Bedrock Robotics has raised $600 million in a Series C funding round that values the autonomous construction technology startup at $4.1 billion. The funding will support the company’s expansion from early commercial deployments to a broader rollout of autonomous excavators across construction sites.
The round was co-led by CapitalG and Emergence Capital, with participation from new investors US Innovative Technology Fund, Bessemer Venture Partners and Temasek. Existing backers, including 8VC, Georgian, Valor Equity Partners, Xora, Eclipse, Perry Creek Capital and Nvidia, also participated.
Founded in 2024, Bedrock has raised nearly $1 billion to date. The latest investment follows a milestone reached two months earlier, when the company moved its autonomous excavators beyond testing and pilot programmes into active commercial operations.
Autonomous Excavators Begin Commercial Work
Bedrock has developed a retrofit kit that enables construction and other worksite vehicles to operate autonomously. Its technology is now being used at several active projects, including a water treatment facility in Nevada, an earthwork site operated by Champion Site Prep in Texas, and a civil sitework project involving 1.2 million cubic yards of material with Zachry Construction Corporation.
The company plans to use the new funding to deploy its technology at additional sites and expand the teams and infrastructure required to support customers in the field.
“We have proven that fully autonomous excavators can perform real work of value alongside the crews and workflows already in place on job sites. The next challenge is delivering that capability to more contractors as a dependable part of how projects get built,” said co-founder and CEO Boris Sofman.
Construction Labour Shortages Drive Automation Interest
Bedrock is focusing on excavators partly because of the shortage of skilled equipment operators. The company says mastering excavator operation can take five years or more, while a growing share of the construction workforce approaches retirement.
Industry group Associated Builders and Contractors estimates that more than 40% of construction workers will retire within five years. Bedrock sees autonomous equipment as one potential way to help contractors address labour constraints and maintain project capacity.
Haydon Joins as Commercial Partner
Bedrock’s latest partner is Haydon, an Arizona-based general contractor that plans to deploy Bedrock-equipped machines across projects involving advanced manufacturing facilities, water and wastewater plants, data centres and healthcare facilities.
The partnership adds to the startup’s existing commercial deployments as it seeks to establish autonomous excavation as part of standard construction operations.
Company Expands Leadership Team
Bedrock has also appointed two executives to support its commercial growth. Amy Jones Satrom, who previously worked at Amazon, Nuro and Uber, has joined as vice president of operations. Lando Juarez, formerly head of legal for Uber’s autonomous mobility and delivery business, has been appointed general counsel.
Sofman previously led Waymo’s self-driving truck programme and co-founded Anki Robotics, a consumer robotics company known for its Cozmo robot. Other Bedrock co-founders include former Waymo employees Kevin Peterson, chief technology officer, and Ajay Gummalla, vice president of engineering and infrastructure, alongside Tom Eliaz, who previously worked at Segment and Twilio.
The new capital and leadership appointments are intended to help Bedrock scale deployments and support contractors as its autonomous construction technology moves into wider commercial use.