Columbus-based Path Robotics announced a $300 million Series E financing on November 10, led by Georgian, at a $2.45 billion post-money valuation. Existing and new investors participated, including Addition, Drive Capital, Tiger Global, Yamaha Motor Ventures, D. E. Shaw Ventures and NAVER Ventures.
The company focuses on physical AI for manufacturing, beginning with welding. Its Obsidian model uses vision and other learned capabilities to identify joints and adapt welding behavior when real-world parts differ from idealized factory conditions.
Path said its annual recurring revenue had grown 17-fold in the preceding 18 months. That is a company-reported rate of growth, not a disclosed absolute revenue total, and should not be confused with the size of the financing.
Management plans to expand deployments beyond welding, support additional manufacturing tasks and robotic form factors, and invest in compute and model training. The company's Rove system brings adaptive welding to a mobile quadruped platform, extending the underlying software beyond fixed work cells.
Path also cited a $600 million performance-based production agreement with shipbuilder HII. That agreement is neither equivalent to cash already collected nor the Series E proceeds. The larger significance is whether learned robotic control can become a repeatable industrial product across demanding sectors such as shipbuilding and energy infrastructure.