CloudNC Ltd

CloudNC Ltd specializes in advanced AI-driven software for Computer-Aided Manufacturing (CAM). Their solutions enhance machining efficiency by automating key processes, making them essential for modern manufacturing operations. CloudNC Ltd, founded in 2015 in London, UK, develops innovative software to optimize manufacturing processes. The company has raised a total of USD 45.

00 mn across multiple funding rounds, with the latest being a Series B round on June 21, 2022, led by Autodesk and including investors like Atomico and Lockheed Martin Ventures. Theo Saville serves as both Founder and CEO, driving the company's vision. CloudNC's primary offering is CAM Assist, an AI-driven software that seamlessly integrates with existing CAM packages, including Mastercam and Autodesk Fusion. This software automates the development of machining strategies and parameters, thereby enhancing productivity and reducing manual programming time, benefiting clients across various sectors such as aerospace and automotive.

In the most recent fiscal year of 2023, CloudNC reported revenues of USD 2. 43 mn, with an EBITDA of USD -19. 88 mn. The company operates on a subscription model for its CAM Assist product, allowing for tailored pricing plans based on client needs, which supports flexibility and scalability in the manufacturing sector.

Following the recent Series B funding round, CloudNC plans to enhance its SaaS offerings and expand its manufacturing capabilities, particularly through integrations with CAD/CAM packages like Autodesk's platforms. The company aims to solidify its presence in Essex, UK, while exploring opportunities to enter new geographic markets in North America and Europe by 2024.