Bedrock Robotics, a San Francisco startup that retrofits heavy equipment with self-driving technology, has raised $600 million in a Series C that values it at $4.1 billion. CapitalG and Emergence Capital co-led the round, which takes the company's funding since its 2024 founding to nearly $1 billion.
“If AI is going to eat the world, hardware will be its teeth”
Haomiao Huang, founding partner at Matter Venture Partners, as quoted by Construction Dive · constructiondive.com ↗
The money is meant to put the machines on more job sites, grow the field teams that support customers and build out infrastructure. Bedrock also wants to move beyond excavators toward mixed fleets of heavy machinery. Its customer volume has more than doubled since 2025, with Sundt Construction and Zachry Construction among the builders using it.
The newest partner is Haydon, a contractor based in Tempe, Arizona, which will use the technology on data centers, water plants, manufacturing and healthcare projects. Its chief executive says the system lets crews take on more of the work their communities need without extra strain. Other customers include Wagner Construction, B&S Site Development, Native Excavating, Clarkson Construction, Smith Trucking and ArchKey Solutions.
The round is large for its sector. Typical construction-tech raises run under $50 million, such as Miter's $40 million, Wint's $36 million and Adaptive's $30 million, while Icon, which 3D prints buildings with robots, raised a $200 million Series D on 13 October. A Bedrock spokesperson reads big rounds as a sign of the company's trajectory and of customers treating autonomy as part of how projects get built.
About Bedrock Robotics
Bedrock Robotics is a San Francisco autonomous-vehicle startup, founded in 2024, that makes a self-driving kit retrofitted onto excavators and other worksite vehicles. It was co-founded by Waymo and robotics veterans, and chief executive Boris Sofman previously led Waymo's self-driving trucks program, which has since shut down.
Sofman has been through a hardware shutdown before: he earlier co-founded and led Anki Robotics, maker of the consumer robot Cozmo, which closed in 2019. About two months before this round, Bedrock took its autonomous excavators beyond testing and pilots onto active construction sites.
Investors are leaning into physical AI more broadly. Matter Venture Partners closed a $450 million second fund in September for robotics, chips and physical AI, and its Haomiao Huang points to better models, cheaper compute and demand from onshoring and data centers as the drivers of a golden age for robots. Bedrock's own next step is to deploy at more sites and add the staff to support them.
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