U.S. Steel Reached Strategic Partnership with Carnegie Foundry

SEATTLE (Scrap Monster): Pittsburgh-based steelmaker United States Steel Corporation (U.S. Steel) announced strategic investment and partnership with Carnegie Foundry- a leading robotics and artificial intelligence (AI) studio that helps in launching robotics and AI companies.

The new partnership will work to scale industrial automation driven by advanced robotics and artificial intelligence. Meantime, the amount of investment was not disclosed. As part of the deal, U.S. Steel will join Oshkosh Corp. as an anchor investor in Carnegie Foundry and will join the company’s board of directors.

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David B. Burritt, President and Chief Executive Officer, U.S. Steel noted that the partnership with the clear leaders and innovators in autonomy will help the company to be at the forefront of emerging innovation in robotics and autonomous solutions for industry. It marks the ongoing progress of its Best for All strategy that aims to innovate new ways to serve its customers, he added.

Meantime, Carnegie Foundry CEO Dr. Robert J. Szczerba said that it is excited to have U.S. Steel as a key partner. The company’s innovations in automation complement U.S. Steel’s ongoing work, he noted.