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US Steel Invests in Warehouse Robotic Storage and Retrieval Startup
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US Steel Invests in Warehouse Robotic Storage and Retrieval Startup
Mar 11, 2024 7:23 AM

09:48 AM EDT, 03/11/2024 (MT Newswires) -- US Steel (X) on Monday said it made a strategic investment in Freespace Robotics, a Pittsburgh-based manufacturer of robotic storage and retrieval systems used in warehouse facilities.

The companies didn't disclose the size of the US Steel investment although they said the new funding will help Freespace hire and retain local talent as well as attract new workers to western Pennsylvania. Jim Cook, the director of strategy and corporate development at US Steel, will join the Freespace board of directors, they added.

Freespace was developed at and eventually spun out of the Carnegie Foundry, a robotics and artificial intelligence venture studio affiliated with the Carnegie Mellon University in Pittsburgh.

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