Bedrock Robotics raises USD 600M Series C for autonomous excavators
Bedrock Robotics, which retrofits excavators to run without an operator, has raised a USD 600 million Series C co-led by CapitalG, Alphabet's growth fund said in a post on Oct 26. The Robot Report and Bloomberg put the valuation at USD 4.1 billion with Emergence Capital as co-lead; the company has not published those figures itself.
It is the largest construction-robotics round MEKAWIRE has recorded, nine months after a USD 270 million Series B.
Bedrock Robotics has raised USD 600 million in a Series C round, CapitalG said in a post on its website on Oct 26 announcing that it co-led the deal, less than a year after it led the San Francisco company's Series B. Bedrock fits reversible autonomy hardware and software to excavators that contractors already own, and its machines began paid, fully autonomous work on live commercial sites in August, according to the post.
The Robot Report and Bloomberg reported a USD 4.1 billion valuation and named Emergence Capital as the other co-lead, with Bessemer Venture Partners, Temasek and the US Innovative Technology Fund joining existing backers including 8VC, Valor Equity Partners, Eclipse and NVIDIA. Bedrock has not published a release with those figures, so MEKAWIRE treats the valuation and the investor list as reported. CapitalG names Haydon, Wagner Construction, Clarkson Construction, C.W. Matthews and ArchKey Solutions among the customers and says the customer base has more than doubled since 2025, with first sites in the Midwest and South Atlantic. Chief executive Boris Sofman told The Robot Report the 2027 goal is triple-digit machine counts working autonomously.
In MEKAWIRE's database the round is the largest in construction robotics: Bedrock's own USD 270 million Series B in February (USD 1.75 billion, per the company), ICON's USD 200 million Series D for 3D-printed homes on Oct 13 and Built Robotics' USD 64 million Series C in 2022. Bedrock has now raised about USD 950 million in 15 months (80 + 270 + 600). If the reported valuation holds, it rose 2.3 times in nine months.
Why it matters: excavator autonomy is moving from pilots to paid work, and money is following. In Korea, HD Hyundai XiteSolution started a KRW 6.33 billion government project for AI unmanned excavators on Oct 25, a fraction of this round.