Gravis Robotics, which adds cameras, sensors, and AI to heavyweight construction machines so they can operate autonomously, raised $23M led by IQ and Zacua (Beatrice Nolan/Fortune)

• Gravis Robotics, a Zurich-based startup, has successfully raised $23 million in funding, led by IQ and Zacua, to enhance its autonomous technology for heavyweight construction machines through the integration of cameras, sensors, and artificial intelligence.
• This funding is significant for Gravis Robotics as it aims to address the ongoing labor shortage in the construction industry by providing advanced automation solutions, potentially transforming how construction projects are executed and managed.
• The rise of AI-driven technologies in various sectors, including construction and cybersecurity, reflects a broader trend towards automation and efficiency, as seen in other recent funding successes, such as Doppel's $70 million raise for AI social engineering detection, highlighting the increasing reliance on AI solutions across industries.

— via World Pulse Now AI Editorial System