Machines at Work Limited announced it has raised its first external investment with the Sievwright Investment Entity. The funds will be used to accelerate development of the company’s core technology which enables the autonomous operation of existing machinery — helping address some of the biggest challenges faced by the horticulture sector today.
“Machines at Work is developing the world’s most adoptable automation solutions for horticulture,” said co-founder Sean Walters. “The pandemic has highlighted an urgent set of challenges in the sector which require practical and scalable solutions. The next 12 months is about taking our prototype technology through to being market ready and growing our customer pipeline, so we are in a sound position to scale in 2023.”
“The approach Machines at Work takes to solving underlying customer problems is really what drew us in,” said Michael Sievwright, chair of the Machines at Work board. “The funding will enable the team to bring product to market, and we’ll be looking to support this with our global experience manufacturing for export, and machinery sales and service.”
The deal sees the Sievwright Investment Entity take a 32% stake in Machines at Work, with the option to increase the investment in the future.