CloudNC Secures $20M in Funding to Enhance Manufacturing Automation
UK-based manufacturing software startup CloudNC has raised an additional $20 million, bringing its total funding to $128 million. The B extension round was led by Nimble Ventures and includes participation from Calculus Venture Capital, Entrepreneur First, LM Capital (Lockheed Martin’s venture arm), among others. The company provides AI-powered CAM Assist software that integrates with traditional CNC machining tools like Autodesk Fusion or Mastercam to automate strategic manufacturing decisions. CloudNC's solution helps machinists select appropriate tools and cutting parameters while generating the code required for execution. This aims to improve efficiency without removing human expertise from the process, supporting skilled workers in making more productive use of their time. The company serves over 1,000 machine shops globally, with 80% located in the U.S., and plans to expand adoption through this new funding. The investment will also support development of a new product called Quote Agent, which helps manufacturers assess project costs and risks more quickly. This aligns with broader trends such as reshoring manufacturing efforts in the U.S. and addressing labor shortages.
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Topics: AI funding manufacturing software startup