Strategic Investment in AI Startup Toolpath Labs by Module Works

AI technology Module Works announces strategic investment in Toolpath Labs

2025-05-27 Source: Module Works 1 min Reading Time

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Module Works has made a strategic investment in AI-driven startup Toolpath Labs, aiming to accelerate the development of intelligent machining software. Together with partners like Kennametal, the collaboration focuses on boosting automation, efficiency, and smarter decision-making across the manufacturing sector.

Module Works and Toolpath Labs celebrating their partnership in Aachen, Germany. From left to right: Al Whatmough (CEO, Toolpath Labs), Ben Weber (Head of Corporate Development, Module Works), Dr. Yavuz Murtezaoglu (Founder and Managing Director, Module Works), Justin Gray, (CTO, Toolpath Labs).(Source: Module Works) — Module Works and Toolpath Labs celebrating their partnership in Aachen, Germany. From left to right: Al Whatmough (CEO, Toolpath Labs), Ben Weber (Head of Corporate Development, Module Works), Dr. Yavuz Murtezaoglu (Founder and Managing Director, Module Works), Justin Gray, (CTO, Toolpath Labs).
(Source: Module Works)

Software company Module Works announced a financial investment in Toolpath Labs, a company leveraging AI to optimize the machining business. The investment is part of a round of strategic investment led by Kennametal and also joined by Leaders Fund.

The investment from Module Works builds on the technology partnership announced between Module Works and Toolpath Labs in September 2024. The funding from this latest round is intended to further accelerate the development and deployment of powerful, AI-driven user-centric solutions for the manufacturing industry. The collaboration aims to deliver automation, intelligent estimation and streamlined workflows to machine shop managers, estimators, planners and CNC programmers, enabling them to work more efficiently and make smarter decisions.

“Deepening our partnership with Toolpath reflects our shared commitment to accelerating innovation in AI-driven manufacturing software,” said Dr. Yavuz Murtezaoglu, Founder and Managing Director of Module Works. “By combining our proven machining technologies with Toolpath’s advanced AI platform, we’re able to deliver powerful solutions into users’ hands faster. This investment naturally extends our mission to advance the manufacturing ecosystem through open collaboration, cross-industry partnerships and software innovation.”

“The industry-leading calibre of these investors underscores that our AI-powered tools bring genuine, immediate value to machining businesses and manufacturers,” said Al Whatmough, Toolpath CEO. “Enabling shops to use modern technology to improve results for their customers, while increasing productivity and profits, is a vision we have in common with all our investors. It’s fantastic to all be rowing in the same direction.”

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