Bedrock Robotics Secures $600 Million in Series C Funding to Scale Autonomous Excavators
Bedrock Robotics has raised $600 million in a Series C funding round, bringing its total funding to nearly $1 billion since its inception. The round, co-led by CapitalG and Emergence Capital, values the two-year-old startup at $4.1 billion. The company specializes in autonomous driving kits that can be retrofitted onto existing construction vehicles, such as excavators. The capital injection follows a successful transition from pilot programs to active commercial operations at various sites, including projects managed by Zachry Construction Corporation and Champion Site Prep. Bedrock aims to address the critical labor shortage in the construction industry, where an aging workforce is expected to see 40% of workers retire within five years. The company plans to use the new funds to accelerate its commercial deployment, expand field infrastructure, and grow its team. Recent executive hires include Amy Jones Satrom as VP of Operations and Lando Juarez as General Counsel.
Topics: Autonomous Vehicles Construction Technology Robotics Venture Capital