
MILPITAS, Calif., Oct. 26, 2021 (GLOBE NEWSWIRE) -- SafeAI, a global leader in autonomous heavy equipment, today announced a major global expansion with its entry into two new countries, Japan and India. With new offices and growing local teams in both markets, the company is poised to significantly accelerate the rollout of autonomous equipment across heavy industry, worldwide.
Both Japan and India represent tremendous opportunities for growth with large heavy equipment markets. Japan, in particular, boasts a massive construction sector, recently estimated at a value of more than 530 billion U.S. dollars. Already, SafeAI has a successful year-long partnership with Japanese construction giant Obayashi. The two companies are currently retrofitting an autonomous Caterpillar 725 to complete load-haul-dump cycles, a vital function on any mining or construction site. India, meanwhile, has a construction industry worth more than 35 billion U.S. dollars and a significant mining sector that produces 95 minerals and has an export value of approximately $4 billion U.S. dollars.
To support continued global growth, today SafeAI also announced that four new leaders have joined the team:
“Companies across heavy industry, and across the world, are eager to deploy autonomous solutions for safer, more productive sites,” said Bibhrajit Halder, founder and CEO of SafeAI. “To meet this skyrocketing demand, we need both the geographic reach and the expertise to meet our customers where they are and ensure a successful deployment. Lisa, Ryo, Sudarshan and Rob all bring invaluable experience to guide our team through the next chapter.”
This expansion comes on the heels of a busy year for SafeAI’s growing business that has also included launching in Canada and Australia, securing a $21 million Series A round and launching an industry-first operating system. To learn more about SafeAI, visit www.safeai.ai.
About SafeAI
SafeAI is a global autonomous heavy equipment leader 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. By building a software platform with the most advanced, industry-specific AI, SafeAI enables equipment owners to transform existing machines, including skid steers, F-150s and articulated dump trucks, into self-operating robotic assets. SafeAI is based in Milpitas, CA.
Contact
LaunchSquad for SafeAI
safeai@launchsquad.com
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