Path Robotics raises $300M Series E at $2.45B valuation to expand AI welding tech

Path Robotics' revenue has grown 17x over the past 18 months, according to the company's announcement of its $300M Series E. The round was led by Georgian. Founder Andrew Lonsberry says he learned welding as a child in his father's Ohio manufacturing business, and that Path was started after conversations with over 100 US manufacturers revealed a common problem: growing backlogs but stagnant production. The company plans to expand its Obsidian technology beyond welding into the rest of the production line starting in 2027.

✨ AI summary of the linked source — not editorial content.

Explore the topic

• Raises
• AI