ModuleWorks, a leading innovator in toolpath generation and simulation technology for digital manufacturing, announces the successful closure of its Strategic Partner Program (SPP) investment round.
This marks a significant milestone in the company’s history, with industry leaders in the areas of CAD/CAM, CNC controls, machine tools and cutting tools joining the program as minority shareholders in ModuleWorks.
Investing partners include Autodesk Inc., DMG MORI AG, DN Solutions, Kennametal, Mitsubishi Electric Corporation and PTC Inc. among others.
Dr. Yavuz Murtezaoglu, Founder and Managing Director of ModuleWorks, expressed his enthusiasm: “We embarked on this journey with a vision to accelerate digital transformation in manufacturing while maintaining our position of neutrality and independence. The successful closing of the SPP is a testament to our mission and the trust placed in us by our Strategic Partners: these are successful, billion-dollar organizations representing key links in the digital manufacturing chain. This achievement enables us to intensify our research and development, increasing our commitment to develop next generation software for manufacturing. In addition, it will enable us and our investors to develop a joint vision for the future of manufacturing.”
The Strategic Partnership Program was initiated with a clear focus: to invite key technology partners to invest in ModuleWorks and, by doing so, join forces in shaping the future of manufacturing. The range of investors not only represents the key stakeholders in digital manufacturing, but also includes multiple organizations from each area, emphasizing ModuleWorks’ commitment to neutrality and independence. The investment will mainly be used to increase ModuleWorks’ Research & Development capacity with the objective of accelerating digital transformation in manufacturing by focusing on four key areas: CAM & CNC automation, advanced additive manufacturing, cloud computing and robotics. In addition, it is expected that some of the investment may be used for strategic acquisitions.
With the closure of this strategic investment round, ModuleWorks is on target for an accelerated path of innovation, reinforcing its position as a global leader in the provision of toolpath and simulation components for digital manufacturing systems.
