Machine Discovery – a software company that uses machine learning technology to accelerate compute-intensive optimization and simulation tasks – announced it has secured $6 million of funding. The funding round was led by BGF (one of the UK’s largest investors) and East Innovate along with Foresight WAE Technology Funds, UK Innovation and Science Seed Fund (UKI2S), independently managed by Future Planet Capital (Ventures) Ltd and Oxford Technology.
This latest funding round will enable the company to grow its engineering and business development teams in the UK and the USA, driving commercial adoption of its technology across the semiconductor design space and in other markets.
Machine Discovery was spun out of the University of Oxford by researchers in the physics department. Co-founder and CSO Muhammad Kasim invented the machine learning technology that underpins the company’s work. And co-founder and CTO Brett Larder developed the prototype of its Discovery Platform.
The other co-founders – including Professor Gianluca Gregori and Professor Sam Vinko – continue their contributions in an advisory capacity. The company is led by its CEO Bijan Kiani, and Non-Executive Chair Janet Collyer – who each have over 20 years of experience in the electronic design tools space.
KEY QUOTES:
“Machine Discovery is pioneering the use of machine learning to reduce product development cycles in a variety of sectors. “We thank our partners for their continued support at a key stage of the company’s development, enabling us to expand the number of users utilizing our Discovery Platform and drive forward the company’s future innovations.”
- Bijan Kiani, CEO of Machine Discovery
“With cutting-edge machine learning technology and a management team with deep industry expertise, we believe Machine Discovery is poised for rapid adoption and growth. Early customer results in analog semiconductor design have shown the potential of the technology to massively accelerate the time to develop new products, which will enable leading semiconductor players to differentiate themselves in the market.”
- Luke Rajah, investor at BGF
