AI software developer CloudNC has raised $2 million in new capital to enable more machine shops to adopt its AI solutions, and expand into new markets.
The funding round was led by US venture investor Nimble Ventures, with participation from Calculus Venture Capital, Entrepreneur First and LM Ventures – Lockheed Martin’s venture capital fund.
The funding will support the development and launch of new products including Quote Agent, an AI software for quoting and estimating that will be available later this year.
“Machine shops everywhere are under pressure to quote and programme faster, and deliver more with the people and machines they already have,” said Theo Saville, CEO and co-founder of CloudNC. “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.”
CloudNC’s lead product, CAM Assist, uses AI to significantly 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 technology is now used by more than a thousand machine shops around the world, with the new funding helping to grow this adoption in new and existing markets.
John Burbank, founder of Nimble Ventures, added: “CloudNC’s automation of CNC will enable massive increases in onshoring of manufacturing and global production of mission-critical components.”
The funding round comes as CloudNC moves from early adoption of CAM Assist to broader commercial scale. The company’s existing customers include the likes of Lockheed Martin and Major Tool and Machine. The investment will be used to support further growth in CloudNC’s go-to-market operations.
Quote Agent, the company’s newest AI-based software offering available later this year, addresses the manual task of assessing new jobs and preparing quotes.
“Quote agent is a natural next step for CloudNC as we seek to accelerate global machining with AI,” explained Saville. “CAM Assist already helps machinists get parts onto machines faster; Quote Agent will help shops assess new work, prepare quotes more efficiently and respond to customers with greater confidence.
“Quoting is one of the biggest hidden bottlenecks in precision machining: move too slowly and shops can lose the opportunity, or price inaccurately and they can lose margin once the job reaches production. We believe our AI can make quoting faster, more consistent and more scalable, helping manufacturers win more of the right work while keeping expert judgement firmly in control.”
CloudNC is also working with Knox Systems toward achieving FedRAMP certification for CAM Assist. This will help enable US government agencies, defence contractors, and other organisations with stringent security and compliance requirements to use CAM Assist for sensitive manufacturing workloads.
