Innovate UK (April 2022)
TOTAL FUNDINGalmost £4 million

🎯 Funding purpose

Team growth; Product development; Sales

🌐 Country HQ

UK (Sheffield)

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