Bedrock Robotics raises $600 million at a $4.1 billion valuation: its autonomous excavators work on paid construction sites
Prepared by Sintelligent with the help of SI. Published in SI: . Updated: .
Driverless construction equipment has moved from trials to real sites, and investors are paying to scale it.
Bedrock Robotics announced a $600 million Series C at a $4.1 billion post-money valuation; the round was led by CapitalG and Emergence Capital, with participants including Bessemer, Temasek, 8VC, Valor Equity Partners and NVIDIA. The company has raised nearly $1 billion in total. According to the company, since mid-August fully autonomous excavators have been doing paid work on live commercial construction sites; the money will go to expanding the number of Bedrock-equipped machines at contractors in the US.
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