CloudNC, a London, and Chelmsford, UK-based company developing advanced software that enables factories to autonomously manufacture precision parts, raised $45m 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.
Led by Theo Saville, CEO and co-founder, CloudNC develops advanced software, developed and tested in its own 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, 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 are able to operate the machines.
The company operates a full-stack factory in Essex, United Kingdom, where the software is continuously iterated towards full manufacturing autonomy.
FinSMEs
21/06/2022