Path Robotics raises $300 million in Series E funding

Path Robotics announced the $300 million Series E financing on a company page dated November 10, 2026.[1] Georgian led the round, which included existing investors Addition, Drive Capital, IronArc Ventures, Tiger Global and Yamaha Motor Ventures.[1][2] D. E. Shaw Ventures and NAVER Ventures joined as additional investors.[2] Bloomberg reported that the financing values Path at $2.45 billion, nearly four times its previous valuation, and puts its total fundraising at around $610 million.[4] Georgian partner Emily Walsh will join Path’s board of directors.[3]

Path says it will use the capital to expand beyond welding into new manufacturing tasks and robotic form factors, as well as to increase investment in AI model training.[3] The company describes its physical AI models as enabling robots to perceive their surroundings, reason and adapt actions in real time.[3] Path says it began with welding because it is one of the hardest factory-floor jobs to automate.[1] The company says its proprietary models and growing base of real-world production data can strengthen its systems as deployments improve them.[1] Those plans put model development and expansion into new uses at the center of the funding announcement.

Path says its Obsidian welding model uses real-world welding data to identify weld joints, plan and execute welds, and adapt to changing conditions.[3] A mobile robotic welding system brings Obsidian’s capabilities to a quadruped platform.[3] Quartz reported that Path’s Rove welding robot pairs the company’s technology with Boston Dynamics’ Spot and had 50 advance orders.[5] Rove is set to join human welders at shipyards, construction sites and large industrial campuses beginning next year.[5] Path says its customer roster includes HII, Lockheed Martin and Saronic.[3]

Path’s annual recurring revenue grew 17-fold over the preceding 18 months, according to Robotics & Automation News, and the company said its workforce grew 97 percent year over year.[3] Path plans to reach 400 employees by year-end.[3] Earlier this year, the company announced a $600 million performance-based production agreement with HII to accelerate physical AI deployment across U.S. Navy shipbuilding programs.[3] Path’s account of the work emphasizes the potential for adaptive automation to increase shipbuilding throughput and accelerate production.[1] Quartz reported that Path’s customers have not fired welders because of a task robot.[5]