No Result
View All Result
  • Login
Saturday, March 21, 2026
FeeOnlyNews.com
  • Home
  • Business
  • Financial Planning
  • Personal Finance
  • Investing
  • Money
  • Economy
  • Markets
  • Stocks
  • Trading
  • Home
  • Business
  • Financial Planning
  • Personal Finance
  • Investing
  • Money
  • Economy
  • Markets
  • Stocks
  • Trading
No Result
View All Result
FeeOnlyNews.com
No Result
View All Result
Home Business

Exclusive: Gravis Robotics raises $23M to bring AI autonomy to construction sites

by FeeOnlyNews.com
4 months ago
in Business
Reading Time: 3 mins read
A A
0
Exclusive: Gravis Robotics raises M to bring AI autonomy to construction sites
Share on FacebookShare on TwitterShare on LInkedIn



Gravis Robotics, a Zurich-based startup that is turning heavyweight construction machines into autonomous robots, has raised $23 million to expand its operations in the U.K., U.S., and EU. The funding was led by IQ Capital and Zacua Ventures, with participation from Pear VC, Imad, Sunna Ventures, Armada Investment, and Holcim. Gravis plans to use the funds to build more machines and expand partnerships with construction firms.

Founded in 2022, Gravis is trying to solve one of the construction industry’s key problems—a looming talent shortage. A large proportion of skilled machine operators are nearing retirement, and not enough younger workers are entering the field to replace them, co-founder and CEO Ryan Luke Johns told Fortune.

“There’s a massive peak in demand for renewable, resilient infrastructure, which means we need more operators—and there just isn’t enough,” he said. “It’s not a sexy job. It’s not a job that any young person really wants to go into.”

Across the U.K., Europe, and the U.S., governments are building wind farms and grid infrastructure to meet clean‑energy goals, tech companies are rushing to construct huge data centers to power AI, and cities desperately need more housing. The talent shortage threatens to slow all of this, potentially driving up costs and stretching timelines on projects that power everything from renewable energy to the servers running ChatGPT.

The autonomous construction equipment market is in demand, partly driven by this surge in infrastructure development projects. The industry was valued at $8.8 billion in 2023 and is expected to grow at over 7.5% annually through 2032, according to Global Market Insights.

Part of the reason construction work is becoming increasingly unattractive for humans is that operators face a high risk of injury. Johns told Fortune that Gravis’ technology aims to address such concerns by reducing risky tasks, like surveying or marking out work areas, while keeping humans in control. The company adds cameras, sensors, and AI to existing excavators, loaders, and other heavy machines so they can operate autonomously or with remote guidance via Gravis’ Slate tablet.

“Our technology is actually bringing other young people to want to do this job,” he added. “Because you’re looking at a tablet, instead of sitting behind joysticks.”

Gravis’ machines are already in use in seven countries across four continents, including Europe, the U.S., Latin America, and Asia. The company has worked with clients including Holcim, Taylor Woodrow, and HD Hyundai. In the U.K., Gravis has been conducting trials of autonomous excavation with Taylor Woodrow at Manchester Airport.

“The fastest path to autonomy is delivering productivity today,” Johns said. “By giving operators real-time 3D intelligence and the ability to shift seamlessly between autonomy and guided control, we cover more of the work, accelerate adoption, and create the data pipeline needed to learn new capabilities from the industry’s hardest jobs.”

Johns says Gravis is not aiming for fully unmanned construction sites. Instead, its systems work alongside humans, learning from complex and changing sites while boosting productivity. As demand grows for housing, renewable energy projects, and safer infrastructure, Gravis believes its AI and sensors can help contractors get more work done efficiently and safely.

“Gravis stands out, not just for its technical brilliance, but for how much it’s already achieved. The team’s thoughtful, grounded approach to autonomy—deploying real systems with real crews—has led to trusted partnerships with some of the largest global construction companies and [original equipment manufacturers] and invaluable data from time-in-field,” said Archie Muirhead, partner at IQ Capital. “This huge and unserved market is ready now for autonomy.”

