Path Robotics, a developer of physical AI for manufacturing, has announced a staggering $300 million in Series E financing at a post-money valuation of $2.45 billion, led by Georgian, an AI-focused growth equity firm.
The round includes participation from existing investors Addition, Drive Capital, IronArc Ventures, Tiger Global, Yamaha Motor Ventures and its affiliates, and additional investors D. E. Shaw Ventures and NAVER Ventures. Emily Walsh, partner at Georgian, will join Path Robotics’ board of directors.
The investment follows a period of rapid commercial expansion for Path Robotics, with annual recurring revenue (ARR) growing 17-fold over the past 18 months as the company scales deployments across major industrial customers in North America. [Read more…] about Path Robotics raises stunning $300 million at $2.45 billion valuation to expand physical AI in manufacturing