Autonomous excavator startup Bedrock Robotics raises $600 million Series C at a $4.1 billion post-money valuation

Mon, Oct 26 21:35 UTC+8Updated Tue, Oct 27 01:45 UTC+8

Bedrock Robotics announced on Oct 26 a $600 million Series C co-led by CapitalG and Emergence Capital, with Bessemer, Temasek and NVIDIA among participants, bringing total funding to nearly $1 billion. Founded by former Waymo engineers, it retrofits existing excavators with autonomy and since August has done paid, fully driverless earthwork on commercial sites. The money will scale deployments.

Why it matters

A two-year-old company valued at $4.1 billion shows investors betting that driving autonomy can move from roads into heavy-equipment physical work.

Sources2

Bedrock RoboticsMediaMon, Oct 26 21:35 UTC+8Bedrock Robotics Raises $600 Million Series C to Scale Autonomous Construction Equipment Across U.S. SitesView original · via GlobeNewswire · Mon, Oct 26 21:35 UTC+8
TechCrunchMediaTue, Oct 27 01:45 UTC+8This startup's self-driving excavators help dig up $600M in new fundingView original · Tue, Oct 27 01:45 UTC+8

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