CloudNC, a technology company specialising in artificial intelligence for precision machining, has raised $20 million in new investment to accelerate the adoption of its AI solutions, expand across existing and new markets, and develop additional products for the manufacturing industry. The funding round was led by US-based venture investor Nimble Ventures, with participation from Calculus Venture Capital, Entrepreneur First and LM Ventures, the venture capital arm of Lockheed Martin.
CloudNC will use the investment to expand the deployment of its AI technology among machine shops worldwide, strengthen its presence in established and emerging markets, and accelerate the development of new products. The company is also preparing to launch Quote Agent later in 2026, an AI-based solution designed to support machining quotation and estimating processes.
CloudNC’s flagship product, CAM Assist, uses artificial intelligence to automate and accelerate the creation of CNC machining strategies and toolpaths. By reducing the time required for programming, the software helps machining teams move parts from digital designs to production more quickly while enabling skilled operators to handle more work.
CAM Assist is currently used by more than 1,000 machine shops globally, including hundreds of customers in the United States. CloudNC said the new investment will support further customer adoption and market expansion, along with investments in sales, customer support and partner networks.
Theo Saville, CEO and Co-founder, CloudNC, said, “Machine shops everywhere are under pressure to quote and program faster, and deliver more with the people and machines they already have. This investment allows us to stay focused on what matters most to our customers: making CAM Assist even more effective at accelerating daily production, expanding into more markets, and developing new AI products that address critical bottlenecks across machining workflows.”
John Burbank, Founder, Nimble Ventures, said, “CloudNC’s automation of CNC will enable massive increases in onshoring of manufacturing and global production of mission-critical components.” The funding comes as CloudNC moves into a broader commercial expansion phase for CAM Assist. Existing customers include Lockheed Martin and Major Tool and Machine. The company plans to increase its commercial presence and customer support capabilities in markets where demand for advanced manufacturing technologies is growing.
CloudNC is also developing Quote Agent, which is designed to address the time-consuming process of assessing machining jobs and preparing customer quotations. The solution will use AI to help manufacturers evaluate new jobs, prepare estimates and respond to enquiries more efficiently and consistently.
“Quote Agent is a natural next step for CloudNC as we seek to accelerate global machining with AI,” Saville said. “CAM Assist already helps machinists get parts onto machines faster; Quote Agent will help shops assess new work, prepare quotes more efficiently and respond to customers with greater confidence.”
CloudNC is also working with Knox Systems towards FedRAMP certification for CAM Assist. The certification is intended to support access to the software by US government agencies, defence contractors and other organisations operating under stringent security and compliance requirements.
Founded in 2015, CloudNC develops AI technology for CNC machining and manufacturing. Its flagship product, CAM Assist, automates time-intensive aspects of computer-aided manufacturing programming, helping machinists create machining strategies and toolpaths more efficiently. The company serves more than 1,000 machine shops worldwide and operates from its headquarters in London and manufacturing facility in Chelmsford. CloudNC is backed by Atomico, Episode 1 Ventures, Autodesk and Lockheed Martin.
