SafeAI, a global leader in autonomous heavy equipment, 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 $530bn. 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 $35bn and a significant mining sector that produces 95 minerals and has an export value of approximately $4bn.
“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.”
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.
