CloudNC, a UK-based software startup specializing in AI-powered tools for computer numerical control (CNC) machining, announced a $20 million B extension funding round. This latest raise brings its total capital raised to $128 million, aiming to accelerate adoption of its software solutions that automate complex manufacturing decision-making.
- CloudNC’s CAM Assist automates CNC machining strategy decisions.
- Funding led by Nimble Ventures increases total raised to $128M.
- New product Quote Agent targets faster manufacturing project quoting.
What happened
CloudNC, a UK startup founded in 2015, announced a $20 million extension to its Series B funding round. This injection of capital elevates its total funding to $128 million. The company offers an AI-driven software product called CAM Assist that plugs into existing CAM (Computer Aided Manufacturing) systems, automating crucial operational decisions in CNC machining. These include tool choice, machine approach, and feed speeds.
The CAM Assist software aims to reduce the manual labor involved in programming CNC machines by automating the initial setup and strategy, allowing engineers and machinists to review and optimize the AI-generated plans. Over 1,000 machine shops worldwide, particularly in the United States, currently use this technology. Investors in the round include Nimble Ventures, Calculus Venture Capital, Entrepreneur First, and Lockheed Martin’s venture arm LM Capital.
Why it matters
CNC machining is a critical process for industries like automotive, defense, and consumer hardware, but it requires expert knowledge to program and optimize. Traditional CAM software remains largely manual, demanding skilled programmers to decide machining strategies. CloudNC’s solution dramatically enhances efficiency by automating the tedious first-pass thinking and repetitive tasks without displacing expert decision-making.
This automation addresses growing challenges within manufacturing, such as skilled labor shortages and the push for reshoring production. By streamlining programming and quoting processes, CloudNC helps manufacturers better utilize existing workforce and equipment. Enhanced efficiency in CNC machining can lead to faster production cycles, lower costs, and increased competitiveness in a tightening labor market.
What to watch next
CloudNC plans to use the new funding to accelerate wider adoption of CAM Assist, expand its presence in current and new markets, and strengthen go-to-market capabilities. Additionally, the company is preparing to launch Quote Agent, a new product aimed at helping machine shops quickly assess cost and risk for new manufacturing projects, accelerating decision-making on accepting or rejecting work.
The introduction of Quote Agent in the coming month is a critical step as manufacturers face tighter turnaround demands and resource constraints. Keeping an eye on CloudNC’s growth, product adoption rates, and ability to innovate within the CNC ecosystem will provide insights into how AI-driven automation can reshape manufacturing workflows globally.