Bedrock Robotics digs up $600M in new funding

This audio is auto-generated. Please let us know if you have feedback . Dive Brief: Bedrock Robotics, which provides technology that turns heavy equipment into autonomous machines, raised $600 million in a Series C funding round, the firm announced Monday.

Investors CapitalG and Emergence Capital co-led the round, which brings Bedrock’s total funding to nearly $1 billion with a post-money valuation of $4.1 billion for the overall enterprise. The raise further illustrates how physical artificial intelligence has made inroads in the construction space.

In August, Gravis Robotics, a Swiss startup backed by investment giant Softbank, raised $200 million in a Series A , and last year, Bill Gates-backed FieldAI raised $405 million . Dive Insight: With the new funds, the firm aims to move beyond excavators toward mixed fleets of heavy machinery, according to the announcement.

Bedrock, since 2025, has more than doubled its customer volume, per its release. The firm already counts industry heavyweights Sundt Construction and Zachry Construction among its customers , and Bedrock stressed in its release that its machines are doing paid work on active construction sites.

One of these builders is Tempe, Arizona-based Haydon, which will use these machines across building and heavy civil projects, including data center jobs. “Bedrock’s technology helps us work more efficiently and take on more of the work our communities need, without placing additional strain on our crews,” said Katie Haydon, Haydon’s CEO and chair, in the announcement.

Other customers include, per the announcement: International Falls, Minnesota-based Wagner Construction. Manassas, Virginia-based B&S Site Development. Steamboat Springs, Colorado-based Native Excavating.

Kansas City, Missouri-based Clarkson Construction. Marietta, Georgia-based C.W. Matthews.

St. Augustine, Florida-based Smith Trucking Co. St.

Louis-based ArchKey Solutions, for selected projects in Arkansas. Compared to other segments within the construction technology space, the investment amounts flowing into robotics and physical AI have stood out. Contech firms often raise funds in totals under $50 million .

Recent examples include Miter at $40 million, Wint at $36 million and Adaptive at $30 million. One firm that breaks the mold is Icon, which uses robots to 3D print large structures. The company announced that it had raised $200 million in a Series D round on Oct.

13. Indeed, investors such as Matter Venture Partners are seizing the opportunity to put cash into the physical AI space. The firm announced its second fund in September, at a total of $450 million , would go toward startups in robotics, semiconductors and physical AI.

“If AI is going to eat the world, hardware will be its teeth,” said Haomiao Huang, founding partner at Matter Venture Partners, in the announcement. In an interview with Forbes , Huang pointed to a collection of circumstances influencing the growth, which include improvements in AI models, compute power and a spike in demand due to onshoring and data center construction.

“That creates an infinite amount of demand for robots, which means capital is going to flow in,” Huang told Forbes. “And so when you have the models available, the compute available, and the demand there, that’s what creates this magical golden age.” For Bedrock, the company believes that the large funding rounds are a response to the company’s business trajectory and a realization by customers that autonomy is becoming a part of how projects get built, according to a spokesperson.

Alongside its additional customers, San Francisco-based Bedrock aims to expand its infrastructure across the business and has hired two new executives, per the announcement — Amy Jones Satrom as vice president of operations, and Lando Juarez as general counsel.