LimitlessCNC Aims to Revolutionize Manufacturing with AI
Deal News | Mar 18, 2025 | PR Newswire Cision LimitlessCNC
LimitlessCNC, an AI-driven startup based in Tel Aviv, has secured $4.1 million in seed funding from Grove Ventures and Meron Capital. The company is developing AI agents designed to transform the CNC machining industry, which is currently valued at over a trillion dollars. This industry faces significant challenges due to labor shortages and the need to move production back to Western countries amidst geopolitical tensions. LimitlessCNC's technology leverages physics-based AI to enhance and automate CNC programming, reducing the programming time by up to 80%. This innovation allows manufacturers to cut down on production delays and costs, even amidst a declining pool of skilled machinists. The startup was founded by David Priev, Assaf Peleg, and Shahaf Finder. Their collaboration emerged from a need to address inefficiencies in CNC programming exposed during Israel's conflicts. The company's platform integrates easily with existing CAM software and is already being employed by a Tier-1 manufacturer. LimitlessCNC plans to expand its R&D and global market presence, aiming to usher in an era of AI-driven manufacturing across diverse industrial sectors.
Sectors
- Manufacturing
- Artificial Intelligence
Geography
- Israel – LimitlessCNC is based in Tel Aviv, Israel, where its founding team conceived its AI-driven solution.
- Western Hemisphere – The article discusses efforts to bring manufacturing back to Western countries, highlighting geopolitical implications.
Industry
- Manufacturing – The article focuses on LimitlessCNC's impact in the CNC machining industry, a critical segment of the manufacturing sector.
- Artificial Intelligence – LimitlessCNC is leveraging AI technology to optimize CNC machining processes, showcasing the role of AI in revolutionizing traditional industries.
Financials
- $4.1M – The seed funding amount raised by LimitlessCNC from Grove Ventures and Meron Capital.
Participants
Name | Role | Type | Description |
---|---|---|---|
LimitlessCNC | Target Company | Company | An AI-driven manufacturing startup aiming to revolutionize CNC machining. |
Grove Ventures | Investor | Company | A venture capital firm that led the $4.1M seed funding round. |
Meron Capital | Investor | Company | A venture capital firm investing in LimitlessCNC's seed funding round. |
David Priev | Co-Founder & CEO | Person | CEO and Co-Founder of LimitlessCNC, with a background in defense technologies and AI. |
Assaf Peleg | Co-Founder & CTO | Person | CTO and Co-Founder of LimitlessCNC, specializing in AI and precision manufacturing. |
Shahaf Finder | Co-Founder & Chief Scientist | Person | Chief Scientist and Co-Founder of LimitlessCNC, contributing to the AI-driven technological advancements. |
Lior Handelsman | General Partner at Grove Ventures | Person | Provided a quote emphasizing the importance of AI in manufacturing. |