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SoftBank Fuels Robotics with $200M Investment
17 Aug
Summary
- SoftBank invested $200 million in Gravis Robotics.
- Gravis Robotics develops autonomous software for construction machinery.
- The Zurich-based startup announced its Series A investment on Monday.
SoftBank Group Corp. has made a significant $200 million investment in Gravis Robotics, a Swiss startup specializing in autonomous software for construction machinery. The Zurich-based company announced this Series A funding round on Monday. While valuation details were not disclosed, the investment underscores SoftBank's strategic focus on advancing automation technologies.
Gravis Robotics is at the forefront of developing sophisticated software solutions designed to enhance the autonomy of construction equipment. This infusion of capital is expected to accelerate their research and development efforts, potentially revolutionizing how construction projects are managed and executed through automated processes.
