San Francisco-based Bedrock Robotics has raised a $600M Series C co-led by CapitalG and Emergence Capital. The round values the company at $4.1bn and brings total funding to nearly $1bn. Its self-driving excavators are now taking on paid work.
Bedrock Robotics has closed a $600M Series C co-led by CapitalG and Emergence Capital. The company said the round values it at $4.1bn after the money.
That brings total funding to nearly $1bn. Bloomberg first reported the round.
Bedrock was valued at $1.75bn when it raised in February. The new round more than doubles that figure in roughly eight months.
The company builds self-driving heavy machinery. Its autonomous excavators are now doing paid work for customers, a notable step toward commercial deployment of autonomous construction equipment.
Construction and mining are among the most tangible applications for autonomous driving tech. A large raise plus paid deployments signal growing investor confidence in the sector.
A concrete example of autonomous heavy machinery moving into paid commercial work; worth a short take on where investor interest is heading.
