Path Robotics, a Columbus, OH-based AI-enabled robotic welding, raised $100M in venture capital funding.
The round was led by Matter Venture Partners and Drive Capital, with participation from Yamaha Ventures, Taiwania Capital, MediaTek, Catapult Ventures, Gaingels, Addition, Tiger Global and Basis Set.
The company intends to use the funds to expand operations and its development efforts.
Founded in 2023 by brothers Andy and Alex Lonsberry, Path Robotics currently has two robotic welding products in the market. The AW-3 Robotic Welding Cell can handle large parts, as big as 70 feet long. The AF-1 Robotic Welding Cell can pick, fit, and weld parts without human intervention. Both robotic welding cells leverage vision systems, artificial intelligence, and machine learning to autonomously weld steel parts and are deployed in fabrication shops across the US and in Canada.
Path Robotics had previously received venture backing from other investors such as Drive Capital, Addition, Tiger Global, Basis Set, Lemnos, and SVB totalling $170M.
FinSMEs
15/10/2024