202221 Jun

Blog - announcing ’s $45M Series B and new strategic partners Autodesk and Lockheed Martin

Summary

It couldnt even recommend what cutting parameters use for that Id need to pick up a weighty handbook and do some maths, or ask an expert for a best guess.Precision manufacturing is a dark art, reliant on incredible skill that is fast disappearing. But it comes with equally compelling rewards as it has the potential to massively impact the pace of engineering innovation while unlocking a $200B market opportunity.So, in 2015, my co-founder Chris Emery and I set out on the ambitious mission to make manufacturing fully autonomous. Today, we need months to years to go from initial ideas to placing these finished products into your hands, but we should live in a world where hardware iterates at (nearly) the speed of software where as soon as we have a new design, we can click a button and have it manufactured and delivered in days or weeks. As we release this software beyond our own factory and roll it out over the next 12 months, other facilities will become more efficient and the workforce will be upskilled, as more junior employees will be able to operate the machines.New Alliances Our strategic partnerships with Autodesk and Lockheed Martin are demonstrative of the enormous potential, both now and in the future, of CloudNCs vision. Despite everything weve achieved so far, there is still a long journey ahead to reach full manufacturing autonomy, but Im absolutely confident in the capability of our brilliant and growing team to keep delivering.Some of the new Series B capital will be used to scale our operations.

Source: Cloudnc

Funding

$45M
Amount
Jun 21 2022
Date
-
Investor
CloudNC
Company

Classifications

Companies