Bedrock Robotics raises $600M Series C at $4.1B valuation for autonomous excavators

Autonomous excavators move from pilots to live job sites

Bedrock Robotics, a startup founded in 2024 that builds autonomy systems for heavy machinery, has raised $600 million in a Series C round valuing the company at $4.1 billion, according to TechCrunch. CapitalG and Emergence Capital co-led the round, which closed just two months after the company crossed a threshold many robotics firms never reach: its excavators transitioned from testing and pilot programs into commercial work on operating construction sites.

As TechCrunch reports, machines running Bedrock's software are currently working at three locations: a water treatment facility in Nevada, an earthwork site in Texas run by Champion Site Prep, and a 1.2 million-cubic-yard civil sitework project for Zachry Construction Corporation. The company has also signed Haydon, an Arizona-based general contractor, as its newest partner. Haydon plans to deploy Bedrock-equipped machines across a range of projects, including advanced manufacturing facilities, water and wastewater work, data centers and healthcare facilities.

Retrofitting rather than replacing

Bedrock's core product is an aftermarket autonomy kit that can be installed on construction equipment and other worksite machines, rather than requiring fleets built from scratch. Its focus is excavators, and the commercial logic rests heavily on labor demographics. Bedrock says it takes five years or more to master operating an excavator, while the Associated Builders and Contractors trade association estimates that more than 40% of construction workers will retire within the next five years. The company is betting contractors will turn to automation to absorb that gap.

The new funding is intended to accelerate the shift to commercial work: deploying the technology at more construction sites and expanding the field teams and support infrastructure needed to serve customers, TechCrunch notes.

A founding team of autonomy veterans

Bedrock has now raised nearly $1 billion since its 2024 founding. Its leadership is drawn heavily from the autonomous vehicle world. CEO Boris Sofman previously led Waymo's self-driving truck program, which has since been shut down, and earlier co-founded and ran Anki Robotics, the consumer robotics company behind the Cozmo robot that closed in 2019. Co-founders Kevin Peterson, the chief technology officer, and Ajay Gummalla, vice president of engineering and infrastructure, are also Waymo alumni. A fourth co-founder, Tom Eliaz, previously worked at Segment and Twilio and serves as VP of engineering and hardware.

In a statement, Sofman said the company has demonstrated that fully autonomous excavators can carry out genuinely useful work alongside the crews and workflows already present on job sites, and framed the next challenge as delivering that capability dependably to a much larger base of contractors.

New backers and executive hires

New investors in the round include US Innovative Technology Fund, Bessemer Venture Partners and Temasek. They join existing backers 8VC, Georgian, Valor Equity Partners, Xora, Eclipse, Perry Creek Capital and Nvidia.

Bedrock also announced two executive appointments alongside the funding. Amy Jones Satrom, whose background includes stints 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, was hired as general counsel.

Why it matters

A $4.1 billion valuation for a two-year-old company is a striking bet on its own, but the more meaningful signal is that Bedrock's machines are reportedly doing paid work on live sites rather than running demos. The round also illustrates where autonomous vehicle talent and capital are heading: veterans of the self-driving car industry are redirecting the same perception-and-control stack toward heavy equipment, where skilled labor shortages create urgent demand and worksites are more structured than open city streets. If retrofit kits can make existing excavator fleets autonomous, construction firms could adopt the technology without replacing their installed base of machines, lowering the barrier to entry for an industry that has historically been slow to automate. Nvidia's continued presence among the investors suggests the underlying compute and platform layer is viewed as central to that transition, not incidental to it.