CloudNC Raises $20 Million to Expand Manufacturing Automation Software
UK-based CloudNC's new funding brings its total capital raised to $128 million, according to TechCrunch.
UK-based manufacturing software startup CloudNC announced on Wednesday a $20 million Series B extension round, according to a report by TechCrunch.
The new funding brings the company's lifetime total raised to $128 million, TechCrunch reported.
CloudNC develops software aimed at automating processes in manufacturing, according to the report. The company has positioned its technology as a way to address bottlenecks in production workflows, though specific details on the round's investors and the company's current valuation were not disclosed in the available report.
TechCrunch did not specify how CloudNC plans to allocate the new capital, nor did it detail the company's current revenue or customer base. Further information about the round, including participating investors, was not included in the excerpt of the report.
Sources
EGazette summarizes reporting from multiple sources; follow the links for the originals.
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