CONNECT WITH US
Funding Tracker

Funding Tracker

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

TechCrunch - Funding logo

Published on

Add as a preferred source on Google
This startup’s self-driving excavators help dig up $600M in new funding

Bedrock Robotics has raised $600 million in a funding round that values the autonomous vehicle technology startup at $4.1 billion, marking a speedy ascent for the two-year-old company.

The Series C round, co-led by CapitalG and Emergence Capital, comes two months after the startup reached a key milestone: moving its autonomous excavators beyond testing and pilot programs and putting them to work on active construction sites.

Bedrock Robotics has developed a self-driving kit that can be retrofitted onto construction and other worksite vehicles. Excavators outfitted with Bedrock’s autonomous-driving tech are now commercially operating at a Nevada-based water treatment facility, an earthwork site run by Champion Site Prep in Texas, and a 1.2 million-cubic-yard civil sitework project with Zachry Construction Corporation.

Bedrock has raised nearly $1 billion since it was founded in 2024 by a group of autonomous vehicle and robotics industry veterans. Co-founder and CEO Boris Sofman previously led Waymo’s now-shuttered self-driving trucks program. Sofman also co-founded and led Anki Robotics, the maker of the popular Cozmo consumer robot, which shut down in 2019.

Other co-founders include Waymo veterans Kevin Peterson, Bedrock’s chief technology officer, and Ajay Gummalla, who serves as Bedrock’s vice president of engineering and infrastructure. Tom Eliaz, who previously worked at Segment and Twilio, is also a co-founder and VP of engineering and hardware.

The fresh capital will help Bedrock accelerate its transition to commercial work. The company plans to deploy its technology at more construction sites, while expanding the teams and infrastructure needed to support customers in the field.


Source link
Related Topics:Funding Tracker

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We TheMorningPulse.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It's possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.