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Cloudnc Raises $45M To Deliver Autonomous Manufacturing

Jun 21, 2022•about 3 years ago

Amount Raised

$45 Million

London

Description

CloudNC, the company developing advanced software that enables factories to autonomously manufacture precision parts, today announced it has raised $45 million in a Series B round led by Autodesk, with Lockheed Martin and British Patient Capital participating alongside 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 unique full-stack manufacturing capability in Essex, United Kingdom.

Company Information

Company

Cloud Nc

Location

London, Ontario, Canada

About

CloudNC develops advanced software, developed and tested in its own aerospace-accredited facility (AS9100D), that massively simplifies and improves the process of precision machining, delivering greater speed and reliability with less waste than current processes. The company is seeking to democratise production through its unique, full-stack factory in Essex, United Kingdom, where the software is continuously iterated towards full manufacturing autonomy. The company, founded in 2015, consists of a world-class team combining expertise in computer science and physical manufacturing, alongside Autodesk and Lockheed Martin as strategic partners helping to make CloudNC's solutions available to factories around the world as a software product.

Funding Insights

Based on industry data
Tech investment trends
83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech