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.
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- BBloomberg Technology↗2d ago