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Foresight Data Machines (FDM)
FDM pair AI with physics to solve process control problems in electric steelmaking.
- 1-20 employees
- B2B
- Artificial Intelligence
- Enterprise
- Sustainability
- Manufacturing
- Analytics
- London, UK
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Company mission
To accelerate the adoption of electric steelmaking by unlocking its technical and commercial advantages.
Our take
Steelmaking is an intricate process that involves numerous variables and the interactions between these variables are both complex and ever-changing. Traditional analysis methods often fail to fully grasp and understand these intricate relationships. Steelmaking is also a huge contributor to global emissions - between 8-10%.
Foresight Data Machines leverages the power of AI to unravel the complexities in steelmaking, increase efficiencies, and decrease emissions. Its ScrapChef software can comprehend the intricate relationships between variables and translate this knowledge into actionable recommendations for purchasing raw materials - saving steel plants money, and increasing circularity in the process, without compromising on quality.
While Foresight Data Machines is still a young company, its AI-driven recommendations offer a practical approach to enhancing steel production efficiency. By enabling the optimisation of energy and raw material utilisation while maximising the output yield and ensuring superior quality, it seems likely to provide a competitive edge for its customers that will be hard to pass up.
Kirsty
Company Specialist at Welcome to the Jungle
Benefits
- Competitive equity package
Funding (1 round)
May 2022
$3.2m
SEED
Total funding: $3.2m
Leadership
Thomas Kirk
(CEO)Graduated from the London Centre for Nanotechnology with a PhD in Theoretical Physics.