Tuesday, May 13, 2025

AI software firm sees revenue surge as manufacturing sector adoption grows

AI and machine learning company IntelliAM, based in Sheffield, reported a 39% rise in total pro-forma revenue to approximately £3.9 million for the financial year ending 31 March 2025, up from £2.8 million the previous year. The growth was attributed to increasing traction in the manufacturing sector, where its software is now deployed across more than 60 enterprise sites.

The company’s annual recurring revenue (ARR) rose sharply in the second half of the year, growing from £149,000 in September 2024 to over £800,000 by March 2025, a jump of over 400%. This reflects a transition toward more sustainable, contract-based income.

IntelliAM, which processes data from existing machinery and systems to provide manufacturers with AI-driven operational insights, reported a year-end cash position of around £1.97 million. The business said it would use this to fund continued investment in product development and customer support.

The firm anticipates ARR growth to exceed 250% in the current financial year as more clients progress to advanced stages of platform adoption. IntelliAM’s technology enhances asset efficiency, reliability, supply chain visibility, and sustainability in industrial operations.

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