Bedrock Robotics raises $600M for autonomous excavators
The Robot Report: 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 Ve
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A San Francisco-based company that automates large excavators has raised $600 million in funding, bringing its total to nearly $1 billion, at a $4.1 billion valuation. The company is addressing construction labor shortages by deploying fully autonomous heavy equipment on job sites across the U.S., with machines now working on projects involving data centers, healthcare facilities, and heavy civil infrastructure. Construction faces significant labor constraints, with 20% of workers over 55 and over 40% expected to retire in the next five years, while 87% of construction firms report openings for hourly craft positions that are difficult to fill. The new funding will accelerate deployment of autonomous machines to more contractors and expand into automating additional equipment types and potentially other industries like mining and agriculture that face similar labor constraints.
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