CloudNC, a company focused on AI-driven precision machining, raises $20 million in new capital to scale its technology for use across global supply chain networks. The funding round is led by US venture investor Nimble Ventures, with participation from Calculus Venture Capital, Entrepreneur First, and LM Ventures, the venture capital arm of Lockheed Martin.
Founded in 2015, CloudNC develops software that supports precision machining processes. The Next Web reports that the company plans to push its AI machining tools into more workshops. It also says CloudNC is launching a second product designed to handle job quoting, which it describes as a key commercial step that comes before precision manufacturers take on new work. AI News similarly frames the investment as enabling faster growth of CloudNC’s AI precision machining capabilities across supply chain networks. Across both outlets, the emphasis is on scaling existing tools and adding a complementary offering rather than changing the company’s core focus.
