← Back to Model Beat
Industry·2d ago·all news from August 19, 2026

Gravis Robotics CEO on Softbank Backing, Construction

Gravis Robotics has secured a $200 million investment from SoftBank to further its development of autonomous heavy machinery. The startup focuses on retrofitting traditional excavators with software and sensors to enable self-operating capabilities. This funding aims to address labor shortages and productivity challenges in the construction industry by automating tasks performed by heavy equipment. The partnership signals significant investor interest in applying robotics technology to modernize physical infrastructure work sites.

Covered by 1 source

Related stories

IndustryStripe Clinches Over $7 Billion Deal to Buy AI Firm OpenRouterAug 16 · 14 sourcesIndustryMeta Has Quietly Become One of Microsoft’s Largest AI CustomersAug 20 · 4 sourcesIndustryNvidia to Pay AI Startup Poolside a $6 Billion License, Newcomer SaysAug 20 · 3 sourcesIndustrySpaceX Attempted to Acquire AI Coding Startup CognitionAug 19 · 5 sources