Kennametal (KMT) has made a strategic investment in Toolpath Labs, an emerging company in AI-powered computer-aided manufacturing software. The new partnership supports Kennametal’s strategic growth initiatives to expand its suite of digital capabilities and offerings to better serve manufacturing customers worldwide. The new partnership supports Kennametal’s strategic growth initiatives to expand its suite of digital capabilities. Toolpath’s software integrates AI into the CAM process, optimizing tool selection and toolpath strategies. The partnership will create new opportunities to co-develop and commercialize solutions that combine Toolpath’s AI-first approach with Kennametal’s deep tooling and application engineering expertise. The two companies will collaborate closely on go-to-market strategies, product development and demand generation initiatives as they work together to scale Toolpath’s platform globally.
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