Path Robotics Raises $56 Million to Build the Manufacturing Future

Path Robotics | May 05, 2021

Path Robotics, the Columbus-based AI Robotics firm responsible for developing the world's first fully autonomous robotic welding system, reported today that it has raised $56 million in Series B funding, taking the total amount invested in the company to $71 million. Returning investors Drive Capital, Basis Set, and Lemnos Lab joined Addition in leading the round.

Path Robotics is the only organization in the world that provides turnkey, autonomous robotic welding systems. Its artificial intelligence-driven robotic product is an industry disruptor, redefining industrial robotic welding.

The technology was developed with the intent of requiring no system programming and "no perfect parts." The system can see and understand virtually every part it is provided with the scanning and computer vision technologies, and it can self-adjust for each unique part. It analyses the site of the weld and generates all of the necessary planning to perform a clean weld almost instantly. The system was built to function precisely in a manufacturing environment and with highly reflective materials.

The number of people joining the welding workforce in the United States continues to decline, as the average age of welders rises. The demand for welders is growing at a rate of 3% each year, while supply is declining, resulting in a shortage of 400,000 skilled welders in the American welding workforce by 2024. This reality, along with increased demand for onshore manufacturing as a result of the pandemic, is causing a shortage in American manufacturing across industries. Path Robotics is committed to developing intelligent robotic systems that will eliminate this shortage and drive a new age of American manufacturing growth.

Drive Capital, headquartered in Columbus, has returned to Path Robotics as an investor. "We are excited to continue our collaboration and investment in Path Robotics. Their artificial intelligence and computer vision technology is meeting a huge and pressing need for manufacturers all over the world "Drive Partner Nick Solaro said.

About Path Robotics

Path Robotics is developing cutting-edge artificial intelligence, machine learning, and computer vision systems to help industrial robots become more sophisticated. Andy and Alex Lonsberry found a commercial need for industrial welding robotics while studying on their PhDs at Case Western Reserve University. Path Robotics was founded as a result of this collaboration between Matt Klein and their father, Ken Lonsberry. Their robotic welding systems are transforming the manufacturing industry by enabling hardware to do more with less human intervention.

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