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CNC Machine Tools Market to Grow by USD 21.9 Billion (2025-2029), Boosted by Rising Demand for High-Precision, Multi-Axis Machining Centers, with AI Driving Evolution – Technavio

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NEW YORK, Feb. 10, 2025 /PRNewswire/ — Report on how AI is driving market transformation – The global cnc machine tools market size is estimated to grow by USD 21.9 billion from 2025-2029, according to Technavio. The market is estimated to grow at a CAGR of  5.4%  during the forecast period. Rising demand for high-precision and multi-axis machining centers in various industries is driving market growth, with a trend towards technological advancements cnc machine tool technology. However, high initial investments in cnc machine tools  poses a challenge. Key market players include Amada Co. Ltd., ANCA Pty Ltd., Andritz AG, Bendable Technology Solutions Pvt. Ltd., Chiron Group SE, DMG MORI Co. Ltd., EMAG GmbH and Co. KG, FANUC Corp., Gebr. Heller Maschinenfabrik GmbH, General Technology Group Dalian Machine Tool Co. Ltd., GF Machining Solutions AG, Haas Automation Inc., Hurco Companies Inc., Hwacheon Machine Tool Co Ltd, INDEX Werke GmbH and Co. KG Hahn and Tessky, JTEKT Machinery Americas Corp., Kitamura Machinery Co. Ltd., Makino Inc., Mills CNC Ltd., Mitsui Seiki Kogyo Co. Ltd., Okuma Corp, Phillips Machine Tools India Pvt. Ltd., and Yamazaki Mazak Corp..

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CNC Machine Tools Market Scope

Report Coverage

Details

Base year

2024

Historic period

2019 – 2023

Forecast period

2025-2029

Growth momentum & CAGR

Accelerate at a CAGR of 5.4%

Market growth 2025-2029

USD 21.9 billion

Market structure

Fragmented

YoY growth 2022-2023 (%)

5.1

Regional analysis

APAC, Europe, North America, South America, and Middle East and Africa

Performing market contribution

APAC at 39%

Key countries

China, US, Germany, Japan, India, Italy, South Korea, UK, France, and Brazil

Key companies profiled

Amada Co. Ltd., ANCA Pty Ltd., Andritz AG, Bendable Technology Solutions Pvt. Ltd., Chiron Group SE, DMG MORI Co. Ltd., EMAG GmbH and Co. KG, FANUC Corp., Gebr. Heller Maschinenfabrik GmbH, General Technology Group Dalian Machine Tool Co. Ltd., GF Machining Solutions AG, Haas Automation Inc., Hurco Companies Inc., Hwacheon Machine Tool Co Ltd, INDEX Werke GmbH and Co. KG Hahn and Tessky, JTEKT Machinery Americas Corp., Kitamura Machinery Co. Ltd., Makino Inc., Mills CNC Ltd., Mitsui Seiki Kogyo Co. Ltd., Okuma Corp, Phillips Machine Tools India Pvt. Ltd., and Yamazaki Mazak Corp.

Market Driver

The CNC machine tool market is experiencing significant growth due to the increasing demand for mass manufacturing and mass customization in various industries. CNC lathes, drills, milling tools, grinders, and cutting tools are popular choices for precision manufacturing. CNC technology, aided by computerized control systems and industrial automation, is driving this trend. New technologies like microchip control, smart gadgets, CAD, CAM, and edge computing are transforming the machine tool industry. Sectors like automotive, electronics, aerospace & defense, power & energy, construction equipment, and medical devices are major consumers of CNC systems and industrial automation systems. Technological advancements, such as artificial intelligence (AI), automated inspection equipment, image processing technology, and real-time data access, are enhancing productivity and safety. Efficiency, multi-axis capabilities, spindle speeds, advanced tooling options, and real-time monitoring systems are key features of CNC machines. Semiconductor manufacturing equipment, used CNC machines, and industrial robots are also in high demand. Human error and labor costs are being minimized through data-driven optimizations and adaptive machining. Industries like transport machinery, hybrid machinery, electrical equipment, and consumer goods are also benefiting from CNC technology. Regulatory considerations, such as energy efficiency and safety sensors, are essential factors in the adoption of CNC machines. Investment in IoT, cloud computing, and real-time information access is shaping the future of the CNC machine tool market. 

