Overview

CloudNC operates in the precision manufacturing industry, focusing on automating the Computer-Aided Manufacturing (CAM) process with its main product, CAM Assist. This AI tool helps manufacturers by streamlining repetitive tasks, allowing them to concentrate on more complex challenges. By significantly reducing the time required to produce parts—from days or hours to mere minutes or seconds—CloudNC enhances the efficiency of the manufacturing process. The tool is designed as an add-on for existing CAM software, currently available in Fusion 360, with plans for integration into other popular CAM packages. Users can access the tool for free, indicating a freemium business model where basic features are complimentary, while premium features may incur charges. CloudNC aims to improve the manufacturing industry by making it more efficient, reliable, and accessible, backed by a team with extensive experience in computer science and manufacturing.

Simplify's Take

What believers are saying

• Increased AI adoption in manufacturing boosts CloudNC's mission for automation and modernization.
• Industry 4.0 technologies create opportunities for CloudNC's integration into smart factories.
• Global CAM software market growth supports CloudNC's CAM Assist tool's potential success.

What critics are saying

• Local competition and regulations may challenge CAM Assist's introduction in India.
• Dependency on Autodesk and Lockheed Martin funding poses strategic risks for CloudNC.
• Freemium model may not convert enough users to premium, affecting revenue.

What makes CloudNC unique

• CloudNC's CAM Assist automates tedious CAM tasks, enhancing efficiency in manufacturing.
• The company partners with industry leaders like Autodesk and Lockheed Martin for growth.
• CloudNC focuses on sustainable manufacturing, aligning with global trends towards eco-friendly practices.

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Funding

Total Funding

$61.4M

Above

Industry Average

Funded Over

5 Rounds

$45,000,000

Series B

Jun 2022

Series B funding is typically for startups that have proven their business model and need more funding to expand rapidly—often by entering new markets or adding more products. Investors are usually venture capital firms that specialize in later-stage investments.

Series B Funding Comparison

Above Average

Industry standards

Ind Avg. $35M

$4M

$30M

$45M

$45M

$65M

$100M

View all funding stages