SoftBank Invests $200 Million in Gravis Robotics, Valuation Reaches $1 Billion
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On August 17, SoftBank completed the largest Series A financing in the construction robotics sector, investing $200 million in Gravis Robotics, with a post-investment valuation of approximately $1 billion. Gravis Robotics is a startup that spun off from ETH Zurich in 2022, headquartered in Zurich, focusing on providing AI-driven automation solutions for heavy earthmoving machinery. Its core product, the "Gravis Rack," is a rapidly installable control kit that supports fully autonomous operations or AI-assisted driving, compatible with multiple brands of equipment, including Caterpillar, John Deere, Volvo, JCB, and Hitachi, claiming to enhance operational efficiency by up to 30%.
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