Kennametal Inc. announced a strategic investment in Toolpath Labs, an emerging leader in AI-powered computer-aided manufacturing (CAM) software. This partnership supports Kennametal's strategic growth initiatives to expand its digital capabilities and offerings for manufacturing customers globally.
Toolpath's platform integrates artificial intelligence into the CAM process, which optimizes tool selection and toolpath strategies. This technology is designed to enhance efficiency for customers and help overcome industry skill gaps by making advanced toolpath strategies more accessible.
The collaboration aims to create new opportunities for co-development and commercialization of solutions that combine Toolpath's AI-first approach with Kennametal's deep tooling and application engineering expertise. Both companies will work closely on go-to-market strategies, product development, and demand generation initiatives to scale the platform globally.
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