Path Robotics raised $100M in a Series D funding round led by Matter Venture Partners and Drive Capital to enhance its AI-enabled robotic welding solutions.

Oct 15, 2024•9 months ago

Amount Raised

$100 Million

Round Type

series d

ColumbusInformation Technology

Investors

Basis SetTiger GlobalAdditionGaingelsCatapult VenturesMedia TekTaiwania CapitalYamaha VenturesDrive CapitalMatter Venture Partners

Description

Path Robotics has successfully secured $100M in Series D funding, driven by a vision to pioneer AI and robotics in the welding industry. The investment will support the company's growth and innovation in manufacturing technologies.

Company Information

Company

Path Robotics

Location

524 MAIER PLACE

Columbus, Ohio, United States

About

Path Robotics was founded in 2018 by brothers Andy and Alex Lonsberry with a desire to help fill gaps in the manufacturing industry. As a result, Path Robotics creates robotic systems that leverage state-of-the-art artificial intelligence, machine learning, and computer vision systems to fit-up and weld parts. Path’s mission is to enable robots to build, so humans can create.

Funding Insights

Based on industry data

VC-backed spending patterns

VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers

Tech investment trends

83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech

Path Robotics raised $100M in a Series D funding round led by Matter Venture Partners and Drive Capital to enhance its AI-enabled robotic welding solutions.

Investors

Description

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