# Toolpath Labs

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/toolpath-labs

- Industry: Software
- Headquarters: Atlanta, US
- Website: www.toolpath.com
- Total disclosed funding: $12M
- Latest round: Seed (Apr 30, 2025)
- Investors on record: 5

## About

Founded in 2021 by Justin Gray, and based in Georgia, US, Toolpath Labs Inc. operates as an AI-enabled platform that conducts intelligent analysis of parts and processes designed to enhance CNC machining productivity. In May 2025, Toolpath Labs, Inc. raised an undisclosed amount of venture funding from Kennametal Inc. Toolpath offers a software platform that utilizes AI to analyze 3D CAD models, identify machining methods, and generate complete CAM programs compatible with Autodesk Fusion. The firm streamlines the workflow for both new and experienced machinists by automating processes such as design for manufacturability (DFM) analysis, cost estimation, and CAM automation. Toolpath offers solutions for machine shop owners and machinists, facilitating prototyping and production of CNC machined parts. The company will use the May 2025 funding to advance its strategic growth programs to bolster its suite of digital capabilities and offerings, develop more products, and implement its go-to-market strategies.

## Funding rounds

- Seed, Apr 30, 2025, $8.6M — Kennametal Inc., Leaders Fund, ModuleWorks GmbH
- Seed, Sep 9, 2024, $3M — BLH Ventures, Tech Square Ventures, Leaders Fund

## Investors

- BLH Ventures (https://capitalatlas.ai/funds/blh-ventures) — Seed
- Tech Square Ventures (https://capitalatlas.ai/funds/tech-square-ventures) — Seed
- Leaders Fund (https://capitalatlas.ai/funds/leaders-fund) — Seed
- Kennametal Inc. — Seed
- ModuleWorks GmbH — Seed