CloudNC has secured $20 million in new capital to scale its AI precision machining technology across global supply chain networks.
The investment was led by US venture investor Nimble Ventures, with participation from Calculus Venture Capital, Entrepreneur First, and LM Ventures, the venture capital fund of Lockheed Martin. Founded in 2015, CloudNC operates from a facility in California that employs around 100 people.
CloudNC's AI precision machining technology has the potential to revolutionize manufacturing by automating complex machining processes in real-time. By leveraging machine learning algorithms and computer vision, the company can optimize production workflows, improve product quality, and reduce costs. With this new funding, CloudNC plans to accelerate its expansion into new markets and customer segments, expanding its reach beyond the US supply chain to become a global player in the manufacturing sector.