CNC machine tools have undergone significant technological advancements, revolutionizing the global market. These innovations have brought about increased precision, efficiency, and automation in manufacturing processes. One major advancement is the integration of advanced control systems and software solutions, which enhance accuracy and repeatability in machining operations. This leads to tighter tolerances and superior surface finishes, benefiting various industries. Furthermore, user-friendly interfaces simplify machine operation and programming, decreasing setup times and boosting overall productivity. 

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 Market Challenges

The machine tool industry is experiencing significant growth due to the increasing demand for CNC machine tools in mass manufacturing and mass customization. CNC lathes, drills, milling tools, grinders, and cutting tools are essential industrial devices used in various sectors like automotive, electronics, and aerospace & defense. CNC technology, a computerized control system, enables high precision and productivity. Industrial automation systems, including CNC systems and industrial robots, are key drivers. New technologies like artificial intelligence (AI), automated inspection equipment, and image processing technology are transforming the industry. Challenges include human error, labor costs, and efficiency. Multi-axis capabilities, spindle speeds, advanced tooling options, and real-time monitoring systems are crucial for complex machining products. Semiconductor manufacturing equipment, telecom communication devices, electric vehicles (EV), and medical devices require high precision and energy efficiency. Used CNC machines offer cost-effective solutions. Regulatory considerations are essential in industries like power & energy and construction equipment. Bantam Tools, Desktop CNC, servo motors, and laser machines are new trends. Investment in IoT, cloud computing, and smart devices is shaping the future of machine tools.The global CNC machine tools market faces a substantial challenge due to the high initial investments required for purchasing and implementing these advanced manufacturing technologies. This barrier particularly affects small and medium-sized enterprises (SMEs), limiting their adoption of CNC milling machines, CNC lathes, CNC routers, and CNC plasma cutters, or high-end laser cutting machines. The costs associated with acquiring these machines, including the machinery itself, tooling, software, and employee training, can range from a few thousand dollars for entry-level models to over a million dollars for high-end, multi-axis machines. These significant investments hinder market growth and limit the advancement of manufacturing processes for numerous organizations. For instance, CNC mills range in price from USD3,000 to USD300,000, while CNC lathes can cost between USD10,000 and USD500,000. CNC routers and plasma cutters follow similar pricing structures, with entry-level models starting at USD5,000 and high-end versions priced above USD100,000 for both. CNC laser cutters have an even wider price range, with entry-level machines starting at USD20,000 and high-end models costing over USD200,000. Despite these costs, the benefits of CNC machine tools, such as increased precision, efficiency, and productivity, make them a valuable investment for manufacturing industries.

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Segment Overview 

This cnc machine tools market report extensively covers market segmentation by  

ProductCNC Lathe MachinesCNC Milling MachinesOthersEnd-userAutomotiveIndustrial MachineryPrecision EngineeringTransportationOthersGeographyAPACEuropeNorth AmericaSouth AmericaMiddle East And Africa

1.1 CNC lathe machines-  The CNC lathe machines segment holds a substantial position in the global CNC machine tools market. These machines are essential for manufacturing precise and intricate components in various industries, including automotive, aerospace, manufacturing, and medical device production. CNC lathe machines offer versatility and accuracy, making them indispensable for producing components like shafts, screws, bolts, and cylindrical parts. The demand for automation and precision in manufacturing processes is driving the growth of the CNC lathe machines segment. Industries aim for increased productivity, efficiency, and quality, making CNC lathe machines a crucial investment. Technological advancements have integrated multi-axis control, live tooling, and automatic part loading into these machines, expanding their capabilities. Manufacturers can now undertake more complex machining operations, leading to increased demand for CNC lathe machines. Additionally, their continuous operation with minimal human intervention results in improved output and reduced errors. The adoption of CNC lathe machines in emerging economies, as they modernize their manufacturing infrastructure, is further fueling market growth. Overall, the advantages of CNC lathe machines, such as automation, precision, and versatility, will continue to drive their adoption among end-users, propelling the growth of the CNC lathe machines segment in the global CNC machine tools market.

