Limitless Labs, formerly LimitlessCNC, has raised $20 million in a Series A round led by Dell Technologies Capital and Square Peg, with participation from Grove Ventures, Meron Capital and Kinetica. The company said the financing brings its total funding since inception to $27.3 million.
Founded in 2024 by CEO David Fraib, CTO Assaf Peleg and chief scientist Shahaf Pinder, Limitless Labs develops an AI platform for mechanical manufacturing, focused on computer-aided design and production of precision parts. Its system is built on an AI model trained on the physics of metal cutting, the geometry of design files and the real-world limits of industrial machines.
The model powers an AI agent that works inside the existing tools used by manufacturing engineers and CNC programmers. After a design file is loaded into CAM software, the agent analyzes the part geometry against the target machine’s constraints and plans the full production process, from choosing cutting tools to generating toolpaths under optimal cutting conditions. The company says this can cut programming time by up to 50%.
Since its seed round, the startup has moved from early pilots to active production projects with advanced companies in aerospace, defense and automotive, including Blue Origin, Cadillac F1 and ISCAR. It also signed partnerships with Cimatron, part of Sandvik, whose CAD/CAM software has about 30,000 active users worldwide.
The new money will fund expansion in the United States, further development of the AI model toward full CNC automation, and growth of the Tel Aviv development center. The company expects to double its headcount over the next year. Fraib said, "When we launched the company after the seed round, we believed the next wave of enterprise AI would not be in text, code or video, but in the physical manufacturing world. 14 months later we are already working with some of the most advanced manufacturers in the defense, aerospace and automotive industries."
