Exclusive: Gravis Robotics raises $23M to tackle construction's labor shortage with AI-powered machines [Fortune]
VINCI SA UNSP/ADR (VCISY)
NASDAQ:AMEX Investor Relations:
vinci.com/vinci.nsf/en/investors.htm
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Source: Fortune
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. Recommended Video 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 t
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