Dive Brief:
- Bedrock Robotics, a construction technology firm that retrofits existing heavy machinery with autonomous technology, has raised $270 million in a Series B funding round, according to a Feb. 4 news release from the firm. The round brings the company’s total funding to over $350 million and its valuation to $1.75 billion.
- The firm’s flagship product is the Bedrock Operator, which uses lidar, GPS and motion sensors to enable existing equipment to navigate and perform work on jobsites autonomously. Bedrock says it mounts to machines in only a few hours, with no downtime or permanent modifications to the equipment.
- The funding round is the latest example of a major shift occurring in equipment on the jobsite, as Bedrock is not the first company with an explosive, multimillion-dollar funding round in recent months.
Dive Insight:
Bedrock’s funding rise has been meteoric — it launched out of stealth in July 2025 with $80 million in Seed and Series A funding. Further, in November, it completed a large-scale supervised autonomy test on a 130-acre manufacturing site for mass excavation via a partnership with Tempe, Arizona-based Sundt Construction.
Bedrock’’s Series B round is another stroke of evidence that venture capital in the contech space is looking for more mature companies to invest in. To that end, the round isn’t the only massive raise in the area of autonomous robotics — last summer FieldAI, which creates a software brain for robotics on the jobsite, raised $405 million.
In addition, Bedrock’s funding signals a huge shift toward automating heavy equipment, Dan Laboe, founding principal of Nymbl Ventures, told Construction Dive. Laboe posited that a driving force of that trend is construction’s woeful comparison to other industries on productivity gains.
“It’s not just the U.S., it’s globally, and I think one of the big things is that the equipment just has not increased in efficiency,” Laboe told Construction Dive. “That's where something like Bedrock and all the other heavy equipment automators are coming into play.”
The round was co-led by CapitalG and the Valor Atreides AI Fund, according to the news release. Other investors include real estate firm Tishman Speyer and the Massachusetts Institute of Technology. Notably, investor NVentures — chipmaker Nvidia’s venture capital arm — also pumped cash into FieldAI.
With the funding, Bedrock aims to advance its primary goal of deploying individual autonomous machines on construction sites as well as fully orchestrated fleets to increase productivity and safety.
“The construction industry is being asked to build more than it can deliver," said Boris Sofman, co-founder and CEO of Bedrock Robotics, in the news release. "Contractors are pulled across competing priorities with the same limited workforce and equipment. This funding helps us scale our development and deployments as we mature autonomy capabilities and the tools for contractors to leverage them.”
