On October 27, Tech in Asia reported that US robotics startup Bedrock Robotics has completed a $600 million Series C funding round, achieving a valuation of $4.1 billion. The round was co-led by CapitalG and Emergence Capital, with participation from Valor Equity Partners, 8VC, NVentures (a subsidiary of NVIDIA), Eclipse, Georgian, Perry Creek Capital, and Temasek. The company has raised nearly $1 billion in total funding. Bedrock develops autonomous excavators and other construction machinery, and has been undertaking paid construction projects at commercial sites since August. The new funds will be used to expand the scale of paid deployments. The company's valuation was $1.75 billion during its funding round in February this year, and its co-founder and CEO is Boris Sofman. The article also cites Caterpillar, noting a continued shortage of heavy equipment operators.
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US Robotics Company Bedrock Raises $600 Million, Valued at $4.1 Billion
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