London precision machining software company CloudNC has raised $20 million in new investment capital. Nimble Ventures leads the round, with participation from other investors including Calculus Venture Capital, Entrepreneur First, and LM Ventures, Lockheed Martin’s venture capital fund.
CloudNC’s lead product, CAM Assist, uses AI to greatly reduce the time required to create CNC machining strategies and toolpaths, allowing teams to move from design to production faster and enabling skilled operators to increase their output. With CAM Assist, machine shops increase throughput, improve efficiency and consistency, and make better use of the expertise already within their teams.
CloudNC’s tech is used by more than 1,000 machine shops globally, including hundreds in the US, and its customer base is also growing rapidly in new markets, where the funding will help support further customer adoption and market development.
Theo Saville, CEO and co-founder of CloudNC, said:
“Machine shops everywhere are under pressure to quote and program faster, and deliver more with the people and machines they already have. This investment allows us to stay focused on what matters most to our customers: making CAM Assist even more effective at accelerating daily production, expanding into more markets, and developing new AI products that address critical bottlenecks across machining workflows.”
