A quiet student startup bursts into the big time as Path Robotics attracts $56 million in new investment.
In the bustling entrepreneurial ecosystem of Case Western Reserve University, 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 Case Western Reserve 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 Case Western Reserve.