Mentioned:
Bedrock Robotics has an ambitious vision for disrupting the future of construction. And now, Google, Nvidia and some of the most successful venture capital funds in the world are behind them.
What’s happening:
- Autonomous construction technology Bedrock Robotics has raised $270M USD in a new Series B financing round
Why it matters:
- The new funding round was co-led by Google’s (NASDAQ: GOOG) venture capital arm CapitalG and the Valor Atreides AI Fund
Going deeper:
- Bedrock Robotics has developed a proprietary physical hardware package that integrates with their software to upgrade existing heavy machinery such as excavators and loaders into autonomous vehicles for construction
- Multiple other prominent venture capital investors also participated in the new financing round, including Palantir (NASDAQ: PLTR) co-founder Joe Lonsdale’s 8VC, Eclipse, Emergence Capital and Nvidia’s (NASDAQ: NVDA) venture capital arm
