Path Robotics raises $300 million Series E led by Georgian for its welding AI

Path Robotics, which builds the Obsidian welding model and the Rove mobile welder on a quadruped, has raised $300 million at a $2.45 billion post-money valuation, with D. E. Shaw Ventures and NAVER Ventures joining as new investors. The company says recurring revenue grew 17-fold in 18 months and plans to use the money to expand beyond welding into other factory tasks and robot types.

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