Bedrock Robotics raised a $600 million Series C at a $4.1 billion post-money valuation, co-led by CapitalG and Emergence Capital, bringing the company's total funding to nearly $1 billion. Bedrock builds autonomous systems that retrofit onto heavy construction equipment contractors already own, starting with excavators.
The round brought in the US Innovative Technology Fund, Bessemer Venture Partners and Temasek as new investors, alongside existing backers 8VC, Georgian, Valor Equity Partners, Xora, Eclipse, Perry Creek Capital and Nvidia. The San Francisco company was founded in 2024 and is led by engineers who previously worked on self-driving systems at Waymo.
“We have proven that fully autonomous excavators can perform real work of value”— Boris Sofman, Co-founder and CEO of Bedrock Robotics
Bedrock's fully autonomous excavators began paid work on live commercial job sites in mid-August 2026. Customer volume has more than doubled since 2025, though the company did not disclose how many machines are in the field.
Key facts
- 01Bedrock Robotics raised $600 million in a Series C at a $4.1 billion post-money valuation, co-led by CapitalG and Emergence Capital.
- 02Total funding is now close to $1 billion for the company, founded in 2024 and led by former Waymo engineers.
- 03Its fully autonomous excavators began paid work on live commercial job sites in mid-August 2026.
- 04New investors include US Innovative Technology Fund, Bessemer Venture Partners and Temasek; Nvidia is an existing backer.
- 05The announcement cites roughly 1.7 million construction openings each year through 2035, with 88% of firms calling the roles as hard or harder to fill.
The retrofit approach is the strategic bet. Rather than selling new machines, Bedrock adds its autonomy stack to equipment a contractor has already bought, which keeps the hardware cost of adoption low. The roadmap runs from single excavators toward mixed fleets that orchestrate work across a job site.
Haydon, an employee-owned contractor based in Tempe, Arizona, is running the system on a remote site in Texas for autonomous earthwork, and plans to test trench work and larger machines next.
“For us, the biggest win is a safer, more predictable job site”— Katie Haydon, CEO and Chair of Haydon
Other new customers named in the announcement include Wagner Construction in Minnesota, Smith Trucking Company in Florida, B&S Site Development in Virginia, Native Excavating in Colorado, Clarkson Construction in Missouri, C.W. Matthews in Georgia, and selected ArchKey Solutions projects in Arkansas.
The labor math is the pitch. Bedrock's announcement cites approximately 1.7 million construction openings each year through 2035, with 87% of firms reporting openings for hourly craft positions and 88% saying those roles are as hard or harder to fill than a year ago.
“Bedrock's AI lets heavy equipment reason through and adapt to the unpredictability of a live job site.”— Jake Saper, General Partner at Emergence Capital
The company also added two executives. Amy Jones Satrom joins as VP of Operations after stints at Amazon, Nuro and Uber, and Lando Juarez joins as General Counsel after leading legal for Uber's Autonomous Mobility and Delivery business.
Derek Zanutto, a general partner at CapitalG, said in the announcement that construction "sits at the foundation of nearly every major economic and industrial ambition in the United States" and that "We cannot afford to take decades developing advanced robotics for this critical industry."
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