From The Next Web · Cristian Dina · · 1m 10s
Bedrock Robotics raises $600M for autonomous diggers
The San Francisco startup has closed a $600M Series C at a $4.1bn valuation, bringing its total funding to nearly $1bn.
In brief
The San Francisco startup has closed a $600M Series C at a $4.1bn valuation, bringing its total funding to nearly $1bn. Bedrock Robotics raised six hundred million dollars at a four point one billion dollar valuation to expand its autonomous excavator system across new customer sites and states. Originally reported by…
Bedrock closes $600M Series C
Bedrock Robotics has raised six hundred million dollars in a Series C co-led by CapitalG and Emergence Capital, valuing the San Francisco startup at four point one billion dollars.
Autonomous excavators now doing paid work
Since mid-August, excavators running Bedrock's autonomy system with no one at the controls have done paid work on live job sites. The funding will expand machines to more customer sites.
“We have proven that fully autonomous excavators can perform real work of value alongside the crews and workflows already in place on job sites.”
Customer base doubles, expands to new states
Bedrock has more than doubled its customer base since twenty twenty-five. New customers include Haydon in Arizona, Wagner Construction in Minnesota, Smith Trucking Company in Florida, and B and S Site Development in Virginia.
Bedrock hires autonomous vehicle veterans
The company hired Amy Jones Satrom, formerly at Amazon, Nuro and Uber, as vice president of operations. Lando Juarez, ex-head of legal for Uber's autonomous mobility business, joins as general counsel.
The key point
Bedrock Robotics raised six hundred million dollars at a four point one billion dollar valuation to expand its autonomous excavator system across new customer sites and states.
