Gravis Robotics a Swiss unicorn after $200m raise

Gravis makes AI software and hardware to retrofit and upgrade existing heavy construction machinery for automation and autonomy. It said the round marked “the largest Series A in construction robotics history” but did not share its valuation upon the announcement of funding yesterday (17.

Gravis said its overall goal is “scaling autonomous heavy machinery across jobsites globally”, adding that the heavy construction sector “remains one of the least automated major industries in the world” and still uses “machines that operate exactly the way they did 50 years ago”..

What Happened

The company – headquartered in Zurich and with offices in Oxford, UK and Austin, US – has deployed its systems for construction in four continents to date. It said the funding would be used to scale the rollout of its technology.

• 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.

• Swiss construction-tech start-up Gravis Robotics is reportedly Europe’s newest robotics unicorn after raising $200m in Series A funding.

• According to EU-Startups, a $1bn post-money valuation is the end result of the funding round, in which Japan’s SoftBank was the sole investor.

Key Details

The 2022-founded company, a spin-out from ETH Zurich, said its technology – which is compatible with a range of heavy machinery brands – is capable of “delivering up to a 30pc boost in jobsite productivity compared to peak manual operation, while simultaneously.

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What Reports Say

Coverage of the story so far points to:

• Continued reporting by Silicon Republic as more details emerge