CloudNC Raises $20M to Automate CNC Manufacturing Workflows

CloudNC announced a $20 million Series B extension, bringing its lifetime funding total to $128 million. The UK-based manufacturing software startup last had a major raise four years ago, according to co-founder and CEO Theo Saville. The company says the new capital will support wider adoption of CAM Assist, strengthen go-to-market operations, expand in existing and new markets, and help develop new products.

Nimble Ventures led the round, with participation from Calculus Venture Capital, Entrepreneur First, and LM Capital, Lockheed Martin’s venture arm.

CloudNC’s CAM Assist software automates parts of Computer Numerical Control machining, a process that uses computer-controlled machines to cut or shape materials into precise parts for industries including automotive, defense, and consumer hardware. Before a part can be cut, machinists or computer-aided manufacturing programmers must decide how the part should be held, which tools to use, and how to approach the job.

CAM Assist plugs into traditional CAM systems such as Autodesk Fusion or Mastercam. Saville said the software selects suitable tools, approach directions, and cutting feeds and speeds, then drafts the code needed to tell the CNC machine what to do.

CloudNC positions CAM Assist as a productivity tool for skilled workers, not a replacement for expert judgment. The user reviews, edits, and approves the software’s output after it drafts a machining strategy. Saville compared it to an expert assistant that automates first-pass thinking and repetitive setup so a programmer can refine and approve the approach.

That distinction matters for machine shops weighing automation: the software is described as helping teams move faster while keeping human oversight in the workflow.

Saville said more than 1,000 machine shops worldwide use CAM Assist, and 80% of CloudNC’s customer base is in the U.S. The company has 80 employees, and its biggest goal is scaling adoption. CloudNC is also developing Quote Agent, a product intended to help manufacturers assess the estimated cost and risk of new projects more quickly.

Saville tied that push to pressure on machine shops to quote faster, program faster, and deliver more with existing people and machines. He also pointed to U.S. reshoring efforts and a shortage of skilled manufacturing workers as part of the backdrop for the company’s products.