Parkwalk Advisors’ Post

🚨 Funding round announcement 🚨 Delighted to announce our investment into DeepForm as part of a £2m funding round, alongside Cambridge Enterprise.   Spun-out of the University of Cambridge, DeepForm’s novel solution can reduce material waste in car manufacturing by over 75%, as well as helping manufacturers reduce CO2 emissions. DeepForm’s solution uses novel 3-D gripping technology and has already been used in carbon reduction studies with six OEMs, reducing trimming scrap by almost 40% in some cases!   Moray Wright, Chief Executive at Parkwalk Advisors, said: “Automobile manufacturers around the world have committed to reach net zero both from tailpipe emissions and manufacturing. DeepForm’s technology has the potential to reduce wastage and emissions from vehicle production, and has wide ranging commercial applications. We are thrilled to have led DeepForm’s first funding round – a great testament of our commitment to help fund revolutionary ideas from UK universities.”   Read the full press release here: https://lnkd.in/eaQr_xrH   Chris Cleaver DeepForm   #InvestinginInnovation #automotiveindustry #materialefficiency

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Owen Thompson

CEO & Co-Founder @ Cambridge Future Tech

5mo

This is such great news, well done Chris Cleaver & the DeepForm team - long time coming! Hard work pays off.

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