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Research Analysis

The CNC machine tools market encompasses a range of advanced machinery, including CNC lathes, drills, milling tools, grinders, and cutting tools. These machine tools utilize Microchip technology for high precision complex machining products, catering to industries such as automotive and electronics. Technological advancements continue to drive growth in the machine tool industry, with new technologies like artificial intelligence (AI) and real-time monitoring systems enhancing efficiency and reducing human error. Multi-axis capabilities, spindle speeds, and advanced tooling options are key features that distinguish modern CNC machine tools. Labor costs and efficiency remain critical factors, making new technologies like adaptive machining and real-time monitoring systems increasingly important for manufacturers seeking to optimize their operations.

Market Research Overview

The CNC machine tools market encompasses a range of industrial devices, including CNC lathes, drills, milling tools, grinders, and cutting tools, that utilize Computerized Numerical Control (CNC) technology for mass manufacturing and mass customization. CNC technology, a key driver of precision and efficiency, integrates computerized control systems, industrial automation, and smart gadgets into machine tools. New technologies such as artificial intelligence (AI), automated inspection equipment, image processing technology, edge computing, and autonomous grinders are revolutionizing the machine tool industry. CNC systems and industrial automation systems are essential in various sectors, including automotive, electronics, power & energy, aerospace & defense, construction equipment, and medical devices. Technological advancements in CNC machines offer multi-axis capabilities, high precision, energy efficiency, and real-time data access. Semiconductor manufacturing equipment, telecom communication devices, electric vehicles, and laser machines are also part of the CNC machine tools market. The market is influenced by factors like human error, labor costs, efficiency, and regulatory considerations. Used CNC machines and simulation software are also significant components of the market.

Table of Contents:

1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation

ProductCNC Lathe MachinesCNC Milling MachinesOthersEnd-userAutomotiveIndustrial MachineryPrecision EngineeringTransportationOthersGeographyAPACEuropeNorth AmericaSouth AmericaMiddle East And Africa

7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

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PRC-Saltillo Acquires Ner Chat, Bringing Minspeak® Symbols to Glint Visual Support Platform

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Acquisition brings together AAC expertise and school-focused innovation, with plans to add familiar Minspeak symbols to Glint and help educators and clinicians spend more time supporting communication.

WOOSTER, Ohio, Oct. 22, 2026 /PRNewswire/ — PRC-Saltillo, a global leader in augmentative and alternative communication (AAC), today announced the acquisition of Ner Chat, creator of Glint, a visual-support creation platform that helps educators and specialists turn hours of visual-support preparation into seconds.

The acquisition brings together two organizations with a shared mission: making communication support easier to create, easier to implement, and more accessible for the individuals who rely on it every day.

As an initial collaboration, the organizations are working to bring PRC-Saltillo’s Minspeak® symbols to Glint; the familiar symbols used in LAMP Words for Life® and Unity® AAC apps, as well as Minspeak-based systems on Genesis®, NovaChat®, Accent®, and Via® devices.

For teams supporting a child who uses a Minspeak-based AAC system, the planned addition will create a simpler path to building visual supports and lite-tech backup AAC with familiar symbols. Educators and clinicians will be able to create classroom activity boards, visual schedules, choice-making materials, and communication supports using the symbols many learners already know through LAMP Words for Life, Unity, and other Minspeak-based systems.

Founded in 2024 by Dylan Makani and Scott Soifer, Ner Chat created Glint to make assistive technology easier to bring into schools. Glint gives educators, therapists, and support teams a fast way to create personalized visual supports from simple text prompts, turning hours of manual creation into seconds so more time can be devoted to supporting learners and communication.

PRC-Saltillo brings six decades of AAC leadership to the partnership. As the company celebrates its 60th anniversary in 2026, the acquisition reflects its continued commitment to supporting communicators, families, clinicians, and educators through innovative communication solutions and implementation support.

