SoftBank invests $200 million in Gravis Robotics, entering the construction robotics space.
1 hours ago
SoftBank has closed its largest-ever Series A funding round for construction robotics, investing $200 million in Gravis Robotics, with a post-money valuation of approximately $1 billion. Gravis Robotics is a construction robotics startup spun off from ETH Zurich in 2022, headquartered in Zurich, specializing in AI autonomy retrofitting solutions for existing heavy earthmoving equipment such as excavators and loaders. Its core product, the "Gravis Rack," is a quick-install control kit that supports fully autonomous operation or AI-assisted driving, is compatible with equipment from multiple brands including Caterpillar, John Deere, Volvo, JCB, and Hitachi, and claims to boost operational efficiency by up to around 30%.
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