CloudNC raises $20M to automate manufacturing’s most pressing bottlenecks
UK-based manufacturing software startup CloudNC announced a $20 million B extension round on Wednesday, bringing its lifetime total raised amount to $128 million. The company’s last major raise was four years ago, its co-founder and CEO Theo Saville told TechCrunch.
Saville launched CloudNC in 2015 with Chris Emery, now the company’s chief science officer, and offers AI-powered CAM Assist software that automates parts of Computer Numerical Control (CNC) machining. CNC is the process of using computer-controlled machines to cut or shape materials precisely into the parts that are then used in automotive, defense, or consumer hardware industries.
Before a part can be cut, Saville said, a machinist or a computer-aided manufacturing programmer has to decide issues like how a part should be held or what tools should be used, Saville said.
They typically use powerful CAM software to help with this ideation phase, and although some of these tools can...
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