Consultancy : Company : Venture Capital
We’re not a traditional venture capital firm. We are built by founders for founders. Every single aspect of Atomico, every part of our culture, and every decision we take, is designed with the ambition of helping founders succeed. We exist for more than returns. We believe entrepreneurs are the ultimate agents of positive, transformational change across every aspect of our society and economy. Our mission is to spur this progress forward.
Varjo Raises $40 Million Series D Funding to Build a True-to-Life, Industrial Metaverse
Backed by EQT Ventures, Atomico, Volvo Car Tech Fund, Lifeline Ventures, and new strategic investors Mirabaud and Foxconn, the new capital will enable Varjo to build a true-to-life, industrial metaverse for all professionals. Varjo will use the funds for its R&D cloud services, namely Varjo Reality Cloud, the company’s XR streaming platform that was announced in April. The new capital will help the company continue to scale its software and hardware offerings across new enterprise verticals such as design & manufacturing, engineering, education, and healthcare.
CloudNC raises $45m to deliver autonomous manufacturing
CloudNC, the company developing advanced software that enables factories to autonomously manufacture precision parts, today announced it has raised $45 million in a Series B round led by Autodesk, with Lockheed Martin and British Patient Capital participating alongside returning investors Atomico and Episode 1 Ventures. The company will use the additional capital to further develop its SaaS offering and roll out at-scale through integrations with CAD/CAM packages such as Autodesk’s platforms, and to expand its unique full-stack manufacturing capability in Essex, United Kingdom.
CloudNC’s technology already provides a significant degree of autonomy. A user can upload a 3D model of any part and, with one click, the software autonomously determines the tools needed, how they will be used and drafts the code to tell a CNC machine how to make it. This software assistance allows factories to be more efficient while upskilling the workforce, since more junior employees are able to operate the machines.
scoutbee raises $60M Series B investment in mission to transform industries with AI-driven supplier discovery
scoutbee Inc. (https://scoutbee.com), the world-leading supplier discovery platform, today closed a $60 million Series B round from new investors, led by Atomico with participation from Lakestar and Next47, and including existing investors HV Holtzbrinck Ventures, 42CAP and Toba Capital. The investment establishes scoutbee as the fastest growing global SaaS procurement platform and, as part of this investment round, Atomico Partner Hiro Tamura will join the company’s board. This investment round brings scoutbee’s total venture capital funding to date to $76 million.
Headquartered in Berlin and Washington D.C., scoutbee’s smart procurement technology is already utilized by major multinationals including Audi, Airbus, Caterpillar and Bosch, as well as 75+ other companies worldwide, to provide them more confident strategic sourcing and purchasing decisions.
Oden Raises $10M Series A to Fuel the Digital Transformation in Manufacturing
Oden Technologies, an Industrial IoT company that provides manufacturing data analytics, today announces that it has closed a $10m (£7.6m) Series A round led by Atomico, with participation from existing investors including EQT Ventures and Inbox Capital, and seed investors. Atomico CEO, and co-founder of Skype, Niklas Zennström will join the company’s board.
Manufacturing – a $12tn sector globally, accounting for 16.6% of global GDP – is on the brink of a new machine age in which the industrial Internet of Things (IIoT) and cloud analytics are set to transform existing production processes, slash waste, drive efficiencies and increase output. Today, manufacturing industry is plagued with inefficiencies as high as 30 – 60 percent. The adoption of data analytics to drive efficiencies combats the shortage of in-house data engineering talent and lengthy project roll-outs. While industrial automation incumbents, such as Rockwell Automation, can take 12 – 18 months to roll out its analytics tools, Oden’s cloud-based data analytics platform can be live 10 times faster and immediately deliver actionable insights.