CloudNC has secured $20 million in new capital to further expand its precision machining technology across the global supply chain network. 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 located in [location]. The company's AI-powered precision machining technology has been gaining attention for its potential to revolutionize various industries. With this new investment, CloudNC aims to accelerate its growth and improve its services to clients worldwide.
The additional capital will be used to enhance the company's existing machinery and software capabilities, allowing it to process more complex and precise parts. This expansion is expected to further boost CloudNC's capacity to meet increasing demand from clients, particularly in sectors such as aerospace and automotive manufacturing.