Kennametal(US:KMT) Prnewswireยท2025-05-22 20:30Core Insights - Kennametal Inc. has made a strategic investment in Toolpath Labs, focusing on AI-powered computer-aided manufacturing (CAM) software to enhance its digital capabilities and offerings for manufacturing customers globally [1][2] Company Overview - Kennametal has over 85 years of experience as an industrial technology leader, providing productivity solutions through materials science and tooling [5] - The company generated $2 billion in revenues in fiscal 2024 and employs approximately 8,400 people across nearly 100 countries [5] Partnership Details - The partnership with Toolpath Labs aims to integrate AI into the CAM process, optimizing tool selection and strategies, thereby improving efficiency for customers [3] - Toolpath's software is designed to make advanced toolpath strategies more accessible, addressing industry skill gaps [3] - The collaboration will focus on co-developing and commercializing solutions that leverage Toolpath's AI capabilities alongside Kennametal's tooling expertise [4] Strategic Goals - The partnership is part of Kennametal's digital transformation journey, enhancing application engineering expertise through intuitive software [2] - Both companies aim to bridge human expertise and digital intelligence to deliver measurable performance improvements on the shop floor [4] - The collaboration will involve joint efforts in go-to-market strategies, product development, and demand generation initiatives to scale Toolpath's platform globally [4]