“Our history is built on relationships with people who use AAC and the families, educators, and clinicians supporting them. Those teams tell us what they need. We want to make it easier to create useful materials with the symbols a child already knows and spend more time supporting communication,” said Sarah Wilds, CEO of PRC-Saltillo.

Glint already creates schedules, social narratives, communication boards, and other visual supports from text prompts, with options for QR-code sharing in more than 50 languages. Adding Minspeak symbols will help connect that creation process with the communication tools children and their teams already use.

“We built Glint to help educators and therapists turn their ideas into visuals without spending hours preparing materials,” said Dylan Makani, Co-Founder & CEO of Ner Chat. “Working with PRC-Saltillo brings deep AAC experience to that goal. We’re excited to help teams create supports with familiar symbols, personalize them for each learner and get back to supporting communication.”

The companies plan to demonstrate a beta featuring Minspeak symbols in Glint at the Closing The Gap Conference, with customer availability to follow. This marks the first collaboration between the two organizations, with additional innovations planned for the future.

While Ner Chat is now part of the PRC-Saltillo community, Glint will continue to operate under its existing brand identity. Together, the companies are working toward a straightforward goal: familiar tools, easier preparation, and more opportunities for children to communicate and participate throughout their day.

About PRC-Saltillo

Founded in 1966, PRC-Saltillo is a pioneer and global leader in augmentative and alternative communication (AAC) technology for individuals with complex communication needs. The company offers a full range of speech-generating devices, industry-leading AAC apps, and research-based vocabulary systems. PRC-Saltillo is 100% employee-owned and headquartered in Wooster, Ohio, with subsidiaries in the United Kingdom, Australia, Canada, Germany, Singapore, and India.

About Glint

Glint helps educators and specialists create the visual supports their learners need, communication boards, visual schedules, social narratives, and more, in seconds instead of hours. No design skills, no starting from scratch, no late nights. Just the right visual, ready when you need it. Founded in 2024 by Dylan Makani and Scott Soifer and headquartered in New York, Glint supports tens of thousands of educators across hundreds of school districts. Learn more at nerchat.com.

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RemoteThreat Expands Executive Leadership Team with Appointment of Joe Castellanos as Vice President of Product and Taylor Pettis as Vice President of Marketing

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Veteran product and marketing leaders from Bugcrowd and SOCRadar join after RemoteThreat emerged from stealth with the O/C/O Platform and $7 million in pre-seed funding

FULTON, Md., Oct. 22, 2026 /PRNewswire/ — RemoteThreat, the AI-enabled offensive cyber operations company, today announced the expansion of its executive leadership team with the appointments of Joe Castellanos as Vice President of Product and Taylor Pettis as Vice President of Marketing. The two executives join founders Chris Thompson, Chief Executive Officer, and Shawn Jones, Chief Technology Officer, along with Rob McCall, Chief Operating Officer, as the company accelerates deployment of the O/C/O Platform, the first commercial, fully integrated, end-to-end platform for offensive cyber operations.

The appointments come just weeks after RemoteThreat emerged from stealth with $7 million in pre-seed funding led by Osage University Partners and DataTribe, a strategic advisory partnership with The Nakasone Group, and membership in USSOCOM’s Special Operations Forces Rapid Acquisition Consortium for Emerging Requirements (SOF RACER). Castellanos will lead product vision and roadmap for the O/C/O Platform. Pettis will lead global marketing strategy and growth initiatives to establish RemoteThreat as a globally recognized leader in offensive cybersecurity.

“We are building the most sophisticated offensive cyber operations platform in the market today, and that requires an experienced leadership team that can execute. Joe and Taylor bring the background and skillsets we need to operate in this space,” said Chris Thompson, Co-Founder and CEO of RemoteThreat. “While we launched just a few weeks ago, our team and the market are already moving at a pace that requires relentless execution. Joe has taken products from concept to significant revenue at some of the most demanding companies in security and identity. Taylor has built the brands behind multiple high-growth technology companies. Together they give us the product and go-to-market leadership to turn that momentum into category leadership.”

