The company develops advanced software that enables factories to autonomously manufacture precision parts
CloudNC, the company developing advanced software that enables factories to autonomously manufacture precision parts, today announced it has raised $45 million in a Series B round led by Autodesk, with Lockheed Martin and British Patient Capital participating alongside 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 unique full-stack manufacturing capability in Essex, United Kingdom. Precision manufacturing, an industrial process required to make parts needed for virtually every industry, from automotive and aerospace to consumer electronics and defence, is currently error prone, time-consuming and expensive. Despite increased automation, precision manufacturing’s dependency on expert manual programming makes it less efficient than other industrial processes and means it is heavily exposed to an ageing workforce.
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