SoftBank plans to acquire Swiss AI startup Gravis Robotics
SoftBank Corp.
SoftBank Group is considering acquiring Swiss AI robotics startup Gravis Robotics AG, aiming to strengthen its presence in embodied intelligence and AI for robotics. The acquisition could be phased, potentially valuing Gravis at over $500 million.
According to reports on July 24, SoftBank Group is considering acquiring Swiss AI robotics startup Gravis Robotics AG to further invest in embodied intelligence and artificial intelligence supporting robotics. SoftBank plans to take a substantial equity stake in the startup and place it under its new AI and robotics entity, Roze. The deal may proceed in phases, including purchasing existing shares and injecting new capital over time, potentially valuing Gravis at over $500 million. Final terms regarding the size and structure of the transaction have not yet been determined.
Source: 36Kr —
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