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Dec. 12, 1955: First prototype of hovercraft patented by British engineer Christoper Cockerell. A hovercraft, also known as an air-cushion vehicle or ACV, is an amphibious craft capable of travelling over land, water, mud, ice, and other surfaces. Hovercraft use blowers to produce a large volume of air below the hull, or air cushion, that is slightly above atmospheric pressure. The pressure difference between the higher pressure air below the hull and lower pressure ambient air above it produces lift, which causes the hull to float above the running surface. For stability reasons, the air is typically blown through slots or holes around the outside of a disk- or oval-shaped platform, giving most hovercraft a characteristic rounded-rectangle shape. Typically this cushion is contained within a flexible “skirt”, which allows the vehicle to travel over small obstructions without damage.
Clockworks Analytics (fka KGS Buildings), a Somersville, MA-based cloud-based building analytics platform, raised an $8m funding round.
The round, which brings total funding to date to approximately $13m, was led by Carom Growth Partners and Evans Capital Management, with participation from existing investor Schneider Electric. In conjunction with the funding, Evan Kornack of Carom Growth Partners and Bruce Evans of Evans Capital Management have also joined the Clockworks Analytics board of directors.
The company intends to use the funds to accelerate its product roadmap, to roll out a wide range of improvements in the coming months, including new business intelligence reporting.