CloudNC, a London, and Chelmsford, UK-based company developing advanced software that enables factories to autonomously manufacture precision parts, raised $45 million in Series B funding.
The round was led by Autodesk, with participation from Lockheed Martin and British Patient Capital and returning investors Atomico and Episode 1 Ventures.
The company will use the additional capital to further develop its SaaS offering and roll out at scale through integrations with CAD/CAM packages such as Autodesk’s platforms, and to expand its full-stack manufacturing capability in Essex, United Kingdom.
Company: Legal Name CloudNC Ltd.
Round: Series A
Funding Month: June 2022
Lead Investors: Autodesk
Additional Investors: Lockheed Martin, British Patient Capital, Atomico, and Episode 1 Ventures
Company Website: https://cloudnc.com/
Software Category: Developing Advanced software
About the Company: Led by Theo Saville, CEO, and co-founder, CloudNC develops advanced software, developed and tested in its aerospace-accredited facility (AS9100D), that simplifies and improves the process of precision machining, delivering greater speed and reliability with less waste than current processes. A user can upload a 3D model of any part and the software autonomously determines the tools needed, and how they will be used and drafts the code to tell a CNC machine how to make it. This software assistance allows factories to be more efficient while upskilling the workforce since more junior employees can operate the machines.