Heavy industry is an enormous global market. Based on data from Australia Mining Consultancy and Parker Bay Mining, the mining equipment industry alone is valued at close over $18 billion and expected to grow at a 7% CAGR<\/u><\/a>. But, the industry is threatened by productivity inefficiencies, safety issues and delays that derail project timelines and budgets. Autonomy addresses these issues head-on by delivering greater efficiency and 24\/7 productivityyet, less than 5% of mining vehicles worldwide are leveraging it. SafeAI is designed to meet this significant and increasing demand. With its scalable retrofit approach, SafeAI enables off-road heavy equipment owners to convertnot replaceaftermarket vehicles and fleets with autonomous technology, regardless of manufacturer or vehicle type. This scalable approach is critical to supporting accessibility and faster deployment of autonomous technology, and in reducing the barriers to entry to a wider swath of market participants.<\/p>\n There is a massive opportunity for autonomous technology within heavy industry; we believe SafeAI is the company to lead the charge, said Mark Blackwell, General Partner at Builders VC. SafeAI has developed their solution for scale and impact in a highly addressable off-road market that has an immediate need and proven traction. With a solution that is more broadly accessible to the industry, yet still powerful enough for the largest mining companies, SafeAI is set up to deliver industry transformation at scale.<\/p>\n With the new capital, SafeAI is focused on scaling their global operations team to support their growing customer base and on delivering contractual milestones. In addition, the company will continue advancing development of its industry-leading autonomous technology solution and investing in its developer and engineering teams, with a particular focus on hiring top-tier talent within the autonomous vehicle engineering space, including a Chief Technology Officer to lead the efforts. SafeAI is also expanding its global footprint into new geographies to meet the growing demand for off-road autonomy.<\/p>\n Moog Inc. is focused on enabling productivity, safety and sustainability when performance really matters. Our autonomy solutions transform equipment into high integrity robots, enabling autonomous operations in challenging environments, said Joe Baldi, Director of Strategy and Partnerships for the construction sector of Moog Inc. Through this investment in SafeAI, we can collaborate to accelerate the adoption of autonomy for heavy equipment and help companies across construction and mining realize the benefits to their operations<\/p>\n The funding comes on the heels of a year of momentous growth for SafeAI, including partnerships with MACA<\/u><\/a> to deploy 100 mining trucks, Siemens<\/u><\/a> on a collaboration for vehicle electrification and autonomy, and Obayashi Corporation<\/u><\/a> on developing solutions for construction. SafeAI has also continued to expand its staff within the U.S., Australia, Japan and India, more than doubling its headcount in 2022 to over 90 people. Additionally, the company grew its executive team this year to spearhead the next chapter of growth with new hires Anil Rachakonda, Senior Vice President (SVP) of Strategy & Partnerships, Sudhanshu Singh<\/u><\/a>, Senior Vice President (SVP) of Global Operations, and Rob Song<\/u><\/a>, Chief Financial Officer.<\/p>\n Autonomy has existed in mining for more than two decadesbut its growth has stalled when it needed to skyrocket. I founded SafeAI to change that, said Bibhrajit Halder, founder and CEO at SafeAI. Weve designed a flexible, interoperable, scalable retrofit model to enable companies across heavy industry to uplevel their operations. The mining industry has been successfully implementing Autonomy on a limited scale for years. Our approach is purpose-built to finally accelerate autonomous accessibility and deployment on a significant scale. This funding is just the beginning of our next chapter of expansion and growth.<\/p>\n Existing investors Autotech Ventures<\/u><\/a>, Brick & Mortar Ventures<\/u><\/a>, Embark Ventures<\/u><\/a>, Newlab<\/u><\/a>, and Vimson Group<\/u><\/a> also invested in the new round of funding. To learn more about SafeAI, visit www.safeai.ai. To join SafeAIs growing team, visit https:\/\/safeai.ai\/careers\/<\/u><\/a>.<\/p>\n About SafeAI<\/strong> Contact<\/strong> A OESP<\/b> nao e(sao) responsavel(is) por erros, incorrecoes, atrasos ou quaisquer decisoes tomadas por seus clientes com base nos Conteudos ora disponibilizados, bem como tais Conteudos nao representam a opiniao da OESP<\/b> e sao de inteira responsabilidade da GlobeNewswire<\/b><\/p>\n","protected":false},"excerpt":{"rendered":"SafeAI SANTA CLARA, Calif., Dec. 14, 2022 (GLOBE NEWSWIRE) — SafeAI, a global leader in autonomous solutions for heavy equipment, today announced a $38 million Series B round of funding with key","protected":false},"author":1,"featured_media":74689,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[34],"tags":[],"class_list":["post-74688","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-releases-geral"],"acf":[],"_links":{"self":[{"href":"https:\/\/bluestudio.estadao.com.br\/agencia-de-comunicacao\/wp-json\/wp\/v2\/posts\/74688","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bluestudio.estadao.com.br\/agencia-de-comunicacao\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bluestudio.estadao.com.br\/agencia-de-comunicacao\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bluestudio.estadao.com.br\/agencia-de-comunicacao\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bluestudio.estadao.com.br\/agencia-de-comunicacao\/wp-json\/wp\/v2\/comments?post=74688"}],"version-history":[{"count":0,"href":"https:\/\/bluestudio.estadao.com.br\/agencia-de-comunicacao\/wp-json\/wp\/v2\/posts\/74688\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bluestudio.estadao.com.br\/agencia-de-comunicacao\/wp-json\/wp\/v2\/media\/74689"}],"wp:attachment":[{"href":"https:\/\/bluestudio.estadao.com.br\/agencia-de-comunicacao\/wp-json\/wp\/v2\/media?parent=74688"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bluestudio.estadao.com.br\/agencia-de-comunicacao\/wp-json\/wp\/v2\/categories?post=74688"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bluestudio.estadao.com.br\/agencia-de-comunicacao\/wp-json\/wp\/v2\/tags?post=74688"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
SafeAI is a global autonomous solutions provider for heavy equipment leaders focused on advancing modern industry. SafeAI retrofits heavy equipment for autonomous applications in mining and construction to serve a massive ecosystem of industry players with complex needs. SafeAI enables equipment owners to transform existing machines into self-operating robotic assets with aftermarket hardware, advanced, proprietary autonomous technology and a scalable framework for deployment. SafeAI is headquartered in Santa Clara, CA and has offices in Perth, Australia, Tokyo, Japan and Delhi, India.<\/p>\n
LaunchSquad for SafeAI
safeai@launchsquad.com<\/u><\/a><\/p>\n
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