CloudNC raises $20 million for CAM Assist and Quote Agent

CloudNC's $20 million raise comes as the company moves from early adoption of CAM Assist to broader commercial scale. CAM Assist is already in use at more than 1,000 machine shops globally, including hundreds in the US, with named customers such as Lockheed Martin and Major Tool and Machine. The company is using the new capital to support further growth in go-to-market operations, including building commercial presence, customer support and partner activity in fast-growing markets.

Beyond CAM Assist, CloudNC plans to launch Quote Agent later in 2026. It addresses quoting and estimating, described by CEO Theo Saville as one of the biggest hidden bottlenecks in precision machining. Nimble Ventures founder John Burbank said CloudNC's automation of CNC will enable massive increases in onshoring of manufacturing and global production of mission-critical components.

The next test for CloudNC is whether it can turn that early traction into commercial scale. Its work with Knox Systems toward FedRAMP certification is likely to matter for winning US government agencies and defence contractors. For machine shop owners, the practical question is whether Quote Agent translates into faster responses and fewer lost jobs.