On October 26, 2026, Bedrock Robotics announced a $600 million Series C at a $4.1 billion post-money valuation, according to a Bedrock Robotics press release via GlobeNewswire. The round was co-led by CapitalG and Emergence Capital, with new investors US Innovative Technology Fund (USIT), Bessemer Venture Partners, and Temasek, alongside existing backers 8VC, Georgian, Valor Equity Partners, Xora, Eclipse, Perry Creek Capital, NVIDIA, and others. The financing brings Bedrock's total funding to nearly $1 billion and is meant to accelerate how many Bedrock-equipped machines work on commercial construction sites across the U.S.
Key facts
| Item | Detail |
|---|---|
| Round | $600M Series C at $4.1B post-money valuation (Bedrock / GlobeNewswire) |
| Co-leads | CapitalG and Emergence Capital |
| New investors | USIT, Bessemer Venture Partners, Temasek |
| Existing investors | 8VC, Georgian, Valor Equity Partners, Xora, Eclipse, Perry Creek Capital, NVIDIA, and others |
| Total funding | Nearly $1 billion (per release) |
| Founded | 2024 (per release and TechCrunch) |
| Product | Retrofit self-driving kit for heavy equipment, starting with fully autonomous excavators |
| Milestone | In mid-August 2026, fully autonomous excavators performed paid work on live commercial job sites (per release) |
| Use of proceeds | Expand deployments with more contractors; build field, commercial, and operational infrastructure (per release) |
From founding to paid earthwork in two years
TechCrunch frames the Series C as a fast climb for a two-year-old company: the round lands roughly two months after Bedrock moved autonomous excavators beyond tests and pilots onto active construction sites. Bedrock sells a retrofit self-driving kit for existing heavy equipment; TechCrunch reports commercial operations at a Nevada water treatment facility, an earthwork site run by Champion Site Prep in Texas, and a 1.2 million-cubic-yard civil sitework project with Zachry Construction Corporation. The GlobeNewswire release ties the same mid-August milestone to paid work on live commercial job sites and says Bedrock is now scaling deployments while building field, commercial, and operational infrastructure.
Team, customers, and labor context
CEO Boris Sofman previously led Waymo's self-driving trucks program and co-founded Anki, per TechCrunch; co-founders include Waymo veterans Kevin Peterson (CTO) and Ajay Gummalla (VP of engineering and infrastructure). Bedrock also hired Amy Jones Satrom as VP of operations and Lando Juarez as general counsel to support scaling field operations and autonomy partnerships, according to the release and TechCrunch.
The release says contractors are turning to automation as skilled-trades hiring stays tight—through 2035, roughly 1.7 million openings per year must be filled, and 87% of construction firms report hourly craft openings, with 88% saying those roles are as hard or harder to fill than a year ago. Bedrock says it has more than doubled customer volume since 2025. Haydon, a Tempe, Arizona–based employee-owned contractor, is deploying Bedrock on a remote Texas earthwork site and plans broader use across manufacturing, water, data centers, and healthcare projects. TechCrunch notes excavator mastery can take five years or more, while the Associated Builders and Contractors estimates more than 40% of construction workers will retire in the next five years—context for why Bedrock is pushing autonomous excavators now.
Existing investor NVIDIA participated again alongside the co-leads; see Nvidia to Invest $3B in Meta as Muse AI Partnership Expands for NVIDIA's wider 2026 AI bets. The release also names new customers in new regions, including Wagner Construction, Smith Trucking Company, B&S Site Development, Native Excavating, Clarkson Construction, C.W. Matthews, and ArchKey Solutions projects in Arkansas.
What Sofman said
In the GlobeNewswire release, Sofman said: "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." He said the funding supports expanded deployments, stronger field operations, and more partners integrating intelligent systems into everyday work.
Why it matters
Bedrock is a flagship physical AI story for 2026: paid autonomous excavator work on commercial sites, nearly $1 billion raised, and a $4.1 billion valuation for a company founded in 2024. The product thesis is retrofit autonomy on fleets contractors already own—helping them work more safely, predictably, and at greater capacity, in the release's words—while U.S. infrastructure demand and hiring pressure stay on the front page.