In a recent announcement, Path Robotics, Columbus, Ohio-based company has stated that it has completed a total of $56 million Series B funding. The round is led by the addition of companies like Drive Capital, Basis Set, and Lemnos Labs will bring the robotic welding company's total funding to $71 million. The company predominantly focuses on robotic welding. The system uses scanning, computer vision, and AI to adjust itself to different parts.
The extra difficulty of working with highly reflective metals has got some interesting robotics problems to solve. The future of manufacturing hinges on highly capable robotics. Current industrial robotics has very little ability to understand the task and environment in which they work. The company aims to change this scenario. It is looking to address a shortage in the welding sector.
With the help of the American Welding Society, says will experience a shortage of around 400,000 by 2024. The pandemic has also driven many companies to look from many local vendors and localized solutions to curb the trend of offshoring the industry has seen in recent decades. The company also will focus on bringing innovative AI techniques and robotic solutions to the welding sector.