Kennametal Announces Strategic Investment in CAM AI Software Leader Toolpath Labs to Advance Intelligent Machining

PITTSBURGH, May 22, 2025 /PRNewswire/ -- Kennametal Inc. (NYSE: KMT) today announced that it has made a strategic investment in Toolpath Labs, an emerging leader in AI-powered computer-aided manufacturing (CAM) 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.

"This partnership represents another bold step in our digital transformation journey," said Dr. Carlonda Reilly, VP & Chief Technology Officer. "Toolpath's platform amplifies our industry-leading application engineering expertise through its intuitive, intelligent software. It's a smart, scalable solution that brings the power of AI right to the shop floor in a practical and impactful way."

Toolpath's software integrates AI into the CAM process, optimizing tool selection and toolpath strategies. This technology unlocks efficiency for customers and empowers them to overcome industry skill gaps by making advanced toolpath strategies and application engineering more accessible. 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.

"Toolpath represents a compelling opportunity for us to extend what we do best—application expertise and advanced tooling—to a broader audience of customers," said Dave Bersaglini, President of Metal Cutting. "Together, we're building a bridge between human expertise and digital intelligence to deliver measurable performance improvements on the shop floor."

"Kennametal, a company with deep roots in American manufacturing, is an ideal partner for us not only because of its tooling expertise, but because of our deeply personal shared vision of empowering machinists and transforming the manufacturing world with practical AI," said Al Whatmough, CEO of Toolpath. "This is more than business for both of us. It's personal. Together, we're combining advanced software with real-world application and machining knowledge, creating scalable solutions that address workforce challenges, and drive meaningful performance gains that will redefine our industry."

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.

About Kennametal
With over 85 years as an industrial technology leader, Kennametal Inc. delivers productivity to customers through materials science, tooling and wear-resistant solutions. Customers across aerospace and defense, earthworks, energy, general engineering and transportation turn to Kennametal to help them manufacture with precision and efficiency. Every day approximately 8,400 employees help customers in nearly 100 countries stay competitive. Kennametal generated $2 billion in revenues in fiscal 2024. Learn more at kennametal.com. Follow @Kennametal: Instagram, Facebook, LinkedIn and YouTube.

About Toolpath
Toolpath is an AI-focused start-up focused on new solutions for the manufacturing industry. Our mission is to help manufacturers achieve greater efficiency and profitability through the practical application of artificial intelligence, machine learning, and decades of real-world experience.

SOURCE Kennametal Inc.