Bedrock Robotics Raises $600 Million in Series C at $4.1 Billion Valuation

Bedrock Robotics raised $600 million in a Series C round that values the construction automation company at $4.1 billion, giving it more capital to bring autonomous equipment to additional projects.

CapitalG and Emergence Capital co-led the financing. New investors US Innovative Technology Fund, Bessemer Venture Partners and Temasek joined the round, along with existing backers 8VC, Georgian, Valor Equity Partners, Xora, Eclipse, Perry Creek Capital and Nvidia. Since its 2024 founding, Bedrock’s funding total has approached $1 billion.

Bedrock makes a retrofit kit that adds self-driving capability to construction and other worksite vehicles. Its excavators are in commercial use at a water-treatment facility in Nevada and an earthwork site operated by Champion Site Prep in Texas. Bedrock-equipped machines are also working on a civil construction project with Zachry Construction Corporation that covers 1.2 million cubic yards.

The company plans to deploy its technology at more construction sites and increase its capacity to support contractors as those deployments grow. Its newest partner, Arizona-based general contractor Haydon, plans to use Bedrock-equipped machines on projects in advanced manufacturing, water and wastewater infrastructure, data centers and health care.

The financing comes as Bedrock shifts from testing and pilot programs toward commercial work. The company was founded in 2024 by people with experience in autonomous vehicles and robotics. Co-founder and CEO Boris Sofman previously led Waymo’s self-driving trucks program and co-founded Anki Robotics, which made the Cozmo consumer robot. Bedrock co-founders Kevin Peterson and Ajay Gummalla also worked at Waymo, while co-founder Tom Eliaz previously worked at Segment and Twilio.

Bedrock has also added leaders as it expands commercial operations. Amy Jones Satrom, who previously worked at Amazon, Nuro and Uber, joined as vice president of operations. Lando Juarez, formerly head of legal for Uber’s autonomous mobility and delivery business, joined as general counsel.

The company’s focus on excavators is partly tied to a shortage of skilled operators. Mastering an excavator can take five years or longer. More than 40% of construction workers are expected to retire within five years. Bedrock sees autonomous equipment as one way to help contractors address that labor gap.