Company Overview - Gravis Robotics, a Zurich-based startup, has raised $23 million to expand operations in the U.K., U.S., and EU, with funding led by IQ Capital and Zacua Ventures [1] - Founded in 2022, Gravis aims to address the construction industry's talent shortage as many skilled machine operators are nearing retirement [2] Industry Context - There is a significant demand for renewable infrastructure, leading to a need for more operators in the construction sector, which is facing a talent shortage [3] - The autonomous construction equipment market was valued at $8.8 billion in 2023 and is projected to grow at over 7.5% annually through 2032 [4] Technology and Innovation - Gravis' technology reduces risky tasks for operators by adding cameras, sensors, and AI to existing heavy machinery, allowing for autonomous or remote-guided operation [5] - The use of Gravis' technology is attracting younger individuals to the construction field, as it allows them to operate machinery via a tablet instead of traditional joysticks [6] Market Presence - Gravis' machines are currently in use in seven countries across four continents, including Europe, the U.S., Latin America, and Asia, with clients such as Holcim and Taylor Woodrow [6]