Gravis Robotics a Swiss unicorn after $200m raise
EU-Startups reported that a $1bn post-money valuation is the end result of the funding round, in which Japan’s SoftBank was the sole investor. Read more: Gravis Robotics a Swiss unicorn after $200m raise
Swiss robotics company Gravis Robotics has become Europe's newest robotics unicorn after raising $200 million in Series A funding, according to EU-Startups. The funding round, led by Japan's SoftBank, brought the company's post-money valuation to an impressive $1 billion. Gravis specializes in AI software and hardware designed to retrofit and upgrade existing heavy construction machinery for automation and autonomy.
The company aims to scale autonomous heavy machinery across jobsites globally, as the construction sector remains one of the least automated industries worldwide. Gravis's technology, which is compatible with various heavy machinery brands, can deliver up to a 30% boost in jobsite productivity compared to manual operation while enhancing overall worksite safety.
The company's offering includes a spectrum between AI-augmented manual control and full autonomy, allowing operators to "co-pilot" an AI-assisted machine from the cab or step away to supervise robotic fleets in safe environments. Gravis, founded in 2022 as a spin-out from ETH Zurich, has already deployed its systems on four continents and plans to use the funding to expand its technology rollout.
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