- Oshkosh Corp OSK has entered a strategic partnership and invested in Carnegie Foundry to accelerate innovation in autonomy and robotics. The financial terms of the deal were not disclosed.
- Carnegie Foundry is a robotics and artificial intelligence (AI) venture studio based in Pittsburgh, Pennsylvania.
- Carnegie Foundry has an existing relationship with the National Robotics Engineering Center (NREC) at Carnegie Mellon University.
- The new partnership will build upon this relationship and complement Oshkosh's ongoing autonomous vehicles and equipment work.
- As part of the strategic alliance, a member of Oshkosh will join the Carnegie Foundry Board of Directors.
- Price Action: OSK shares are trading lower by 2.14% at $105.86 on the last check Monday.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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