British Patient Capital has invested £5 million in CloudNC, a London-based developer of automation software for the manufacturing sector, as part of a £35 million Series B round.
The round was led by US software corporation Autodesk, alongside investment from Lockheed Martin, Atomico and Episode 1.
The investment from British Patient Capital was made through Future Fund: Breakthrough, its £375 million programme where we co-invest with private sector investors in innovative, R&D-intensive UK companies.
CloudNC has developed powerful optimisation software for the precision parts manufacturing market, which makes parts for most day-to-day products – from automotive and aircraft parts to electronic devices. CloudNC’s software automates the machining process and creates precision parts faster, cheaper and more accurately than traditional methods allow.
