Flexciton, a London, UK-based provider of an AI driven solution for factories to optimize their production lines, raised £2.5m in funding.
The round was led by Backed VC, with participation from Join Capital and Entrepreneur First.
Led by CEO Jamie Potter and CTO Dennis Xenos, Flexciton offers a patented A.I. planning and scheduling web-application that interacts with real time data from manufacturing operations. Using algorithms, the software searches for the single best planning and scheduling solution to optimize what matters most to users including reducing cycle time, energy and maintenance costs, improving customer service levels, reducing scrap.
The company has customers in the automotive, food, textiles, and semiconductor sectors.