Welcome to The Stack’s weekly round-up of the latest startups, scaleups, and funding news. (Want us to include your milestone in the next wrap-up? Get it to Noah Bovenizer here with the story in 50 words or fewer.)
Rapid advancements in AI have opened many doors in the manufacturing industry, but one area that involves particular complexity and care is precision manufacturing. Startup CloudNC is building AI-powered software to help those machines work faster and smarter and raised $20 million to support that cause.
CEO Theo Saville spoke to The Stack about how it is using AI for that purpose, why new technology offers a level of automation previously not possible in the sector, and working with existing software within the industry.
Also this week, there are multiple $1 billion+ valuations, news from AI hardware startups working on inference and memory-safety, and Mistral closes the largest funding round ever for a European company.
