Industrial automation startup Path Robotics raises $300M in funding
Industrial automation startup Path Robotics raises $300M in funding
Path Robotics Inc., a startup focused on automating industrial welding workflows, announced today that it has raised $300 million in Series E funding.
Source: Robotics — Web news discovery · Read original article ↗
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Industrial automation startup Path Robotics raises $300M in funding Path Robotics Inc., a startup working to automate industrial welding workflows, today announced that it has raised $300 million in funding. Georgian led the Series E round. It was joined by a consortium that included the venture capital arms of Yamaha Motor Co. and Navier Corp., one of South Korea’s largest tech firms. The investment gives Path Robot
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ics a post-money valuation of $2.45 billion. Welding tasks were historically difficult to automate because of a phenomenon called heat-induced metal distortion. It occurs when the heat produced by a welding torch warps the metal parts being joined together. Furthermore, the parts change shape again when they cool down. Those distortions are often unpredictable, which means they can throw off a robot arm that follows
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liconANGLE Media operates at the intersection of media, technology and AI. Founded by tech visionaries John Furrier and Dave Vellante, SiliconANGLE Media has built a dynamic ecosystem of industry-leading digital media brands that reach 15+ million elite tech professionals. Our new proprietary theCUBE AI Video Cloud is breaking ground in audience interaction, leveraging theCUBEai.com neural network to help technology
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shaping the future through a unique trusted-based network SiliconANGLE Media is a recognized leader in digital media innovation, uniting breakthrough technology, strategic insights and real-time audience engagement. As the parent company of SiliconANGLE , theCUBE Network , theCUBE Research , CUBE365 , theCUBE AI and theCUBE SuperStudios — with flagship locations in Silicon Valley and the New York Stock Exchange — Si
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Source:Robotics — Web news discovery · siliconangle.com