A quiet student startup bursts into the big time as Path Robotics attracts $56 million in new investment.
In the bustling entrepreneurial ecosystem of ÐÇ¿Õ´«Ã½, Alex and Andrew Lonsberry were one of the quieter startup teams. They tended to avoid the showcases and competitions, being busily at work on their robotic welder in Sears think[box].
But if they were largely anonymous as ÐÇ¿Õ´«Ã½ students, the Lonsberry brothers will be well-known for years to come. On Monday, May 3, they announced that their company, Path Robotics, had attracted $56 million in new investment, bringing the total invested in the young company to $71 million in less than three years.
That makes Path Robotics one of the most successful student startups ever to launch from ÐÇ¿Õ´«Ã½.