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Technology company Factor AI receives funding to support AI development

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BusinessTech’s company Factor AI has been awarded funding to support further product development of artificial intelligence (AI) -enabled real-time sensors. It aims to make the compounded products industry more sustainable.

Sunday, November 22, 2020 11:50 am

Factor AI Dr. Jujar Singh Panesar (left) and Dr. Andrea DeSantis.

Formulations include shampoos, moisturizers, and toothpastes, which are made up of at least two ingredients.

Leeds-based Factor AI incorporates AI-enabled sensors into its compounding factories, allowing manufacturers to combine real-time data capabilities with artificial intelligence to accelerate innovation and reduce waste. Funded by the InnovateUKs SBRI Sustainable Innovation Fund, FactorAI will help the compounding product industry develop proof-of-concept solutions to enable products to be manufactured in a sustainable manner.

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The project was founded by Dr. Jujar Singh Panesar and Dr. Andrea De Santis.

Dr. Shin said: Most of these products are manufactured in batches on industrial mixers. The material is either pumped or poured into a mixer. They are then mixed and combined to form the finished product.

In this project, we will develop a solution to retrofit an innovative sensor inside an industrial mixer and thereby digitize it. Sensors output real-time quality data during manufacturing of compounded products and use artificial intelligence to increase industry sustainability, reduce manufacturing time, identify problematic ingredients, and bring the industry to a higher level Enables you to achieve compliance, traceability, and sustainability.

Factor AI is part of Leeds’ NatWest Accelerator program. Accelerator’s fully digitized proposal was developed and launched following the outbreak of Covid-19 earlier this year, including workshops, mentoring, and other resources offered through an online portal.

Dr. De Santis said: NatWest Accelerator benefits from a great startup ecosystem that is directly linked to the success of the Innovate UKSBRI project.

We are working with Just Lovett Design, a fellow Nat West Accelerator. It supplies Factor AI with precision laser manufacturing components for test rigs that form part of the proof-of-concept study of the InnovateUK SBRI Sustainable Innovation project.

Being part of the NatWest Accelerator and working with multinational compounding companies and Just Lovett Design is an important driver of Factor AI’s growth.

Nick McCafferty, NatWest’s Entrepreneur Acceleration Manager, added: Congratulations to Factor AI for receiving the award from the InnovateUKSBRI Sustainable Innovation Fund. This will allow tech companies to develop more innovative products. FactorAI is a good example of the collaboration effort from the perspective of the program’s enterprise, as we know that collaboration is essential to the success of many small businesses.

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