This startup’s self-driving excavators help dig up $600M in new funding

Bedrock Robotics has raised $600 million in a Series C round, valuing the company at $4.1 billion. The funding comes two months after the company moved its autonomous excavators from testing to active construction sites. The startup, which was founded in 2024, has raised nearly $1 billion since its inception. The new capital will help Bedrock accelerate its transition to commercial use. The company plans to deploy its technology at more construction sites and expand its team and infrastructure. Bedrock’s co-founder and CEO, Boris Sofman, stated that the technology can perform real work alongside existing crews and workflows. The startup is focusing on autonomous excavators due to a growing labor shortage and the retirement of construction workers.

• Bedrock Robotics raised $600 million in a Series C round, valuing the company at $4.1 billion.
• The round was co-led by CapitalG and Emergence Capital.
• The company has deployed its autonomous excavators at three construction sites: a Nevada-based water treatment facility, an earthwork site in Texas, and a 1.2 million-cubic-yard civil sitework project.
• Bedrock’s co-founder, Boris Sofman, previously led Waymo’s self-driving trucks program and co-founded Anki Robotics.
• The startup plans to expand its operations and infrastructure to support more contractors.
• Bedrock is targeting the growing labor gap in the construction industry by using autonomous driving tech.

The funding round also includes new investors such as US Innovative Technology Fund, Bessemer Venture Partners, and Temasek. The startup announced two executive hires: Amy Jones Satrom as vice president of operations and Lando Juarez as general counsel. The company is also expanding its reach with new partners like Haydon, an Arizona-based general contractor. The startup is betting that the industry will increasingly rely on autonomous driving tech to address the labor shortage.

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