IMTS 2026: CloudNC raises $20M to expand AI tools for precision machining

London-based AI software company for precision machining CloudNC announced that it has raised $20 million in new investment capital.

The company said that the funding is led by Nimble Ventures, a U.S.-based venture investor, with participation from other investors including Calculus Venture Capital, Entrepreneur First and LM Ventures, Lockheed Martin’s venture capital fund. 

Additionally, the company announced that it will demonstrate its AI-powered CNC programming technologies at IMTS 2026, September 14-19 in Chicago.

CloudNC plans technological acceleration

CloudNC said that it will use the investment to further catalyze the acceleration of advanced manufacturing by enabling more machine shops to adopt its AI technologies and to expand into new and existing markets. The company said that the funding will also support the development and launch of new products, including Quote Agent, an AI offering for quoting and estimating that will be demoed at IMTS 2026, and available later this year.

“Machine shops everywhere are under pressure to quote and program faster, and deliver more with the people and machines they already have,” said Theo Saville, co-founder and CEO of CloudNC. “This investment allows us to stay focused on what matters most to our customers: making CAM Assist even more effective at accelerating daily production, expanding into more markets, and developing new AI products that address critical bottlenecks across machining workflows.”

The company said that its flagship product, CAM Assist, uses AI to significantly reduce the time required to create CNC machining strategies and toolpaths, allowing teams to move from design to production faster and enabling skilled operators to increase their output.

CloudNC’s technology is in use at over 1,000 machine shops globally, including hundreds in the U.S. The company said that its customer base is also growing rapidly in new markets, and the funding will help support further customer adoption and market development.

“CloudNC’s automation of CNC will enable massive increases in onshoring of manufacturing and global production of mission-critical components,” said John Burbank, founder of Nimble Ventures.

CloudNC said that the funding comes as the company moves from early adoption of CAM Assist to broader commercial scale. Existing named customers include Lockheed Martin and Major Tool and Machine, and the company added that it will use the investment to support further growth in its go-to-market operations, including building its commercial presence, customer support and partner activity in fast-growing markets.

Quote Agent scheduled for release in 2026

CloudNC said that it is also developing new products, including Quote Agent. The company said that Quote Agent addresses one of the most manual and commercially important steps in machining: assessing new jobs and preparing quotes.

“Quote Agent is a natural next step for CloudNC as we seek to accelerate global machining with AI,” Saville said. “CAM Assist already helps machinists get parts onto machines faster; Quote Agent will help shops assess new work, prepare quotes more efficiently and respond to customers with greater confidence.”

CloudNC said that many machine shops still spend hours reviewing RFQs, interpreting drawings, assessing manufacturability and estimating production costs. By applying AI to quoting and estimating, CloudNC said that it aims to help manufacturers respond to customer enquiries more quickly and consistently, reduce administrative effort and improve confidence in early-stage job assessment.

“Quoting is one of the biggest hidden bottlenecks in precision machining: move too slowly and shops can lose the opportunity, or price inaccurately and they can lose margin once the job reaches production,” Saville added. “We believe our AI can make quoting faster, more consistent and more scalable, helping manufacturers win more of the right work while keeping expert judgement firmly in control.”

CloudNC at IMTS 2026

At IMTS 2026, CloudNC said that booth visitors can see CAM Assist live, explore the latest integrations and Strategy Editor, and get a sneak peek at Quote Agent.

Throughout IMTS, the company said that its team will run live demonstrations showing how CAM Assist helps programmers move from a 3D model to machining strategies and toolpaths more quickly.

Additionally, CloudNC booth visitors can see the latest CAM Assist integrations and learn how the same AI-assisted programming technology can support teams working across different CAM platforms, including Fusion, Mastercam, NX, GibbsCAM and Solidcam.

Click here to see more details about CloudNC’s IMTS booth.