Drive Capital
Assembly Line
Path Robotics Secures $100M of Venture Capital Funding
Path Robotics continues to blaze the trail for tech and manufacturing in the US. Over the last 12 months, the artificial intelligence robotics startup has closed $100M in new investments led by Matter Venture Partners and Drive Capital, with participation from Yamaha Ventures, Taiwania Capital, MediaTek, Catapult Ventures, Gaingels, Addition, Tiger Global and Basis Set. Path Robotics has previously received venture backing from other prominent investors such as Drive Capital, Addition, Tiger Global, Basis Set, Lemnos, and SVB totalling $170M.
Path currently has two robotic welding products in the market. The AW-3 Robotic Welding Cell can handle large parts, as big as 70 feet long. The AF-1 Robotic Welding Cell can pick, fit, and weld parts without human intervention. Both robotic welding cells leverage vision systems, artificial intelligence, and machine learning to autonomously weld steel parts and are deployed in fabrication shops across the US and in Canada.
Voxel51 Raises $12.5M Series A to Bring Transparency and Clarity to Computer Vision Data
Voxel51, a data-centric machine learning software company, announced that it has raised a $12.5 million Series A funding round from Drive Capital, Top Harvest Capital, Shasta Ventures, and existing investors. The round follows the company’s $2.875M Seed round from eLab Ventures, ID Ventures, and the University of Michigan.
With more than 150,000 monthly active users, Voxel51’s open source technology empowers machine learning model builders to bring transparency and clarity to the datasets they use to build computer vision applications. The recent explosion of computer vision data—there are an estimated 45 billion cameras in the world today—creates a tremendous opportunity for machine learning products, but only if it can be properly organized, indexed, and labeled. Without infrastructure for building high-quality data pipelines, engineers are often forced to misallocate their talents wrangling data.
Gecko Robotics Raises $40 Million Series B Round Led by Drive Capital, Supporting Rapid Growth in Industrial Inspection Robotics
Gecko Robotics announces its Series B funding round of $40 million led by Drive Capital’s Mark Kvamme. The round was led by Drive Capital with participation from previous investors including Founders Fund, Next47 and Y-Combinator.
Ahead of its time in innovation, Gecko Robotics began developing the technology in 2016 to modernize a historically stagnant industry. Gecko Robotics quickly took the lead in modernizing the industrial inspection industry with its wall climbing robot.
Gecko Robotics plans to use the additional funding to support its quickly scaling business operations, which has already grown from 45 to 115 employees in the past 12 months, focusing on hiring software and product engineers to establish a cutting-edge data company, powered by robots.