Midlands-based MatAlytics, a provider of structural physics AI for critical industrial assets, has been awarded £619k in grant funding from Innovate UK.
To secure the funding, MatAlytics had to nominate and demonstrate a highly scalable Proof of Concept (PoC) stage AI technology that aligns with the UK’s strategic need for AI sovereignty.
The startup successfully proposed a frontier AI PoC within the steel manufacturing sector based on deploying its CITRUS software.
The physics AI embedded in CITRUS will enable steel and metal manufacturers to predict the thermomechanical behaviour and microstructure of steel slabs and components faster and more accurately using physics-based AI, replacing costly, slower and less accurate simulation methods that are dated.
MatAlytics says this will enable the industry to reduce operating costs, carbon emissions and improve the production, quality and consistency of products.
The new grant builds on an initial £100k in funding received from Innovate UK.
“This grant not only strengthens our technology roadmap – it enables us to gain early commercial traction with UK industry partners, reinforcing British leadership in sovereign, physics-informed AI for critical industrial applications,” says Benedikt Engel, CEO and co-founder at MatAlytics.
“Additionally, at a very practical operational level, it means we can take on more technical and commercial staff to support our roadmap and future customers’ needs.”
