University of Liverpool spinout has received 拢125k in investment from LYVA Labs.聽
The business creates engineering solutions for the advanced manufacturing sector from its base at the University of Liverpool鈥檚 School of Engineering.
The company plans to use the investment to accelerate product commercialisation.
The funding also supports the business to develop new intellectual property, file a new patent, secure eight jobs, and create a COO role.聽
Atomik AM have already had successful collaborations with blue-chip companies.
Founder and CEO Professor Kate Black successfully exited Meta Additive Ltd, a company which she founded, after nearly three years in June 2022.聽
She said: 鈥淭his investment is a testament to the groundbreaking work our team is doing to advance additive manufacturing processes.聽
鈥淚t allows us to expand our capabilities, accelerate innovation, and bring sustainable, cutting-edge solutions to the industry.”
LYVA Labs鈥� head of investments, Akshay Bhatnagar, added: 鈥淲e hope this will be the first of many investments alongside the University of Liverpool.
鈥淎tomik AM exemplifies the excellence found in advanced manufacturing R&D across Liverpool City Region, and we are pleased to be part of this business鈥� exciting innovation journey.鈥�
Liverpool City Region Combined Authority invested 拢10.5m in LYVA Labs to support innovators to turn great ideas into high-growth businesses.
This is part of Mayor Steve Rotheram鈥檚 ambition to invest 5% of regional GVA into research and development (R&D) by 2030.
Liverpool founder closes startup: 鈥業鈥檝e run out of passion鈥