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COINTURK FINANCE > Business > Gravis Robotics Secures Major Funding to Scale Autonomous Systems Worldwide
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Gravis Robotics Secures Major Funding to Scale Autonomous Systems Worldwide

Overview

  • Gravis Robotics raised $23M to expand its autonomous systems in construction.

  • Investments will facilitate workforce expansion and increase partnerships with OEMs.

  • The system integrates AI for increased productivity and safer operations on-site.

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Gravis Robotics, a Zurich-based firm specializing in earthmoving autonomy, has achieved another milestone in its mission to advance global construction technology. The company recently closed a significant funding round of $23 million (€19.9 million) led by notable investors including IQ Capital and Zacua Ventures. This funding not only highlights investor confidence but also positions Gravis Robotics to broaden its scope in the realms of construction and infrastructure, leveraging advanced autonomous systems. As global demand in construction increases while productivity declines, the company’s initiatives could offer practical solutions for these challenges.

Contents
What Does the Latest Funding Mean for Industry Expansion?How is Gravis Robotics Implementing Its Technology?

In the past, Gravis Robotics has successfully integrated its technology across a variety of construction projects, including its collaboration with renowned global construction firms. The firm has conducted trials of autonomous excavation at Manchester Airport, marking a crucial step in showcasing feasibility and efficacy in active construction environments. Compared to previous introductions of autonomous technology in the sector, Gravis Robotics’ approach integrates both AI capabilities and hands-on operations, providing an adaptable platform that addresses industry-specific needs.

What Does the Latest Funding Mean for Industry Expansion?

With the recent infusion of capital, Gravis Robotics plans to increase its workforce and enhance its network of original equipment manufacturers (OEMs), contractors, and dealers. Current applications of its technology include diverse tasks such as trenching, grading, and material handling, all of which contribute to higher output and improved safety. The company aims to continue building upon their relationships with construction and equipment supply stakeholders to ensure seamless deployment of its autonomous systems globally.

How is Gravis Robotics Implementing Its Technology?

Gravis Robotics employs a sophisticated system that harnesses artificial intelligence to exceed basic command technology, addressing real-time ground conditions using a learning-based control mechanism. The Gravis Slate, a tablet interface, comes equipped with sensors and integrates with existing construction workflows, offering a dual role of autonomy and manual operation. This adaptability allows for significant reductions in operational downtime and promotes efficient site management. The continuous data feedback loop generated by the system contributes to expanding its autonomous capabilities.

“The fastest path to autonomy is delivering productivity today,” stated Ryan Luke Johns, CEO and co-founder of Gravis Robotics. The company’s system provides operators with real-time 3D intelligence, facilitating an ability to switch smoothly between autonomous and augmented control modes.

In its ongoing pursuit of industry innovation, Gravis Robotics has recently expanded its services to include partnerships with Holcim and other major entities, adapting its platform to support quarry operations in material movement and site preparation. Such collaborations are vital in underscoring the business‘s capacities to redefine technology deployment within the construction sector.

Future growth plans for Gravis Robotics involve scaling its initiatives to accommodate broader market needs, including refined leasing models with unprecedented access for construction operators. Current success in blending autonomy with practical applications places the firm in a context where global integration seems both viable and promising, ensuring further expansion into mining and other relevant industries.

“Gravis stands out, not just for its technical brilliance, but for how much it’s already achieved,” commented Archie Muirhead, partner at IQ Capital, highlighting the firm’s advances in facilitating autonomy on-field.

As Gravis Robotics aims to solidify its footprint across multiple regions worldwide, their integration strategy for autonomous systems signifies a potential shift in construction technology. By ensuring their solutions connect seamlessly with existing equipment and processes, Gravis Robotics could lead the way toward more productive and efficient construction sites, balancing expert robotics insight with expansive industry knowledge.

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Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.

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