Path Robotics receives $56M in Series B funding

0
212
Image Credits: Path Robotics

Path Robotics, a Columbus-based AI Robotics company designing an autonomous robotics welding system, received $56 million in Series B funding, bringing the total invested in the company to $71 million. Addition led the round and was joined by returning investors Drive Capital, Basis Set, and Lemnos Lab.

Lee Fixel, Addition, said: “Path Robotics is solving a complex and critical problem in our country by bridging the gap between the supply of skilled welders and demand. We look forward to supporting the company as it works to lead American manufacturing into the future.”

Path Robotics is the only company offering turnkey, robotic welding systems capable of autonomous welding. The technology was designed to ensure no system programming and no perfect parts required. The system can see and understand any part it’s given with the ability to self-adjust for each unique part. It analyzes where a weld is needed and generates all the planning to executing a clean weld instantly. The system was manufactured to operate precisely in a manufacturing environment and with highly reflective materials.

Andrew Lonsberry, CEO, Path Robotics, said: “Current industrial robotics have very little ability to understand their environment and the task at hand. Most robots merely repeat what they are told and cannot improve themselves. Our goal is to change this. The future of manufacturing hinges on highly capable robotics.”

Lonsberry added: “We are excited to partner with Addition. They have a great vision for the future and are committed to working with companies that are striving to bring generational change.”

Nick Solaro, Partner, Drive, said: “We are thrilled to continue our partnership and investment in Path Robotics. Their A.I. and computer vision technology is solving a large and urgent need for manufacturers around the world.”

Alex Lonsberry, Co-Founder and Chief Technology Officer, Path Robotics, said: “The future of intelligent machines and manufacturing is being created at Path Robotics right now. We are delivering on the promise of what robots can become. Realizing our mission requires a visionary team of partners. We are excited to have Addition working with us to change the world.”

Leave a Reply