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About Path Robotics
Industries
Robotics & Automation
Industrial & Manufacturing
Company Size
51-200
Company Stage
Series D
Total Funding
$263.6M
Headquarters
Columbus, Ohio
Founded
2014
Overview
Path Robotics focuses on autonomous welding in the manufacturing sector. Their robots utilize advanced AI technology to independently scan, position, and weld parts, which streamlines the manufacturing process and reduces the need for skilled labor. The robots create a 3D model of each part using sensor data, allowing them to adapt to variations in parts without requiring identical components or precise positioning. This makes their solution particularly effective in environments with high mix, high variance, and low volume, where traditional robotics may struggle. Unlike many competitors, Path Robotics offers a pay-as-you-go subscription model, allowing clients to only pay for the services they use, which makes it more affordable. Additionally, all preventative maintenance is included, further easing the burden on manufacturers. The goal of Path Robotics is to enhance manufacturing efficiency and quality through their AI-driven solutions.
Simplify's Take
What believers are saying
- $100M Series D funding boosts innovation and expansion of AI-enabled technology.
- Launch of Path Foundry(TM) opens new revenue streams in contract manufacturing.
- Job Builder app accelerates production cycles, enhancing customer engagement.
What critics are saying
- Increased competition from similar AI-driven robotic welding companies.
- Economic downturns could impact demand for subscription-based solutions.
- Supply chain disruptions may delay production and delivery of systems.
What makes Path Robotics unique
- Path Robotics offers AI-driven autonomous welding, eliminating need for skilled welders.
- Their pay-as-you-go model reduces upfront costs for manufacturers.
- Proprietary AI creates 3D models, adapting to part variations for high-quality welds.
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Funding
Total Funding
$263.6M
Above
Industry Average
Funded Over
5 Rounds
Tiger GlobalIndustry standards
Benefits
Health Insurance
Dental Insurance
Vision Insurance
Unlimited Paid Time Off
Parental Leave
401(k) Retirement Plan
Employee Referral Bonus
Growth & Insights and Company News
6 month growth
↓ -1%1 year growth
↓ -5%2 year growth
↑ 0%Robotics investments topped $7.4 billion for the month of October 2024, the result of 77 funding rounds. The investment total was led by Waymo’s $5.6 billion raise, which is the largest single round of the year through November. October’s total was the largest through the first 10 months of the year. The previous monthly high was the $3.7 billion raised in September 2024. The total investment for the period of January through October 2024 was more than $20 billion. Developers of autonomous driving technologies once again dominated the list of largest investments for the month
New Frontier Aerospace, developer of advanced rocket engines for fast cryogenic orbit transfer stages, planetary landers, and net carbon-negative hypersonic aircraft, raised $2.5 million of seed funding from Pacific Bays Capital, putting the company's pre-money valuation at an estimated $47.5 million.
Path Robotics recently secured $100M in Series D funding, a notable milestone that reflects strong investor confidence.
Path Robotics has secured $100 million in Series D funding, 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 investment aims to advance Path Robotics' AI-enabled robotic welding technology, addressing labor shortages in manufacturing and revitalizing American industry.
COLUMBUS, OHIO, OH, UNITED STATES, October 9, 2024 /EINPresswire.com/ - Columbus, OH, [Date] - Path Robotics, a leader in autonomous welding solutions, is proud to announce the launch of Path Foundry(TM), a game-changing contract manufacturing entity designed to revolutionize how companies approach welding and related projects.
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About Path Robotics
Industries
Robotics & Automation
Industrial & Manufacturing
Company Size
51-200
Company Stage
Series D
Total Funding
$263.6M
Headquarters
Columbus, Ohio
Founded
2014
Path Robotics is Hiring for 0 Jobs on Simplify!
Find jobs on Simplify and start your career today