:

GRAVIS ROBOTICS RAISES $200M FROM SOFTBANK

AI DESK1 MIN READ
MON, AUG 17, 2026

■ AI-SUMMARIZED FROM 1 SOURCE ▸ TIMELINE

ETH Zurich spinout Gravis Robotics secured $200 million in Series A funding from SoftBank Group to scale production of Gravis Rack, a retrofit autonomous control system for excavators.

The funding round represents the largest Series A investment in the robotics sector to date. Gravis Rack is an appliance that mounts directly onto existing excavators, enabling autonomous operation without requiring equipment replacement. The retrofit approach targets a market with substantial existing machinery, reducing barriers to adoption compared to purpose-built autonomous excavators. The technology addresses labor shortages and safety concerns in construction and mining sectors. SoftBank's investment underscores growing confidence in autonomous equipment for heavy industries. The funding will support manufacturing scale-up and market expansion beyond Gravis Robotics' Swiss headquarters. Gravis Robotics emerged from ETH Zurich, one of Europe's leading research institutions. The company joins a growing segment of startups adapting autonomous technology to heavy machinery and industrial applications.

■ SOURCES

Techmeme

■ SUMMARY WRITTEN BY AI FROM THE LINKS ABOVE

■ MORE FROM THE STARTUPS DESK

Voice AI startup Wispr secured a $280M Series B funding round led by Menlo Ventures, valuing the company at $2B. The round brings total funding to $361M as the company serves 100K business customers.

2H AGOAI Desk

AI video generation startup Higgsfield secured $400 million in funding from DST, Goldman Sachs, Liberty Global, Intel, and others, valuing the company at $5.4 billion—a fourfold increase from its $1.3 billion valuation in January.

8H AGOAI Desk

AI research company Pathway has raised $30 million in seed funding at a $500 million valuation. The startup is developing models based on its proprietary "Post-Transformer" BDH architecture.

YESTERDAYAI Desk

224 Ventures, a new AI-native investment firm founded by former AIX Ventures co-founder Shaun Johnson, ex-Google DeepMind researcher Oriol Vinyals, and AI pioneer Yann LeCun, plans to make seed-stage bets with over $100 million in assets under management.

AUG 14AI Desk

■ SUBSCRIBE TO THE DAILY BRIEF

ONE EMAIL, 5 STORIES, 06:00 UTC. UNSUBSCRIBE ANYTIME.