AI Powers Manufacturing’s Next Big Leap | Tech News

0:00It's September 9th. This is Tech News today, powered by AI tracking products, companies, and trends. Cloud NC, a company that builds software for manufacturing, just secured another $20 million. This brings their total funding to $128 million since they started. Their main product uses artificial intelligence to speed up the process of programming machines that cut and shape materials for things like cars and defense equipment. This AI software called Cam Assist helps machinists and programmers figure out the best way to make a part. Instead of manually setting everything up, the software suggests tools, cutting speeds, and even writes the basic code. The idea isn't to replace skilled workers, but to make them more efficient by handling the repetitive, initial thinking. Over a thousand machine shops around the world are already using Cam Assist, with most of their customers based in the United States. The company, which has 80 employees, is focused on getting more shops to adopt their technology. This funding round is meant to help them grow their sales operations and

1:04expand into new markets. They're also working on a new product called quote agent, which will help manufacturers quickly estimate the cost and risk of new projects. This comes at a time when many U.S. manufacturers are looking to bring production back home, and there's a shortage of skilled labor. The goal is to help these shops work faster and produce more with the resources they already have. The company has been years tackling the complex problem of manufacturing, using their own factory and software team to learn what works. This latest investment will support the launch of quote agent next month and further development of their AI-driven manufacturing solutions.