SoftBank Invests $200 Million in Gravis Robotics, a Construction Robotics Startup

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SoftBank has led a $200 million Series A investment in Gravis Robotics, a construction robotics startup founded in 2022 by researchers from ETH Zurich. The funding values the company at approximately $1 billion. Gravis specializes in AI-powered retrofitting systems for heavy machinery, with its flagship product, Gravis Rack, compatible with major brands such as Caterpillar and John Deere. The system increases efficiency by up to 30%. ETH News highlights the growing role of AI in industrial automation, underscoring continued cross-sector innovation in AI and crypto.
ME AI News: SoftBank has completed its largest-ever Series A funding round for construction robotics, investing $200 million in Gravis Robotics, valuing the company at approximately $1 billion post-investment. Gravis Robotics is a construction robotics startup spun out of ETH Zurich in 2022 and headquartered in Zurich, specializing in AI-driven autonomy upgrades for existing heavy earthmoving equipment such as excavators and loaders. Its flagship product, the “Gravis Rack,” is a rapidly installable control kit enabling fully autonomous operation or AI-assisted driving, compatible with equipment from multiple brands including Caterpillar, John Deere, Volvo, JCB, and Hitachi, and claims to boost operational efficiency by up to 30%. (Source: BlockBeats)
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