Watch Gravis Robotics CEO on Softbank Backing, Construction
3 Articles
3 Articles
Watch Gravis Robotics CEO on Softbank Backing, Construction
SoftBank has made a $200 million investment in Gravis Robotics, a construction technology startup specializing in retrofitting existing excavators and heavy machinery with autonomous and semi-autonomous capabilities. Ryan Luke Johns, CEO and Co-Founder of Gravis Robotics, explained that the funding reflects SoftBank's strong confidence in the physical AI space, particularly in automating earth-moving equipment critical to infrastructure projects such as roads, quarries, and mines. He speaks with Romaine Bostick on "The Close."
Gravis Robotics automates heavy construction machines using artificial intelligence. The range of applications ranges from support for machine operators to autonomous operations. In a financing round, the ETH spin-off collected USD 200 million.
SoftBank injected $200 million into Gravis Robotics, in which it represents the most ambitious Serie A funding round in the history of robotics applied to construction. Gravis Robotics explained that this movement seeks to boost its mission of providing autonomy to heavy machinery through the use of advanced Artificial Intelligence (IA), allowing it to deploy on a large scale in global building projects. Investment takes place in a context of gr…
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