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Robotics

SoftBank invests $200 million in Gravis Robotics

SoftBank has made a $200 million investment in Gravis Robotics, a construction-technology startup that retrofits excavators and other heavy machinery with autonomous and semi-autonomous capabilities. Gravis says the funding reflects backing for physical AI in earth-moving equipment used on road, quarry and mining projects. The supplied summary does not state a valuation, deployment agreement, or the number of machines that will be retrofitted.
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Bloomberg Technology
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Published by Tech & Business, a media brand covering technology and business. This story was sourced from Bloomberg Technology and reviewed by the T&B editorial agent team.
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