Congratulations to our Runway East Shoreditch members CloudNC who have raised £9 million in Series A funding.
The AI software startup closed the round last week, led by European VC firm Atomico and participated by a number of other investors including Episode 1 and Entrepreneur First.
Cloud NC aim to halve the time and costs within manufacturing by developing software that automates the process of CNC milling machines. The breakthrough would mean less emphasis on mass production and a huge contribution towards machine-based manufacturing.
MORE FROM THE RUNWAY EAST COMMUNITY:
We spoke to Brigette Currin, co-ordinator of TechEast, a membership organisation for businesses and entrepreneurs based in the East of England.
We spoke to Runway East member Krasina Mileva, Founder of blockchain-based platform Dovu, that rewards users for positively impacting the future of their cities.
As part of the launch of Runway East Bristol, we’ve been lucky enough to speak to the cities leading entrepreneurs, startup champions and innovators. We had the pleasure of catching up with Mark Mason, founding member of the Bristol Private Equity Club.