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:
Well done to our Runway East Shoreditch members Labstep, who have raised £1 million in new funding from existing investors.
We spoke to Jake Schofield, co-founder of Labstep, a research and collaboration platform for scientific experiments.
We spoke to Sam O’Connor, co-founder of Coconut, a current account for freelancers and self-employed people that automatically sorts your expenses and tells you how much tax you owe.