£500,000 boost for tech start-up’s global expansion
Register for free to receive latest news stories direct to your inboxRegister
Manchester-based Industry 4.0 technology start-up, SamsonVT, has tripled its headcount over the last year as it gears up for international expansion – with the help of funding from Innovate UK.
The business has developed a suite of products and services that is enabling manufacturers to embrace Industry 4.0 technology.
This includes SamsonCORE, which is replacing product manuals with 3D models hosted on an interactive digital platform, and SamsonBASE, an AI empowered predictive maintenance and condition monitoring solution.
SamsonVT is already working with a raft of innovative companies in the manufacturing and automotive space, including JCB, Snap-On and RS Components.
Since its inception in 2017, the start-up has grown rapidly.
Previously a consultant, business analyst Matt Doran has recently been brought in as a permanent team member, marking the company’s eighteenth hire.
Over the next twelve months, SamsonVT plans to double current headcount, to support its international expansion.
The company’s rapid growth has been supported by Innovate UK, which has provided a £500,000 grant to develop SamsonBASE.
SamsonVT is now looking to increase its global presence and is already working with international companies such as Japanese machine tool builder, Mazak, and participating in global industry events – most recently, leading Japanese manufacturing event, UKinJapan
Sam Burgess, CEO of SamsonVT, said: “The company has grown substantially in the past year, despite the challenges of the pandemic.
“It’s clear that there’s a real appetite in the industry for intelligent solutions which enable companies to increase efficiency and make cost savings, and SamsonVT has scaled to meet this demand.
“Funding and the growth of our team will allow us to further expand our overseas operations and build the reputation of North West manufacturing tech in new markets.”