The company is entering a competitive market dominated by equipment giants like Caterpillar, Komatsu, and Volvo Group, and startups including San Francisco-based Built Robotics, which has raised over $100 million since 2016. Industry adoption also faces a few barriers, including high upfront costs that smaller contractors struggle to justify and regulatory fragmentation across jurisdictions.



Source link

Tags: 23MautonomyBringConstructionexclusiveGravisRaisesroboticsSites
ShareTweetShare
Previous Post

Reliance Industries shares jump to fresh 52-week high as Jefferies projects 14% upside on earnings momentum

Next Post

The Economics of Santa Claus

Related Posts

Iran launches missiles at U.K.-U.S. base 2,500 away in the Indian Ocean

Iran launches missiles at U.K.-U.S. base 2,500 away in the Indian Ocean

by FeeOnlyNews.com
March 21, 2026
0

Israel’s defense minister threatened a surge in attacks against Iran on Saturday and Britain condemned Iran for targeting a joint...

T-Mobile, Verizon, AT&T Go All-In On Discounts As Churn Surge Hits

T-Mobile, Verizon, AT&T Go All-In On Discounts As Churn Surge Hits

by FeeOnlyNews.com
March 21, 2026
0

Promotional activity among the "Big 3" U.S. carriers—AT&T Inc., Verizon Communications Inc. and T-Mobile US, Inc.—is gaining momentum heading into...

Costco’s .50 hot dog will never change, CEO Ron Vachris promises

Costco’s $1.50 hot dog will never change, CEO Ron Vachris promises

by FeeOnlyNews.com
March 21, 2026
0

There’s no better way to fuel up for traipsing the Costco aisles for hours than a $1.50 hot dog and...

F&O Talk | Nifty grapples with dead cat bounce syndrome as pullbacks get sold. Sudeep Shah on Olectra, IDBI, 4 more stocks

F&O Talk | Nifty grapples with dead cat bounce syndrome as pullbacks get sold. Sudeep Shah on Olectra, IDBI, 4 more stocks

by FeeOnlyNews.com
March 21, 2026
0

Domestic frontline indices ended with gains on Friday, led by strong action in IT, auto and metal stocks though weakness...

Rupee on shaky ground, touches fresh low of 93.73

Rupee on shaky ground, touches fresh low of 93.73

by FeeOnlyNews.com
March 21, 2026
0

The Indian rupee plunged as much as 110 paise on Friday, recording its steepest single-day rout since late 2022, after...

Three weeks into the Iran war that’s seeking 0 billion, here’s what success for Trump looks like

Three weeks into the Iran war that’s seeking $200 billion, here’s what success for Trump looks like

by FeeOnlyNews.com
March 21, 2026
0

The U.S. and Israel are locked into a longer-than-expected war that may extend through April before Iran’s military is sufficiently...

Next Post
The Economics of Santa Claus

The Economics of Santa Claus

How to Stop a Nuclear War — and Why We’re Not Talking About It

How to Stop a Nuclear War — and Why We’re Not Talking About It

  • Trending
  • Comments
  • Latest
York IE Appoints Chuck Saia to its Strategic Advisory Board

York IE Appoints Chuck Saia to its Strategic Advisory Board

February 18, 2026
Judge orders SEC to release data behind B in WhatsApp fines

Judge orders SEC to release data behind $2B in WhatsApp fines

March 10, 2026
8 Cost-Cutting Moves Retirees Are Sharing Online in February

8 Cost-Cutting Moves Retirees Are Sharing Online in February

February 14, 2026
3 Grocery Chains That Give Seniors a “Gas Bonus” for Every  Spent

3 Grocery Chains That Give Seniors a “Gas Bonus” for Every $50 Spent

March 15, 2026
8 Procedures That Can Be Cheaper Without Insurance

8 Procedures That Can Be Cheaper Without Insurance

February 14, 2026
FPA partners with Snappy Kraken to update PlannerSearch

FPA partners with Snappy Kraken to update PlannerSearch

February 25, 2026
CLARITY Act May Still Delay Despite Stablecoin Yield Deal, Galaxy’s Alex Thorn Warns

CLARITY Act May Still Delay Despite Stablecoin Yield Deal, Galaxy’s Alex Thorn Warns

