London-based CloudNC raises €17.2 million to scale AI-powered precision machining
CloudNC, a London-based startup that develops AI software for precision machining, today announced it has raised €17.2 million ($20 million) to support wider adoption of its flagship product, further growth in existing and new markets, and the launch of new products. The round was led by Nimble Ventures, a US-based venture investor, with participation from […] The post London-based CloudNC raises…
London-based CloudNC, a startup specializing in AI software for precision machining, has secured €17.2 million ($20 million) in funding to expand its reach, accelerate product development, and support growth in new markets. Led by US-based venture investor Nimble Ventures, the round also saw participation from Calculus Venture Capital, Entrepreneur First, LM Ventures, and Lockheed Martin’s venture capital fund.
CEO and co-founder Theo Saville highlighted the pressing need for machine shops to streamline quoting and programming processes while maintaining high production levels. CloudNC's flagship product, CAM Assist, leverages AI to expedite CNC machining strategies and toolpaths, allowing machinists to transition from design to production more swiftly.
The funding will enable CloudNC to broaden the adoption of CAM Assist, develop new AI-driven products, and strengthen its commercial presence, particularly in fast-growing markets.
Notable customers include Lockheed Martin, Major Tool, and Machine, with the startup currently serving over 1,000 machine shops worldwide. CloudNC is in the process of achieving FedRAMP certification for CAM Assist, which will allow US government agencies, defense contractors, and other security-sensitive organizations to utilize the technology for critical manufacturing tasks.
New product Quote Agent, set to launch later in 2026, will automate the quoting process, enabling manufacturers to respond to customer inquiries more accurately and efficiently. This move aims to reduce administrative burden, improve early-stage job assessment, and ultimately help manufacturers secure more contracts while maintaining profitability.
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