Path Robotics, a US-based AI robotics company developing autonomous robotic welding systems, has raised US$56m (£40m) in Series B funding, bringing the total invested in the company to US$71m (£51m).
Venture capital and private equity firm Addition led the round and was joined by returning investors Drive Capital, Basis Set, and Lemnos Lab.
Path Robotics’ technology is designed to ensure no system programming and require “no perfect parts”.
Through proprietary scanning and computer-vision technology, the system can see and understand nearly any part it’s given with the ability to self-adjust for each unique part.
It analyses where a weld is needed and generates the planning to execute a clean weld nearly instantly.
The system was designed to operate precisely in a manufacturing environment and with highly reflective materials.
“Current industrial robotics have very little ability to understand their environment and the task at hand,” said Andrew Lonsberry, CEO of Path Robotics.
“Most robots merely repeat what they are told and have no ability to improve themselves. Our goal is to change this.
“The future of manufacturing hinges on highly capable robotics.”