U.S. Steel Corp. Wednesday announced a strategic investment and partnership with Carnegie Foundry, a robotics and artificial intelligence studio that helps launch robotics and AI companies.
The two Pittsburgh-based companies will work to accelerate and scale up industrial automation driven by advanced robotics and AI.
The amount of the investment wasn’t disclosed.
“The Carnegie Foundry team are clear leaders and innovators in autonomy, and this partnership keeps us at the forefront of emerging innovation in robotics and autonomous solutions for industry,” U.S. Steel CEO David Burritt said in a statement. “These highly advanced technologies will be essential to continue fulfilling our customers’ needs for a robust and resilient supply chain.”
Carnegie Foundry said it will use the investment to accelerate venture opportunities by commercializing and scaling its industrial automation portfolio of robotics and AI technologies in advanced manufacturing, automated warehouses and supply chains, industrial robotics, integrated systems, autonomous mobility, voice analytics, and more.
“It’s our good fortune that we found investment, aligned mindsets and large-scale industrial specialization with the team at U.S. Steel,” said Carnegie Foundry CEO Robert J. Szczerba.
U.S. Steel joins Oshkosh Corp. as an anchor investor in Carnegie Foundry and will join the company’s board of directors.
Patricia Sabatini: PSabatini@post-gazette.com; 412-263-3066.
First Published: January 26, 2022, 5:44 p.m.