Columbus-based Path Robotics, the creator of a robotic manufacturing system, has raised $100 million in what it called a "pre-emptive" Series C round. The startup closed a Series B in May that valued it at $235 million, according to PitchBook data and TechCrunch. Tiger Global led the new financing, with participation from Addition and Silicon Valley Bank.
"Most robots merely repeat what they are told, with no ability to improve themselves,” CEO Andrew Lonsberry said in a statement. "The future of manufacturing hinges on highly capable, flexible robotics. Robots that can truly see and learn."
"Path’s innovative approach to computer vision and proprietary AI software allows robots to sense, understand and adapt to the challenges of each unique welding project," Tiger Global partner Griffin Schroeder said in a statement. "We believe this breakthrough technology can be adopted for many other applications and products beyond just welding, to serve their customers holistically."
