Technology
CloudNC secures $20 million extension to expand manufacturing automation software
TechCrunch reports that the British manufacturing software startup secured fresh capital, pushing its total raised funding to $128 million.
The short version
- CloudNC completed a $20 million Series B extension round led by Nimble Ventures, lifting total lifetime funding to $128 million.[TechCrunch]
- The investment will back the expansion of the firm's CAM Assist software and fund the development of new offerings like Quote Agent.[TechCrunch]
- According to the company, over 1,000 global machine shops deploy its tool, with 80% of users located in the United States.[TechCrunch]
Key facts
- CloudNC raised a $20 million Series B extension round, bringing its total lifetime capital raised to $128 million.[TechCrunch]
- The financing round was led by Nimble Ventures, with participation from LM Capital, Calculus Venture Capital, and Entrepreneur First.[TechCrunch]
- CEO Theo Saville reported that over 1,000 machine shops globally use CAM Assist, with 80% of customers based in the United States.[TechCrunch]
What remains uncertain
- Customer adoption numbers and geographic distribution figures rely entirely on self-reported metrics provided by CloudNC's leadership.[TechCrunch]
Sources
Outlet counts describe coverage, not independent confirmation. Reports may share a wire service or original source.