Bedrock Robotics Emerges From Stealth With $80 Million

<p><strong><span class&equals;"legendSpanClass"><span class&equals;"xn-location">SAN FRANCISCO<&sol;span><&sol;span> <&sol;strong>&&num;8212&semi; <u><a href&equals;"https&colon;&sol;&sol;c212&period;net&sol;c&sol;link&sol;&quest;t&equals;0&amp&semi;l&equals;en&amp&semi;o&equals;4469243-1&amp&semi;h&equals;2227403292&amp&semi;u&equals;https&percnt;3A&percnt;2F&percnt;2Fbedrockrobotics&period;com&percnt;2F&amp&semi;a&equals;Bedrock&plus;Robotics" target&equals;"&lowbar;blank" rel&equals;"nofollow noopener">Bedrock Robotics<&sol;a><&sol;u>&comma; a company developing advanced autonomous systems for the <u><a href&equals;"https&colon;&sol;&sol;c212&period;net&sol;c&sol;link&sol;&quest;t&equals;0&amp&semi;l&equals;en&amp&semi;o&equals;4469243-1&amp&semi;h&equals;2677735310&amp&semi;u&equals;https&percnt;3A&percnt;2F&percnt;2Fwww&period;mckinsey&period;com&percnt;2Fcapabilities&percnt;2Foperations&percnt;2Four-insights&percnt;2Fdelivering-on-construction-productivity-is-no-longer-optional&amp&semi;a&equals;&percnt;2413&plus;trillion&plus;global&plus;construction&plus;industry" target&equals;"&lowbar;blank" rel&equals;"nofollow noopener"><span class&equals;"xn-money">&dollar;13 trillion<&sol;span> global construction industry<&sol;a><&sol;u>&comma; has emerged from stealth with <span class&equals;"xn-money">&dollar;80 million<&sol;span> in Seed and Series A backing&period; Rather than design and sell costly new machinery&comma; Bedrock upgrades customers&&num;8217&semi; existing heavy equipment fleets with reversible&comma; same-day hardware and software installs to enable fully autonomous operations&period;<&sol;p>&NewLine;<p>With reindustrialization of <span class&equals;"xn-location">the United States<&sol;span> accelerating&comma; Bedrock&&num;8217&semi;s technology bridges the expanding gap between rapidly rising domestic infrastructure needs and shrinking workforce capacity&period; In 2024&comma; investment in U&period;S&period; manufacturing facilities alone <u><a href&equals;"https&colon;&sol;&sol;c212&period;net&sol;c&sol;link&sol;&quest;t&equals;0&amp&semi;l&equals;en&amp&semi;o&equals;4469243-1&amp&semi;h&equals;2204448748&amp&semi;u&equals;https&percnt;3A&percnt;2F&percnt;2Fwww2&period;deloitte&period;com&percnt;2Fus&percnt;2Fen&percnt;2Finsights&percnt;2Findustry&percnt;2Fmanufacturing&percnt;2Fmanufacturing-industry-outlook&period;html&amp&semi;a&equals;reached" target&equals;"&lowbar;blank" rel&equals;"nofollow noopener">reached<&sol;a><&sol;u> a record <span class&equals;"xn-money">&dollar;238 billion<&sol;span>&period; Despite a painful <u><a href&equals;"https&colon;&sol;&sol;c212&period;net&sol;c&sol;link&sol;&quest;t&equals;0&amp&semi;l&equals;en&amp&semi;o&equals;4469243-1&amp&semi;h&equals;806272928&amp&semi;u&equals;https&percnt;3A&percnt;2F&percnt;2Fwww&period;abc&period;org&percnt;2FNews-Media&percnt;2FNews-Releases&percnt;2Fabc-2024-construction-workforce-shortage-tops-half-a-million&amp&semi;a&equals;shortage&plus;of&plus;500K&plus;construction&plus;workers" target&equals;"&lowbar;blank" rel&equals;"nofollow noopener">shortage of <span class&equals;"xn-money">500K<&sol;span> construction workers<&sol;a><&sol;u>&comma; <u><a href&equals;"https&colon;&sol;&sol;c212&period;net&sol;c&sol;link&sol;&quest;t&equals;0&amp&semi;l&equals;en&amp&semi;o&equals;4469243-1&amp&semi;h&equals;593681487&amp&semi;u&equals;https&percnt;3A&percnt;2F&percnt;2Fwww&period;bls&period;gov&percnt;2Fooh&percnt;2Fconstruction-and-extraction&percnt;2Fconstruction-equipment-operators&period;htm&amp&semi;a&equals;1&period;25&plus;billion&plus;hours" target&equals;"&lowbar;blank" rel&equals;"nofollow noopener">1&period;25 billion hours<&sol;a><&sol;u> are spent annually on operating heavy equipment&period; With <u><a href&equals;"https&colon;&sol;&sol;c212&period;net&sol;c&sol;link&sol;&quest;t&equals;0&amp&semi;l&equals;en&amp&semi;o&equals;4469243-1&amp&semi;h&equals;261547766&amp&semi;u&equals;https&percnt;3A&percnt;2F&percnt;2Fwww&period;nccer&period;org&percnt;2Fnewsroom&percnt;2Fhow-apprenticeships-empower-adult-learners-and-bridge-the-construction-workforce-gap&percnt;2F&amp&semi;a&equals;40&percnt;25&plus;of&plus;construction&plus;workers&plus;" target&equals;"&lowbar;blank" rel&equals;"nofollow noopener">40&percnt; of construction workers <&sol;a><&sol;u>expected to retire in the next decade&comma; the case for automation that enhances availability and flexibility of labor for the industry has never been stronger&period;<&sol;p>&NewLine;<p>Founded by three former Waymo leaders &&num;8211&semi; including the former head of its trucking program &&num;8211&semi; and a fourth co-founder who previously led teams at Segment&comma; the Bedrock Robotics leadership team brings extensive experience across machine learning&comma; system architecture&comma; and operation of autonomy technologies in complex&comma; safety-critical environments&period; Now&comma; the company&&num;8217&semi;s executives are applying their expertise to construction to improve cost&comma; schedule&comma; safety&comma; and predictability of labor-intensive projects&period; <u><a href&equals;"https&colon;&sol;&sol;c212&period;net&sol;c&sol;link&sol;&quest;t&equals;0&amp&semi;l&equals;en&amp&semi;o&equals;4469243-1&amp&semi;h&equals;3345258644&amp&semi;u&equals;https&percnt;3A&percnt;2F&percnt;2Fwww&period;linkedin&period;com&percnt;2Fin&percnt;2Flaurent-hautefeuille-a089783&percnt;2F&amp&semi;a&equals;Laurent&plus;Hautefeuille" target&equals;"&lowbar;blank" rel&equals;"nofollow noopener">Laurent Hautefeuille<&sol;a><&sol;u>&comma; previous EVP at Uber Freight responsible for building the business from inception to <span class&equals;"xn-money">&dollar;5B<&sol;span> in revenue&comma; has recently joined Bedrock as COO&period;<&sol;p>&NewLine;<p>By integrating with existing construction machines and workflows&comma; the Bedrock Operator powers machines with expert capabilities&comma; empowering builders with the ability to work around the clock&comma; accelerate project schedules&comma; increase profitability and safety&comma; and track progress on jobs&period; Bedrock&&num;8217&semi;s systems are running on machines&comma; starting with excavators&comma; across active customer construction sites in <span class&equals;"xn-location">Arizona<&sol;span>&comma; <span class&equals;"xn-location">Texas<&sol;span>&comma; and <span class&equals;"xn-location">Arkansas<&sol;span>&period; The latest funding rounds&comma; Series A led by <u><a href&equals;"https&colon;&sol;&sol;c212&period;net&sol;c&sol;link&sol;&quest;t&equals;0&amp&semi;l&equals;en&amp&semi;o&equals;4469243-1&amp&semi;h&equals;828079798&amp&semi;u&equals;https&percnt;3A&percnt;2F&percnt;2Fwww&period;8vc&period;com&percnt;2F&amp&semi;a&equals;8VC" target&equals;"&lowbar;blank" rel&equals;"nofollow noopener">8VC<&sol;a><&sol;u> and Seed led by <u><a href&equals;"https&colon;&sol;&sol;c212&period;net&sol;c&sol;link&sol;&quest;t&equals;0&amp&semi;l&equals;en&amp&semi;o&equals;4469243-1&amp&semi;h&equals;1570558393&amp&semi;u&equals;https&percnt;3A&percnt;2F&percnt;2Feclipse&period;capital&percnt;2F&amp&semi;a&equals;Eclipse" target&equals;"&lowbar;blank" rel&equals;"nofollow noopener">Eclipse<&sol;a><&sol;u>&comma; will help Bedrock grow its engineering&comma; operations&comma; and commercialization teams&comma; and deepen partnerships to reach its target of initial operator-less deployment in 2026&period;<&sol;p>&NewLine;<p>&&num;8220&semi;The construction industry is facing so much pressure with the soaring demand