7 years ago

CloudNC Raises £9 Million to Automate Manufacturing with AI

  • CloudNC, a U.K

  • startup developing AI software to automate part of the manufacturing process, has raised £9 million in Series A funding led by Atomico

  • The company's software and cloud computing service aims to automate the programming of CNC milling machines, which are used to carve solid metal into useful shapes

  • CloudNC believes that AI can significantly reduce the time and costs associated with manufacturing by automating the programming of CNC machines and optimizing the cutting process

  • This investment reflects Atomico's strategy of investing in companies that are driving innovation in "industry 4.0," a term used to describe the increasing automation and digitalization of manufacturing.

      • ProblemTechnology

      "CNC milling machines are expensive and time-consuming to program, taking up to 100 hours for complex parts. Human operators can't efficiently calculate the most efficient way to cut out a block of metal for each bespoke part being manufactured."

      Solution

      "CloudNC's AI software automates the programming of CNC milling machines, reducing the time and cost of manufacturing. It uses AI and 'super computing' in the cloud to calculate the most efficient way to cut out a block of metal, potentially halving the time needed to manufacture parts."

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