New investors in the round include the US Innovative Technology Fund, Bessemer Venture Partners and Temasek, alongside existing backers such as 8VC, Georgian, Valor Equity Partners, Eclipse and NVIDIA. The round comes about eight months after a $270 million Series B at a $1.75 billion valuation, meaning the valuation has more than doubled.
Bedrock does not build new machines; it installs a sensor and control kit on existing heavy excavators. According to the company, it launched fully autonomous excavators on live commercial job sites only a few months ago, working alongside existing crews and workflows. From its initial footprint in the western and south-central United States it has expanded into the Midwest and South Atlantic, anchored by a partnership with the Texas contractor Haydon and regional partners in Minnesota, Florida, Georgia, Missouri and Virginia, on data center, healthcare and infrastructure projects.
CEO and co-founder Boris Sofman, a former Waymo engineer, told The Robot Report that demand is "very high" and that the goal for 2027 is triple-digit machines working autonomously across the country. Next up are autonomous trench work and automating bulldozers, articulated dump trucks and wheel loaders, with mining and agriculture as longer-term targets. Sofman's economic case: a project finished two months earlier because machines run around the clock saves a developer millions of dollars in interest.
The backdrop is a severe labor shortage: by industry figures the company cites, about 20% of US construction workers are over 55, more than 40% are expected to retire within five years, and 87% of firms report unfilled hourly craft positions. Alongside the raise, Bedrock appointed a vice president of operations (Amy Jones Satrom, formerly of Amazon, Nuro and Uber) and a general counsel who came from Uber's autonomous mobility unit. The company has not disclosed how many machines are deployed today or any revenue figures.
