Maven Capital Partners is investing up to £1.5m into an Alderley Park-headquartered supercomputing technology start-up.
The mid-market private equity firm has invested £1m into ebb3 with the potential for an additional £500,000 of follow-on funding.
Based at Alderley Park in Cheshire, ebb3 provides data-intensive 3D graphical applications to customers on any device using High Performance Virtual Computers, overcoming the need for businesses to maintain and run traditional fixed-location computer workstations across their organisations.
Its technology is designed to drive heavyweight applications for the likes of computer-assisted design (CAD) or computer-generated imagery (CGI) work, offering 3D graphics without compromising on performance. The platform is intended to enable engineers or designers the freedom to work on any device, anywhere and at any time.
The use of 3D graphical applications is increasingly required in a number of industries including energy services, construction, and Formula 1.
Andrew Ferguson, partner at Maven, said: "We are very excited to be supporting the team at ebb3 in the rollout of this disruptive technology. ebb3 has a highly scalable business model with the potential for significant expansion and has already been embraced by key integrators.
"Given the growth we have seen in the wider market, we are confident that the demand for ebb3's niche solutions will remain strong in the coming years.
"The highly capable management team led by Mark Vickers has over a century of combined experience, a number of whom are market leaders in their respective fields. We have every confidence in their ability to drive the business forward and deliver shareholder value and we look forward to work together over the coming months and years."
The Maven funding will enable ebb3 to significantly scale its skilled workforce of solutions architects and implementation technicians, as well as converting the current pipeline of opportunities.
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