Path Robotics expanding AI-powered welding with $56M raised in Series B round

With $56 million raised in Columbus-based Path Robotics Inc.’s Series B round, the company plans to “perfect the engineering of its AI-driven autonomous welding robot and aggressively expand sales to manufacturers across the country,” according to a recent Columbus Business First article. The company grew rapidly through the second half of last year, and this year’s revenue “could be four to five times that of 2020,” cofounder and CEO Andy Lonsberry said in the article. The Path robot can load and unload parts and make adjustments if there is a slight warp in the metal; Lonsberry said, “[w]e’re really trying to add that layer of intelligence to robots that allows them to learn from failure” as well as see what they’re looking at and have the ability to add context to the operation they’re performing. For more, read the full article.

Economic Development, State Updates