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 Call Rail (overlapped)
×5knows the team · via Call Rail
×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.
AP
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.
JG
Justin GrayNamed on SEC filing
MA
Mark Andrew PowellNamed on SEC filing
Board
SD
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.
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Companies working in the same space as Toolpath Labs.
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.