Fundraising Fox
Toolpath Labs
Bedford Heights, US · Founded 2021 · 11 employees on LinkedIn · 4 known investors
Find your way into Toolpath Labs
108 people in our graph share verified history with the Toolpath Labs team — schools, employers, funds. One of them is your warm intro.
Dean Nelsonunlockedknows Andy Powell · together at CallRail (overlapped)
×5knows the team · via CallRail
×6knows the team · via Georgia Institute of Technology
Toolpath makes CNC machining software, including a Fusion add-in, tool libraries with a search tool for shop-language queries, an AI agent for machining tasks, and a toolpath generation engine for CAM workflows. It serves machinists and CNC programmers.
Founders & leadership
Toolpath Labs was founded in 2021 by Andy Powell.
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Andy PowellCEO & Co-founderAndy Powell is co-founder and CEO of Toolpath, which makes CNC machining software for shops. Previously, he founded and led CallRail as CEO from 2011 to 2021, and holds a degree in Industrial and Systems Engineering from Georgia Tech.
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Al WhatmoughExecutive
JG
Justin GrayNamed on SEC filing
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Mark Andrew PowellNamed on SEC filing
Board
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Stephen DeBaccoBoard director
Investors · 4
Also in the syndicate · 1
Kennametallead
Funding
SEC filings, press & company announcements$25.6M disclosed across 5 of 6 rounds · 2022–2025
- Undisclosed amountStrategic Investment RoundMay 2025
Kennametal (lead)
Source ↗ - $10MSeedSep 2024 · 2 sourcesSource ↗
▶$5.7MraisedMay 2025 · 3 investors · OtherRule 506(b)
▶$5.7MraisedMay 2025 · 3 investors · Other
Rule 506(b)Officers, directors & promoters on the filing
- Stephen DeBaccoDirector
- John SaundersDirector
- Mark PowellDirector
- Justin GrayDirector
- Al WhatmoughExecutive Officer, Director
- Offering amount
- $7.7M
- Amount sold
- $5.7M
- First sale
- Apr 2025
- Incorporated
- Corporation, Delaware, 2021
- Federal exemptions
- 06b
▶$913.5KraisedJan 2025 · 4 investors · Other TechnologyRule 506(b)
▶$913.5KraisedJan 2025 · 4 investors · Other Technology
Rule 506(b)Officers, directors & promoters on the filing
- Justin GrayExecutive Officer, Director
- John SaundersDirector
- Stephen DebaccoDirector
- Al WhatmoughExecutive Officer, Director
- Mark PowellExecutive Officer, Director
- Offering amount
- $913.5K
- Amount sold
- $913.5K
- First sale
- Jan 2025
- Incorporated
- Corporation, Delaware, 2021
- Federal exemptions
- 06b
▶$3MraisedAug 2024 · 14 investors · OtherRule 506(b)
▶$3MraisedAug 2024 · 14 investors · Other
Rule 506(b)Officers, directors & promoters on the filing
- Stephen DeBaccoDirector
- Justin GrayExecutive Officer, Director
- Al WhatmoughExecutive Officer
- Mark Andrew PowellExecutive Officer, Director
- Offering amount
- $3M
- Amount sold
- $3M
- First sale
- Aug 2024
- Incorporated
- Corporation, Delaware, 2021
- Federal exemptions
- 06b
▶$6MraisedAug 2022 · 14 investors · OtherRule 506(b)
▶$6MraisedAug 2022 · 14 investors · Other
Rule 506(b)Officers, directors & promoters on the filing
- Mark Andrew PowellExecutive Officer, Director
- Justin GrayExecutive Officer, Director
- Stephen DeBaccoDirector
- Offering amount
- $6M
- Amount sold
- $6M
- First sale
- May 2022
- Incorporated
- Corporation, Delaware, 2021
- Federal exemptions
- 06b
Source: SEC EDGAR Form D. Amounts as filed; amended filings shown once at their latest values.
Competitors · 4
by search overlapAutodesk101 shared keywordsAutodesk is a publicly traded developer of design, engineering, and entertainment software, best known for AutoCAD.
Atlas 3D65 shared keywordsSiemens provides industrial products, services and software spanning the industrial lifecycle, using AI, simulation and smart technologies for digital transformation. Its offerings include building operations management and modular, interoperable solutions for enterprise and industrial customers.
Axeda49 shared keywordsDigital transformation company that pioneered parametric feature-based modeling software for mechanical design and engineering (CAD).
Fictiv47 shared keywordsFictiv provides a cloud-based platform for managing custom manufacturing parts, projects, and team collaboration, serving engineering and manufacturing teams. The platform centralizes parts libraries, order management, and integrates with enterprise procurement systems to streamline sourcing and production workflows.
Companies competing with Toolpath Labs for the same Google search keywords, organic and paid, via search-intersection analysis.
In the news
Frequently asked questions
- What does Toolpath Labs do?
- Toolpath makes CNC machining software, including a Fusion add-in, tool libraries with a search tool for shop-language queries, an AI agent for machining tasks, and a toolpath generation engine for CAM workflows. It serves machinists and CNC programmers.
- Who founded Toolpath Labs?
- Toolpath Labs was founded by Andy Powell in 2021.
- Who are Toolpath Labs's investors?
- Toolpath Labs's investors include BLH Venture Partners, LLC, Service Provider Capital, Tech Square Ventures.
- How much funding has Toolpath Labs raised?
- Toolpath Labs has disclosed $25.6M raised across 5 of its 6 known rounds.
- Where is Toolpath Labs headquartered?
- Toolpath Labs is headquartered in Bedford Heights, US.