Startup profile · funding coverage
CloudNC funding, valuation and investors
London CNC/CAM automation software — $20M Series B extension led by Nimble Ventures; CEO told TechCrunch lifetime capital is now $128M.
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Funding, valuation & investors
Answer-first snapshotLatest funding
Series B extension
$20M · September 2026
Latest known valuation
Not publicly disclosed
Total disclosed equity funding
$65M
Excludes debt, grants, acquisitions, secondaries, and IPO proceeds.
Current status
private
series b · London, United Kingdom
Investors in latest funding
Lead: Nimble Ventures
Other: Calculus Venture Capital , Entrepreneur First , LM Capital
Overview
CloudNC is a London company founded in 2015 by CEO Theo Saville and chief science officer Chris Emery. Its CAM Assist product plugs into traditional CAM systems (Autodesk Fusion, Mastercam) to propose tools, approach directions, feeds and speeds, and first-pass CNC code for human review. On September 8, 2026 TechCrunch reported a $20 million Series B extension led by Nimble Ventures, with Calculus Venture Capital, Entrepreneur First, and LM Capital (Lockheed Martin’s venture arm). Quote Agent, a quoting tool, is scheduled to launch the following month per the CEO. June 21, 2022 company/PR Newswire: $45 million Series B led by Autodesk, with Lockheed Martin, British Patient Capital, Atomico, Episode 1, and QVentures; Tech.eu put lifetime capital then at about $78 million. Valuation was not disclosed in the 2026 TechCrunch piece. No Nimble Ventures /fund/ page here.
Why CloudNC is interesting
September 8, 2026: $20 million Series B extension, four years after Autodesk led a $45 million Series B (June 2022) that Tech.eu said took lifetime capital to about $78 million. The CEO told TechCrunch lifetime capital is now $128 million. $78M + $20M does not equal $128M — the gap is unexplained. Valuation not disclosed. Company: more than 1,000 machine shops; about 80% of customers in the US; 80 employees.
Product & use cases
CAM Assist drafts CNC machining strategy and code inside existing CAM tools; Quote Agent (not yet launched as of the interview) is meant to estimate cost and risk of new jobs.
- First-pass CAM programming for precision CNC parts
- Quoting new machining jobs once Quote Agent ships
Key facts
- Sep 8, 2026: $20M Series B extension; Nimble Ventures led (TechCrunch / CEO)
- June 2022: $45M Series B led by Autodesk; Tech.eu lifetime then ~$78M
- CEO to TechCrunch: lifetime capital now $128M — does not reconcile to $78M + $20M
- No valuation. 1,000+ shops; ~80% US customers; 80 employees (CEO to TC)
Funding history (newest first)
Series B extension
2026-09 $20M- Nimble Ventures (lead)
- Calculus Venture Capital (participant)
- Entrepreneur First (participant)
- LM Capital (participant)
Series B
2022-06 $45M- Autodesk (lead)
- Lockheed Martin (participant)
- British Patient Capital (participant)
- Atomico (participant)
- Episode 1 Ventures (participant)
- QVentures (participant)
Competitive landscape
Edge: Four years between priced prints, a US-heavy customer mix from a UK company, and a lifetime-capital figure that does not add from the last public total.
This is a Series B extension, not a new letter. Compare the four-year gap to software companies that re-price annually — the missing number is the mark, not the product category.
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Autodesk Fusion / Mastercam incumbent
CAM Assist plugs into these CAM systems rather than replacing the CAM file format.
Industries
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