World’s leading AI-based robotic welding company Path Robotics, a firm in Ohio has completed its Series B funding of $56 million. The funding round was raised in collaboration with Lemnos Lab, Drive Capital, and Basis set making the price go higher to $71 million.
|Company Name||Fund Raised||Led By||CEO/Co-Founder||Valuation|
|Path Robotics||$56M||Lemnos Lab, Drive Capital, and Basis set||Andrew Lonsberry||$400—600m|
The USP of this company is that it assembles even the non-perfect parts through its high-quality AI programming, and computer scanning and its unique quality to self-adjust and understand different parts of the device.
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CEO Andrew Lonsberry visions make Path Robotics the world’s top robotics welding brand that understands the task at hand that other robotics companies usually fail to do.