The investment is part of a funding round led by Kennametal Inc. and joined by Leaders Fund.
ModuleWorks, a provider of toolpath generation, simulation, and automation software, has announced a financial investment in Toolpath Labs, a company applying AI to improve machining processes. The investment is part of a strategic funding round led by Kennametal Inc. and supported by Leaders Fund.
ModuleWorks’ investment builds on the technology partnership it announced with Toolpath Labs in September 2024. This funding round is expected to support the continued development and rollout of AI-based solutions for the manufacturing sector. The collaboration focuses on delivering automation, improved estimation, and more efficient workflows for machine shop managers, estimators, planners, and CNC programmers.
Kennametal has an equity stake in ModuleWorks as part of their joint commitment to drive collaboration and accelerate digitalization in manufacturing. This latest investment round in Toolpath Labs extends and strengthens the ongoing cooperation between all the involved companies.
For more information, visit moduleworks.com.
