Atomico

Consultancy : Company : Venture Capital

Website

London, England, United Kingdom

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.

Assembly Line

CloudNC raises $45m to deliver autonomous manufacturing

Date:

Topics: Funding Event

Organizations: CloudNC, Autodesk, Lockheed Martin, Atomico

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.

Read more at PR Newswire

Oden Raises $10M Series A to Fuel the Digital Transformation in Manufacturing

Date:

Topics: funding event

Organizations: Oden Technologies, Atomico

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.

Read more at Oden Technologies Blog