Joe Castellanos, Vice President of Product

Castellanos is an enterprise product executive with more than 15 years of experience building and scaling cybersecurity products. He spent the first half of his career on the defensive side of security, launching Entra ID Governance at Microsoft, leading Salesforce’s internal identity governance platform, and launching Okta DynamicScale. Along the way, he watched organizations pour huge budgets into security controls with no way of knowing whether they would hold up against a real adversary. That led him to offensive security, first at AppOmni, where he launched AppOmni Discovery, and then at Bugcrowd, where he led the entire product portfolio, including its expansion into AI penetration testing with Pathseeker. He has brought multiple products from concept to significant revenue scale and led high-performing product teams at startups and global technology organizations. He has presented at Microsoft Ignite and Oktane.

At RemoteThreat, Castellanos leads the company’s product strategy and development, shaping solutions that advance offensive cyber operations and deliver measurable value to enterprise red teams, government mission teams, and defense partners.

“Red teams are being asked to emulate adversaries whose capabilities evolve faster than the tools built to model them. RemoteThreat is the first company I have seen answer that with an integrated platform instead of another point tool,” said Castellanos. “The founders have spent their careers running the kinds of operations this platform is built for. My job is to make sure the O/C/O Platform keeps pace with what those operators need next, and that we ship it faster than anyone expects.”

Taylor Pettis, Vice President of Marketing

Pettis is a global marketing executive with more than 20 years of experience helping early-stage and private equity-backed technology companies accelerate growth, build market leadership, and scale for long-term success. Throughout his career, he has guided multiple organizations through critical growth phases, including cybersecurity companies Code42, Intel 471, and SOCRadar. His expertise spans demand generation, product marketing, brand strategy, go-to-market execution, and building high-performing marketing organizations.

As Vice President of Marketing, Pettis leads RemoteThreat’s global marketing strategy and growth initiatives, focused on establishing RemoteThreat as a world-renowned cybersecurity brand while scaling the business for meaningful and sustainable growth.

“RemoteThreat has the three things every marketer wants and almost never gets at once: a category that is being defined in real time, a product that is years ahead of the market, and founders who are the most credible voices in it,” said Pettis. “The company’s launch out of stealth showed how quickly this team moves. My focus is on making sure every red team leader, mission owner, and defense partner knows RemoteThreat is the name in offensive cyber operations.”

A Team Built to Outpace the Adversary

Castellanos and Pettis join a leadership team of offensive security veterans. Thompson and Jones founded RemoteThreat after decades of building and leading adversary simulation teams, developing malware and offensive tooling, and executing red team operations against defense targets, nuclear power plants, critical infrastructure providers, and some of the world’s largest financial institutions. McCall joined after years of venture investing in early-stage cybersecurity and AI startups, he most recently led customer success and support at Randori (acquired by IBM), one of the first Continuous Automated Red Team (CART) vendors.

“The gap between what AI-enabled adversaries can do and what red teams can emulate is widening every month. Closing it is an engineering problem and a product problem,” said Shawn Jones, Co-Founder and CTO of RemoteThreat. “Joe has shipped products operators actually adopt, in environments where the bar is unforgiving. Having that discipline alongside our research and engineering teams means the platform gets better at the speed our customers need.”

“In the weeks since launch, demand from enterprise red teams and mission teams has outpaced even our own projections,” said Rob McCall, Chief Operating Officer of RemoteThreat. “Scaling to meet that demand without losing the precision our customers expect is the job in front of us. Joe and Taylor bring the operating rigor and the growth playbooks to do it. This is the team that takes RemoteThreat from a launch to a category leader.”

Building on Launch Momentum

RemoteThreat emerged from stealth earlier this month with the launch of the O/C/O Platform, which brings eight connected systems into one operational picture to plan, execute, and adapt offensive cyber operations: mission planning, native command-and-control (C2), implants, initial-access frameworks, advanced capabilities, obfuscation pipelines, analysis engines, and AI-assisted operation. AI-enabled and built for expert operators, the platform equips enterprise and critical infrastructure red teams to emulate sophisticated adversaries and outpace frontier model advancements in cyber capabilities, while enabling U.S. government mission teams and vetted defense partners to conduct offensive cyber operations at mission speed.