0
Research suggests adults who find it easier to bond with animals than with people aren’t antisocial — they’re drawn to a form of connection where the terms are visible, the loyalty isn’t conditional, and the relationship doesn’t require them to monitor a constantly shifting set of expectations that human attachment taught them to treat as a second job

Research suggests adults who find it easier to bond with animals than with people aren’t antisocial — they’re drawn to a form of connection where the terms are visible, the loyalty isn’t conditional, and the relationship doesn’t require them to monitor a constantly shifting set of expectations that human attachment taught them to treat as a second job

0
4 Undervalued Stocks Worth Buying to Navigate 2026 Market Volatility

4 Undervalued Stocks Worth Buying to Navigate 2026 Market Volatility

0
Scammers want your retirement—here’s how to protect yourself

Scammers want your retirement—here’s how to protect yourself

0
Iran launches missiles at U.K.-U.S. base 2,500 away in the Indian Ocean

Iran launches missiles at U.K.-U.S. base 2,500 away in the Indian Ocean

0
Buffett defends ‘Giving Pledge’ against Thiel and ‘billionaire backlash’

Buffett defends ‘Giving Pledge’ against Thiel and ‘billionaire backlash’

0
Research suggests adults who find it easier to bond with animals than with people aren’t antisocial — they’re drawn to a form of connection where the terms are visible, the loyalty isn’t conditional, and the relationship doesn’t require them to monitor a constantly shifting set of expectations that human attachment taught them to treat as a second job

Research suggests adults who find it easier to bond with animals than with people aren’t antisocial — they’re drawn to a form of connection where the terms are visible, the loyalty isn’t conditional, and the relationship doesn’t require them to monitor a constantly shifting set of expectations that human attachment taught them to treat as a second job

March 21, 2026
Iran launches missiles at U.K.-U.S. base 2,500 away in the Indian Ocean

Iran launches missiles at U.K.-U.S. base 2,500 away in the Indian Ocean

March 21, 2026
CLARITY Act May Still Delay Despite Stablecoin Yield Deal, Galaxy’s Alex Thorn Warns

CLARITY Act May Still Delay Despite Stablecoin Yield Deal, Galaxy’s Alex Thorn Warns

March 21, 2026
T-Mobile, Verizon, AT&T Go All-In On Discounts As Churn Surge Hits

T-Mobile, Verizon, AT&T Go All-In On Discounts As Churn Surge Hits

March 21, 2026
Verizon – VZ: eine Aktie für risikoscheue Anleger!

Verizon – VZ: eine Aktie für risikoscheue Anleger!

March 21, 2026
Buffett defends ‘Giving Pledge’ against Thiel and ‘billionaire backlash’

Buffett defends ‘Giving Pledge’ against Thiel and ‘billionaire backlash’

March 21, 2026
FeeOnlyNews.com

Get the latest news and follow the coverage of Business & Financial News, Stock Market Updates, Analysis, and more from the trusted sources.

CATEGORIES

  • Business
  • Cryptocurrency
  • Economy
  • Financial Planning
  • Investing
  • Market Analysis
  • Markets
  • Money
  • Personal Finance
  • Startups
  • Stock Market
  • Trading

LATEST UPDATES

  • Research suggests adults who find it easier to bond with animals than with people aren’t antisocial — they’re drawn to a form of connection where the terms are visible, the loyalty isn’t conditional, and the relationship doesn’t require them to monitor a constantly shifting set of expectations that human attachment taught them to treat as a second job
  • Iran launches missiles at U.K.-U.S. base 2,500 away in the Indian Ocean
  • CLARITY Act May Still Delay Despite Stablecoin Yield Deal, Galaxy’s Alex Thorn Warns
  • Our Great Privacy Policy
  • Terms of Use, Legal Notices & Disclaimers
  • About Us
  • Contact Us

Copyright © 2022-2024 All Rights Reserved
See articles for original source and related links to external sites.

Welcome Back!

Sign In with Facebook
Sign In with Google
Sign In with Linked In
OR

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Home
  • Business
  • Financial Planning
  • Personal Finance
  • Investing
  • Money
  • Economy
  • Markets
  • Stocks
  • Trading

Copyright © 2022-2024 All Rights Reserved
See articles for original source and related links to external sites.