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Flexciton company logo
SOFTWARE (NON-INTERNET/MOBILE) | Manufacturing, Warehousing & Industrial Software
flexciton.com

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Founded Year

2016

Stage

Series A | Alive

Total Raised

$23.92M

Last Raised

$20.68M | 3 mos ago

Mosaic Score

+10 points in the past 30 days

What is a Mosaic Score?
The Mosaic Score is an algorithm that measures the overall financial health and market potential of private companies.

About Flexciton

Flexciton uses data-driven optimization to reduce the operational costs of energy-intensive rotating equipment.

Flexciton Headquarter Location

24 Ingrave Street

London, England, SW11 2SA,

United Kingdom

Latest Flexciton News

Less excitable Flexciton gets more dosh to become ‘fab’

Oct 25, 2021

UKHotViews I ask no forgiveness if I am cynical about the overexcited claims in some startups’ PR. This I mostly put down to the exuberance of youth. Such was the case in early 2019 for London-based Flexciton, whose ‘AI-powered’ production planning and scheduling software promised “zero capital expense” and “benefits from day one” (see Excitable Flexciton schedules £2.5m funding round ). Well, I am delighted to say that Flexciton founders Jamie Potter (CEO) and Dennis Xenos (CTO) have toned down the hype (although they still want “to bring Flexciton optimization technology to every factory in the world to enable manufacturing to operate at a level never before possible”) but, more importantly, they’ve also found an urgent focus for their platform – semiconductor fabrication. Founded in 2016, Flexciton is now all about optimising the semiconductor wafer fabrication process. They claim efficiency gains of what seems to be only a modest 10%, but make the point that applying this improvement to 1,000 machines (not sure where that number comes from) “can save a factory tens of millions of dollars annually”. Anyway, Flexciton has raised a further £15m in a Series A round led by early backer Nadav Rosenberg (Saras Capital), along with BACKED VC Chalfen Ventures, and Entrepreneur First. The critical supply problems in the semiconductor industry are already causing slowdowns and stoppages in wider global manufacturing, so anything that can help mitigate the problem must be welcomed. But to me, 10% ‘leverage’ counts as incremental, whereas what the semiconductor industry really needs is a quantum leap.

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Flexciton Patents

Flexciton has filed 1 patent.

The 3 most popular patent topics include:

  • Manufacturing
  • Mathematical optimization
  • Operations research
patents chart

Application Date

Grant Date

Title

Related Topics

Status

9/14/2017

5/11/2021

Mathematical optimization, Production and manufacturing, Operations research, Manufacturing, Supply chain management

Grant

Application Date

9/14/2017

Grant Date

5/11/2021

Title

Related Topics

Mathematical optimization, Production and manufacturing, Operations research, Manufacturing, Supply chain management

Status

Grant

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