CloudNC
Category: AI in Manufacturing
AI-powered CAM Assist software that automates CNC machining programming, quoting, and toolpath generation for machine shops. CloudNC was founded in 2015. The company is led by Theo Saville. Based in London, United Kingdom. Team size: 101-500. Total funding raised: $128M. Latest round: Series B. Key investors include Nimble Ventures, Calculus Venture Capital, Entrepreneur First, LM Ventures (Lockheed Martin's fund), Autodesk, Atomico, Episode 1 Ventures, British Patient Capital.
- Founded
- 2015
- Headquarters
- London, United Kingdom
- Team size
- 101-500
- Total funding
- $128M
Value proposition
CAM Assist uses AI to complete up to 80% of CAM programming in minutes, reducing bottlenecks in quoting, programming and machining for CNC manufacturers.
Products and solutions
CAM Assist (AI CAM programming plugin for Autodesk Fusion, Mastercam, Siemens NX, GibbsCAM, SolidCAM; Creo coming soon), Cutting Parameters engine (physics-based AI feeds & speeds), Soft Jaw Designer (free tool), Quote Agent, AWS GovCloud offering for ITAR-controlled environments
Unique value
Physics-based AI that integrates directly into existing CAM software (not a replacement) to generate machining strategies, cut programming time by up to 80%, and provide instant machinability feedback and cycle-time estimates.
Target customer
CNC machine shops and precision manufacturers across Aerospace, Space, Oil & Gas, Nuclear, Automotive, and Defense industries; used by 1,000+ factories worldwide.
Industries served
Aerospace, Space, Defense, Oil & Gas, Nuclear, Automotive, general precision manufacturing
Technology advantage
Proprietary physics-based AI models for CAM programming and cutting parameters, deep integrations with dominant incumbent CAM platforms (Autodesk Fusion, Mastercam, Siemens NX), SOC 2 Type 2, ISO 27001, Cyber Essentials Plus certified, AWS GovCloud offering, pursuing FedRAMP for defense work.
How they differentiate
Plugs directly into existing CAM software seats used by machine shops rather than requiring a rip-and-replace, targets defense/regulated manufacturing with GovCloud/ITAR-ready infrastructure and pursuit of FedRAMP certification.
Main competitors
Paperless Parts (Boston, AI quoting platform, $45.5M raised), Limitless Labs / LimitlessCNC (Tel Aviv, CAM automation), Manukai, Plyable, Formlogic (metal machining automation)
Key partnerships
Autodesk (investor and integration partner), AWS GovCloud, Lockheed Martin's LM Ventures (investor), integrations with Mastercam, Siemens NX, GibbsCAM, SolidCAM.
Notable customers
Lockheed Martin, Major Tool and Machine, Dreamz Machining, Align Precision, Avalanche Energy, Auxilium Manufacturing, Maki Precision Machining, MSP Manufacturing, Arcamed, Xeon NC, Bedford CNC, Hamilton
Major milestones
Founded 2015, Series A 2018 ($12M), Series B 2022 ($45M, Autodesk investment), reached 1,000+ machine shop customers, Series B extension Sept 2026 ($20M, led by Nimble Ventures) to pursue FedRAMP certification for defense manufacturing work, lifetime funding reached $128M.
Growth metrics
Used by 1,000+ factories worldwide; customers report saving average of 1,000+ hours/year; previous major raise was 4 years prior to the 2026 round.
Market positioning
Category leader in AI-augmented CAM programming for CNC machine shops, positioned toward regulated/defense-adjacent manufacturing (Lockheed Martin's fund as investor) as well as general precision machining.
Geographic focus
Primarily UK/US and broader Western manufacturing markets; competes globally with US-based (Paperless Parts) and Israel-based (Limitless Labs) rivals.
About Theo Saville
Manufacturing & Mechanical Engineer (M.Eng, University of Warwick); background in defence and laser-based metals 3D printing research at Warwick Manufacturing Group. Co-founded CloudNC in 2015. Forbes 30 Under 30 in Manufacturing & Industry (2019), MIT 35 Under 35 (2023).
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Official website: https://www.cloudnc.com