Since launch, the company has announced $7 million in pre-seed funding led by Osage University Partners and DataTribe, a strategic advisory partnership with The Nakasone Group, founded by retired four-star U.S. Army General Paul M. Nakasone, former director of the National Security Agency and commander of U.S. Cyber Command, membership in USSOCOM’s SOF RACER consortium, and a capability integration partnership with Talon Defense. The company is actively hiring senior operators, researchers, and engineers across its offensive capability, platform, and go-to-market teams.

The O/C/O Platform is available now to qualified enterprise, U.S. government, and vetted defense industry customers. To request access or schedule a briefing, visit remotethreat.com.

About RemoteThreat

RemoteThreat is the offensive cyber operations platform. Built by experienced offensive operators for internal red teams and defense industry partners, it combines deep capability, precise control, and human-machine operation at mission speed. RemoteThreat. The O/C/O Platform. Learn more at remotethreat.com.

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Mission North Joins Forces with cred to Lead New Era of Thought Leadership and Live Events

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Acquisition expands Mission North’s capabilities in executive positioning, thought leadership and live eventscred will retain its brand and operate independently under founder and CEO Caitlin Bartley

SAN FRANCISCO and NEW YORK, Oct. 22, 2026 /PRNewswire/ — Mission North, a communications agency for consequential companies, today announced it has acquired cred, a communications agency specializing in thought leadership and events for innovation brands.

Mission North acquires cred, expanding its executive positioning, thought leadership and live events capabilities.

cred builds thought leaders by securing earned speaking opportunities on the world’s most important stages and producing experiences from intimate VIP dinners to large-scale conferences. cred’s clients include high-growth startups, Fortune 500 companies and investors across the same segments Mission North serves, including B2B and consumer technology, AI, healthcare and financial services. The partnership deepens and expands Mission North’s capabilities in executive positioning, thought leadership and live events at a moment when earned, in-person visibility matters more than ever.

“In a world of endless content, real relationships matter more than ever, and those are built in rooms and on stages, not just in feeds,” said Mission North’s Co-CEOs Bill Bourdon and Tyler Perry. “Caitlin and the cred team are the best in the business at making that happen. As AI reshapes how we communicate, the companies that win will be the ones that show up in person.”

AI has made it easy to generate infinite content, but much harder to build trust. Whether it’s an executive on stage, a customer dinner, a flagship conference or a strategic industry convening, events build the relationships and trust other channels can’t match. Together, Mission North and cred will give clients integrated thought leadership and event capabilities to elevate their executives and brands across earned media, speaking, podcasts, owned events and social content.

“cred has grown on the strength of our work and the relationships we’ve built over the last decade,” said Caitlin Bartley, CEO, cred. “Mission North is the clear partner to help us go further. This partnership lets us bring our approach to more companies who see the value of live experiences, and do it while doubling down on what’s always set us apart: our people and our clients.”

cred will retain its brand and operate under its existing leadership, with strategic backing from Mission North. Bartley will continue to serve as CEO of cred, partnering closely with Mission North’s leadership team to build, market and deliver new client solutions.

About cred
cred is a communications agency specializing in thought leadership and events for innovation brands. The agency positions executives and secures speaking engagements on stages like SXSW, HumanX and Milken, and produces experiences from VIP dinners to large-scale conferences. cred’s current and former clients include high-growth startups and Fortune 500 companies, such as Notion, Together AI, Pinterest, Cisco and Salesforce.org. For more information visit credpr.com.

About Mission North
Mission North is a strategic communications agency for consequential companies to accelerate their market impact at every growth stage. The agency is headquartered in New York and San Francisco, with hubs in Los Angeles, Boston, Washington, D.C. and Portland, Oregon. For more information visit missionnorth.com.  

Media Contact:

Shara Seigel, vice president, Media Strategy at Mission North – sseigel@missionnorth.com 

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