Iván Hernández Dalas: Bedrock Robotics nears $1B in total funding as demand for autonomous heavy equipment surges
Bedrock Robotics automates large excavators to improve construction site economics. | Credit: Bedrock Robotics San Francisco-based Bedrock Robotics has raised $600 million in Series C funding, co-led by CapitalG and Emergence Capital, at a $4.1 billion valuation. The round brings its total funding to nearly $1 billion as it scales fully autonomous heavy equipment to address nationwide construction labor shortages. The round included new investors US Innovative Technology Fund (USIT), Bessemer Venture Partners, and Temasek, alongside existing investors 8VC, Georgian, Valor Equity Partners, Xora, Eclipse, Perry Creek Capital, NVIDIA, and others. Bedrock said this will accelerate the deployment of Bedrock-equipped machines across commercial construction sites across the U.S., helping contractors use existing heavy equipment more safely, predictably, and at greater capacity. The new capital follows a rapid commercial expansion beyond the company ’s initial footprint in the West and Cen...