Lift Global Ventures (AQSE:LFT) has acquired a stake in FourJaw Manufacturing Analytics, a UK-based industrial artificial intelligence company that applies machine learning to factory productivity, in a deal the company describes as central to its applied AI investment strategy.
FourJaw, a spinout from the University of Sheffield's Advanced Manufacturing Research Centre, has developed a machine-monitoring platform used by more than 150 manufacturers across the UK and internationally, targeting productivity losses driven by rising energy costs, labour shortages and operational inefficiency.
The investment is framed as a further step in Lift's strategy of building what it calls a global centre for applied AI innovation, developed alongside Yorkshire AI Labs LLP.
Non-Executive Director Mark Horrocks said FourJaw "sits exactly where Lift wants to invest: at the intersection of artificial intelligence and real-world industry," adding that the business is "exceptionally well positioned for growth."
