Mentioned:
A San Francisco startup wants to change the future of autonomous construction equipment. And they’ve just raised hundreds of millions of dollars to do it.
What’s happening:
- Bedrock Robotics has successfully raised $600M USD in a new Series C financing round
Why it matters:
- Bedrock Robotics has developed hardware and software that is capable of being used by excavators to operate fully autonomously
Going deeper:
- Bedrock Robotics has publicly stated that they have more than doubled their customer base over the last year
- Capital G and Emergence Capital led the new Series C financing round for Bedrock Robotics alongside of participation from Valor Equity Partners and Nvidia (NASDAQ: NVDA)
The intrigue:
- Palantir (NASDAQ: PLTR) co-founder Joe Lonsdale’s venture capital fund 8VC notably led the Series A financing round for Bedrock Robotics
