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 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. The company aims to elevate the manufacturing sector by making it more efficient, reliable, and accessible, leveraging eight years of development by a skilled team in computer science and manufacturing.

Simplify's Take

What believers are saying

• CloudNC's recent $45M funding round supports expansion and product development.
• The rise of Industry 4.0 technologies enhances CloudNC's data-driven manufacturing solutions.
• Growing demand for sustainable practices aligns with CloudNC's mission for a cleaner industrial revolution.

What critics are saying

• Reliance on Autodesk's Fusion 360 could pose risks if platform policies change.
• Intensifying competition in AI-driven manufacturing may impact CloudNC's market share.
• CloudNC's freemium model may struggle if users don't convert to paid features.

What makes CloudNC unique

• CloudNC's CAM Assist automates tedious CAM processes, enhancing efficiency in precision manufacturing.
• The company's focus on sustainable manufacturing aligns with global environmental trends.
• CloudNC's partnerships with industry leaders like Autodesk and Lockheed Martin bolster its credibility.

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Funding

Total Funding

$59.7M

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