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.
ModuleWorks Strategic Partners
Autodesk Inc., DMG MORI AG, DN Solutions, Kennametal, Mitsubishi Electric Corporation, and PTC Inc.
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.
About ModuleWorks
ModuleWorks is at the forefront of manufacturing software, playing a key role in enabling the efficient production of increasingly complex parts in an environmentally sustainable way. As a strategic partner to leading CAD/CAM vendors, CNC control makers, machine tool builders and cutting tool manufacturers, ModuleWorks develops software that powers solutions throughout the manufacturing industry which contributes to 16% of global GDP worth $16 trillion per year. Founded in 2003, ModuleWorks has grown to over 200 employees and already invested 1,700 person-years of software development in toolpath and simulation technologies that form the core of manufacturing processes. In the CAD/CAM area alone, ModuleWorks has a market share of 90%, enhancing the performance and quality of over 500,000 installed seats of CAD/CAM and CNC software worldwide. With a comprehensive portfolio of cutting-edge software components and the capacity to address emerging and niche technologies like AI, cloud, automation, additive, robotics and digital dentistry, ModuleWorks is committed to shaping the future of digital manufacturing with its partners, empowering the industry to Get There Faster.
About Autodesk
Autodesk is changing how the world is designed and made. Our technology spans architecture, engineering, construction, product design, manufacturing, media and entertainment, empowering innovators everywhere to solve challenges big and small. From greener buildings to smarter products to more mesmerizing blockbusters, Autodesk software helps our customers to design and make a better world for all. For more information, visit autodesk.com or follow @autodesk.
About DMG MORI
DMG MORI is a worldwide leading manufacturer of high-precision machine tools and sustainable technologies that are at the heart of global value chains. In the “Global One Company” more than 12,000 employees are in direct contact with over 100,000 customers from 57 industries. DMG MORI is globally present in 88 countries with 16 production plants, 113 sales and service locations. Integrated automation and end-to-end digitization solutions expand the core business with lathes and milling machines, ultrasonic, lasertec and additive manufacturing. The entire manufacturing know-how from more than 152 years flows into technology excellence for the focus industries Aerospace, Automotive, Die & Mold, Medical and Semiconductor. Customer-oriented services accompany the entire life cycle of a machine tool – including training, repair, maintenance and spare parts service. The strategic fit of automation, digitization and sustainability fits perfectly with DMG MORI’s vision and mission statement: We empower our customers in manufacturing and digitization! We want to be the most attractive machine tool manufacturer worldwide with digital and sustainable products!
About DN Solutions
DN Solutions established in 1976, is a renowned global machine tool company with a diverse product lineup of over 500 types, including turning centers and machining centers. With a network of 155 overseas dealers spanning 66 countries, DN Solutions effectively caters to the diverse demands of customers in various industries such as automotive, aviation, medical services, energy, IT, and construction. DN Solutions’ globally recognized brands like PUMA, Mynx, Lynx, and DNM have gained immense popularity due to their durability, precision, and rigidity. It also provides the DVF and SMX, high-end machines with 5-axis and multi-tasking capability, as well as high-productivity automation solutions and smart manufacturing solutions. All of these offerings work together to solidify the company’s position as an industry leader. DN Solutions leads the global machine tool market by providing software for its own smart machine operation platform, “CUFOS”. For more information about the DN Solutions, please visit: https://www.dn-solutions.com/
About Kennametal Inc.
With over 80 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 8,700 employees are helping customers in more than 60 countries stay competitive. Kennametal generated $2.1 billion in revenues in fiscal 2023. Learn more at www.kennametal.com. Follow @Kennametal: Instagram, Facebook, LinkedIn and YouTube.
About Mitsubishi Electric
From their base in Japan, Mitsubishi Electric has expanded its reach through Asia and beyond to the rest of the world resulting in substantial local and global market shares. Mitsubishi Electric is highly regarded internationally for its efforts to improve quality in every process, whether product development, design or production, as well as in aftermarket service following delivery. With flexible manufacturing processes focused on continuing their legacy and evolving, they provide high-performance, high-quality products that help make their customers more competitive.
For more information about Mitsubishi Electric, please visit: https://www.mitsubishielectric.com/fa/products/cnt/cnc/index.html
About PTC
PTC is a global software company that enables industrial and manufacturing companies to digitally transform how they engineer, manufacture, and service the physical products that the world relies on. Headquartered in Boston, Massachusetts, PTC employs over 7,000 people and supports more than 30,000 customers globally. For more information, please visit www.ptc.com.