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

October 27 — According to Bloomberg, U.S. autonomous construction machinery startup Bedrock Robotics announced a $600 million Series C funding round at a $4.1 billion valuation. Its valuation was $1.75 billion when it raised in February this year. The round was co-led by CapitalG and Emergence Capital, with participation from Valor Equity Partners, 8VC, Nvidia's NVentures, Eclipse, Georgian, Perry Creek Capital and Temasek. With this round, the company's cumulative funding has reached nearly $1 billion. The new capital will be used to expand paid deployments. The company develops autonomous excavators and other construction machinery, and has been taking on paid construction work at commercial job sites since August. The company's co-founder and CEO is Boris Sofman.