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Bedrock Robotics raises $600M Series C at $4.1B valuation
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Bedrock Robotics, a two-year-old autonomous vehicle technology startup, has raised $600 million in a Series C round co-led by CapitalG and Emergence Capital, valuing the company at $4.1 billion. The funding comes two months after Bedrock moved its self-driving excavator kits beyond testing into commercial operation at active construction sites in Nevada, Texas, and a Zachry Construction project. Bedrock, founded in 2024 by former Waymo and Anki Robotics veterans including CEO Boris Sofman, has raised nearly $1 billion to date. The company focuses on autonomous excavators partly because of a growing shortage of skilled operators; it says mastering an excavator takes five years or more, and the Associated Builders and Contractors estimates over 40% of construction workers will retire in the next five years. Bedrock plans to deploy its technology at more sites and has announced new partner Haydon and two executive hires.
Source report
Published: October 26, 2026
Bedrock Robotics has raised $600 million in a funding round that values the autonomous vehicle technology startup at $4.1 billion, marking a speedy ascent for the two-year-old company.
The Series C round, co-led by CapitalG and Emergence Capital, comes two months after the startup reached a key milestone: moving its autonomous excavators beyond testing and pilot programs and putting them to work on active construction sites.
Technology and Deployment
Bedrock Robotics has developed a self-driving kit that can be retrofitted onto construction and other worksite vehicles. Excavators outfitted with Bedrock's autonomous-driving tech are now commercially operating at:
- A Nevada-based water treatment facility
- An earthwork site run by Champion Site Prep in Texas
- A 1.2 million-cubic-yard civil sitework project with Zachry Construction Corporation
Company Background
Bedrock has raised nearly $1 billion since it was founded in 2024 by a group of autonomous vehicle and robotics industry veterans.
Co-founder and CEO Boris Sofman previously led Waymo's now-shuttered self-driving trucks program. Sofman also co-founded and led Anki Robotics, the maker of the popular Cozmo consumer robot, which shut down in 2019.
Other co-founders include:
- Kevin Peterson — Chief Technology Officer; Waymo veteran
- Ajay Gummalla — Vice President of Engineering and Infrastructure; Waymo veteran
- Tom Eliaz — Vice President of Engineering and Hardware; previously worked at Segment and Twilio
Use of Funds
The fresh capital will help Bedrock accelerate its transition to commercial work. The company plans to deploy its technology at more construction sites while expanding the teams and infrastructure needed to support customers in the field.
"We have proven that fully autonomous excavators can perform real work of value alongside the crews and workflows already in place on job sites. The next challenge is delivering that capability to more contractors as a dependable part of how projects get built."
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— Boris Sofman, Co-founder and CEO
Addressing the Labor Gap
Bedrock is particularly focused on autonomous excavators, in part because of a growing shortage of skilled operators. According to Bedrock, it takes five years or more to master operating an excavator. Meanwhile, a growing number of construction workers are approaching retirement age. The Associated Builders and Contractors, a national construction industry trade association, estimates that more than 40% of construction workers will retire in the next five years.
Bedrock is betting that the industry will increasingly turn to autonomous driving tech to help close that labor gap.
New Partnerships and Investors
The startup's newest partner is Haydon, an Arizona-based general contractor that plans to use Bedrock-equipped machines across a range of projects, including advanced manufacturing facilities, water and wastewater, data centers, and healthcare facilities.
New investors US Innovative Technology Fund (USIT), Bessemer Venture Partners, and Temasek participated in the round, alongside existing investors 8VC, Georgian, Valor Equity Partners, Xora, Eclipse, Perry Creek Capital, and Nvidia.
Executive Hires
The startup also announced two executive hires as it scales commercial operations:
- Amy Jones Satrom — Vice President of Operations; veteran of Amazon, Nuro, and Uber
- Lando Juarez — General Counsel; formerly head of legal for Uber's autonomous mobility and delivery business
Source
TechCrunchNeutral / independent