CloudNC raises $20M to automate manufacturing’s most pressing bottlenecks

UK-based CloudNC, a manufacturing software startup, secured a $20 million funding extension round, raising its total capital to $128 million. Founded in 2015 by Theo Saville and Chris Emery, the company specializes in AI-powered CAM Assist software that automates Computer Numerical Control (CNC) machining processes. CNC machining involves using computer-controlled machines to cut or shape materials into precise parts for the automotive, defense, and consumer hardware industries.

Traditionally, machinists or CAM programmers must manually decide crucial aspects of the machining process, such as how to hold a part or select appropriate tools. CAM Assist, a software that integrates with traditional CAM systems, helps machinists and programmers make more efficient strategic manufacturing decisions by selecting suitable tools, approach directions, and cutting feeds and speeds, and drafting the required code for the CNC machine.

With over 1,000 machine shops worldwide and a majority of its customer base in the U.S., CloudNC's primary objective is to scale adoption of its product. The company has 80 employees and aims to strengthen its go-to-market operations, expand markets, and develop new products like Quote Agent, which similarly helps manufacturers assess project costs and risks faster.