I’m going to be honest with you: It was kind of a slow week for robotics news. Honestly, that’s the first time I can say that since I started doing this thing weekly (happy 10 weeks to us, by the way). Of course, this stuff always ebbs and flows to a certain extent even during what’s been a particularly active stretch in robotics investments.
From that standpoint, the $56 million Series B for Path Robotics is the big news of the week. And, indeed, it’s a sizeable round for the Columbus, Ohio-based company. It’s certainly cool seeing a big win for robots in the Midwest particularly ones that fit pretty nicely into the manufacturing mold.
Path Robotics Raises $56M in Funding
Path Robotics, a Columbus, OH-based AI Robotics company designing an autonomous robotic welding system, raised $56m in Series B funding.
The round, which brought total funding raised to date to $71m, was led by Addition with participation from returning investors Drive Capital, Basis Set, and Lemnos Lab.
The company will use the funds to continue to expand its operations and development efforts.
Co-founded by brothers Andy and Alex Lonsberry, Matt Klein and their father, Ken Lonsberry, Path Robotics is developing artificial intelligence, machine learning, and computer vision systems to make industrial robots intelligent.
Through proprietary scanning and computer vision technology, the system can see and understand nearly 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 execute a clean weld nearly instantly. The system was designed to op
Path Robotics Raises $56M to Build the Future of Manufacturing
The Series B financing is led by Addition
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COLUMBUS, Ohio, May 3, 2021 /PRNewswire/ Path Robotics, the Columbus-based AI Robotics company responsible for designing the world s first truly autonomous robotic welding system, today announced it received $56 million dollars 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. Path Robotics is solving a complex and critical problem in our country by bridging the gap between the supply of skilled welders and demand, said Lee Fixel of Addition. We look forward to supporting the company as it works to lead American manufacturing into the future.
Path Robotics raises $56M Series B for automated welding
Columbus, Ohio-based firm Path Robotics today announced the completion of a $56 million Series B. The round, led by Addition (featuring Drive Capital, Basis Set and Lemnos Lab) brings the robotic welding company’s total funding to $71 million.
Adding another piece to the broader automated manufacturing puzzle, the company is focused on robotic welding. The system uses scanning, computer vision and AI to adjust itself to different parts, understanding that sizing parts is a kind of imperfect science. Add to that the additional difficulty of working with highly reflective metals and you’ve got some interesting robotics problems to solve.