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CloudNC raises $20M B extension for CAM Assist and upcoming Quote Agent launch
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CloudNC raised a $20 million B extension bringing its lifetime total to $128 million to scale adoption of its CAM Assist CNC programming automation tool and develop Quote Agent.
CAM Assist plugs into existing CAM systems like Autodesk Fusion and Mastercam to automate first-pass CNC programming decisions such as tool selection and cutting parameters, letting machinists review and approve rather than start from scratch. With over 1,000 machine shops already using it and a skilled-worker shortage driving demand, the funding targets wider market expansion and a new quoting product launching next month.
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CAM Assist integrates with traditional CAM systems to generate tool selections, approach directions, and cutting feeds and speeds for CNC machining, with the user retaining final review and approval.
The $20 million B extension brings CloudNC's lifetime total raised to $128 million, with investors including Nimble Ventures as lead and LM Capital, Lockheed Martin's venture arm.
Quote Agent, a tool for manufacturers to assess project cost and risk before accepting or rejecting work, is set to launch next month.
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