Path Robotics Raises $300M Series E at $2.45B Valuation

The Columbus physical-AI company will push beyond welding after a Series E led by Georgian.

Path Robotics, the Columbus, Ohio company building physical AI for manufacturing, has raised $300 million in Series E financing at a $2.45 billion post-money valuation, the company announced November 10. Georgian, an AI-focused growth equity firm, led the round.

The money will push Path's platform beyond welding - its first market - into other manufacturing tasks and new robot form factors. Path says its annual recurring revenue grew 17-fold over the past 18 months as deployments scaled across major industrial customers in North America.

Existing investors Addition, Drive Capital, IronArc Ventures, Tiger Global, and Yamaha Motor Ventures joined the round, alongside new backers D. E. Shaw Ventures and NAVER Ventures. Georgian partner Emily Walsh will join Path's board. The company has now raised more than $610 million in total.

Path's pitch is Obsidian, a physical AI model that scans parts, finds weld joints, plans torch paths, and adjusts in real time - no static programming. Its mobile system, Rove, is a quadruped welding platform; Path says it is filling 50 preorders for deployment alongside human welders at heavy industrial sites, shipyards, and construction projects next year. The company also holds a $600 million performance-based production agreement with shipbuilder HII to bring physical AI into U.S. Navy shipbuilding programs.