Future Of British Business

British Factory Startup CloudNC Wins Autodesk, Lockheed Backing

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UK startup CloudNC has clinched the backing of two large US firms, software company Autodesk Inc. and aerospace giant Lockheed Martin Corp., in a fresh funding round.

The London-based company that’s seeking to automate the manufacturing of everything from airplanes to personal electronics raised $45 million in the Autodesk-led funding round, according to CloudNC’s Chief Executive Officer and co-founder Theo Saville.