CloudNC

CloudNC

AI tool automating Computer-Aided Manufacturing

About

CloudNC operates in the precision manufacturing sector, focusing on automating the Computer-Aided Manufacturing (CAM) process with its main product, CAM Assist. This AI tool streamlines repetitive tasks, allowing manufacturers to concentrate on more complex challenges. By significantly reducing production times from days or hours to mere minutes or seconds, CAM Assist enhances the efficiency of the manufacturing process. Unlike competitors, CloudNC offers its tool as a free add-on to existing CAM software, such as Fusion 360, with plans for integration into other leading packages. This freemium model allows users to access basic features at no cost while offering premium options for advanced functionalities. The goal of CloudNC is to improve the manufacturing industry by making it more efficient, reliable, and accessible, leveraging eight years of development by a skilled team in computer science and manufacturing.

Company Stage

Series B

Employees

51-200

Industries

Industrial & Manufacturing, AI & Machine Learning

Total Funding

$59.7M

Headquarters

N/A

Founded

2015


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Simplify's Take

What believers are saying

  • CloudNC's recent $45 million Series B funding round, led by Autodesk and Lockheed Martin, provides substantial financial backing for further development and expansion.
  • The launch of Cutting Parameters AI showcases CloudNC's commitment to continuous innovation, enhancing its product offerings and market appeal.
  • Partnerships with industry leaders like DMG MORI and clients like Bladon Jets highlight CloudNC's growing influence and potential for significant market penetration.

What critics are saying

  • The reliance on a freemium model may delay revenue generation, impacting short-term financial stability.
  • Integrating AI solutions into traditional manufacturing processes may face resistance from industry professionals accustomed to conventional methods.

What makes CloudNC unique

  • CloudNC's CAM Assist leverages AI to automate the CAM process, significantly reducing production time from days or hours to minutes or seconds, a unique advantage in the precision manufacturing industry.
  • The company's freemium model allows users to access basic features for free, encouraging widespread adoption and providing a pathway to monetization through premium features.
  • CloudNC's strategic partnerships and investments from industry giants like Autodesk and Lockheed Martin bolster its credibility and resources, setting it apart from smaller competitors.

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Growth & Insights
Headcount

6 month growth

3%

1 year growth

-2%

2 year growth

95%

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