for new factories and data centers&comma; the housing crisis&comma; and the mandate for re-industrialization in the U&period;S&period;&comma;&&num;8221&semi; said <u><a href&equals;"https&colon;&sol;&sol;c212&period;net&sol;c&sol;link&sol;&quest;t&equals;0&amp&semi;l&equals;en&amp&semi;o&equals;4469243-1&amp&semi;h&equals;3360357838&amp&semi;u&equals;https&percnt;3A&percnt;2F&percnt;2Fwww&period;linkedin&period;com&percnt;2Fin&percnt;2Fbsofman&percnt;2F&amp&semi;a&equals;Boris&plus;Sofman" target&equals;"&lowbar;blank" rel&equals;"nofollow noopener"><span class&equals;"xn-person">Boris Sofman<&sol;span><&sol;a><&sol;u>&comma; CEO and co-founder of Bedrock Robotics&period; &&num;8220&semi;The only way to rise to the occasion is by empowering construction teams with advanced automation they can trust&period; Together with our partners in the industry&comma; we&&num;8217&semi;re ushering in a new era where autonomy and intelligence supercharge building&comma; which will benefit both contractors and society&period;&&num;8221&semi;<&sol;p>&NewLine;<p>Companies like <u><a href&equals;"https&colon;&sol;&sol;c212&period;net&sol;c&sol;link&sol;&quest;t&equals;0&amp&semi;l&equals;en&amp&semi;o&equals;4469243-1&amp&semi;h&equals;1031802377&amp&semi;u&equals;https&percnt;3A&percnt;2F&percnt;2Fwww&period;sundt&period;com&percnt;2F&amp&semi;a&equals;Sundt&plus;Construction" target&equals;"&lowbar;blank" rel&equals;"nofollow noopener">Sundt Construction<&sol;a><&sol;u>&comma; a <span class&equals;"xn-location">Phoenix<&sol;span>-based general contractor with whom Bedrock collaborates closely on field testing and product improvements&comma; are looking for ways to expand operational capacity&period; &&num;8220&semi;At Sundt&comma; we pride ourselves on being one of the most forward-thinking builders in the country&period; Staying at the forefront of innovation means continuously exploring technologies that can improve how we work&comma;&&num;8221&semi; said <span class&equals;"xn-person">Eric Cylwik<&sol;span>&comma; Director at Sundt Construction&period; &&num;8220&semi;From our earliest conversations with Bedrock&comma; it was clear they had a strong grasp on the challenges we were trying to solve with robotics&period; Their thoughtful approach to safety and deployment made it an easy decision to partner and pilot their system on our projects&period; When a technology proves its value in the field&comma; this industry will pick it up fast&period;&&num;8221&semi;<&sol;p>&NewLine;<p>Bedrock Robotics has also recently teamed with three <span class&equals;"xn-location">Texas<&sol;span> firms&comma; <u><a href&equals;"https&colon;&sol;&sol;c212&period;net&sol;c&sol;link&sol;&quest;t&equals;0&amp&semi;l&equals;en&amp&semi;o&equals;4469243-1&amp&semi;h&equals;37041833&amp&semi;u&equals;https&percnt;3A&percnt;2F&percnt;2Fwww&period;zachryconstructioncorp&period;com&percnt;2F&amp&semi;a&equals;Zachry&plus;Construction" target&equals;"&lowbar;blank" rel&equals;"nofollow noopener">Zachry Construction<&sol;a><&sol;u>&comma; <u><a href&equals;"https&colon;&sol;&sol;c212&period;net&sol;c&sol;link&sol;&quest;t&equals;0&amp&semi;l&equals;en&amp&semi;o&equals;4469243-1&amp&semi;h&equals;773565073&amp&semi;u&equals;https&percnt;3A&percnt;2F&percnt;2Fwww&period;idigdirt&period;com&percnt;2F&amp&semi;a&equals;Champion&plus;Site&plus;Prep" target&equals;"&lowbar;blank" rel&equals;"nofollow noopener">Champion Site Prep<&sol;a><&sol;u>&comma; and <u><a href&equals;"https&colon;&sol;&sol;c212&period;net&sol;c&sol;link&sol;&quest;t&equals;0&amp&semi;l&equals;en&amp&semi;o&equals;4469243-1&amp&semi;h&equals;3331355927&amp&semi;u&equals;https&percnt;3A&percnt;2F&percnt;2Fwww&period;capitolaggregates&period;com&percnt;2F&amp&semi;a&equals;Capitol&plus;Aggregates" target&equals;"&lowbar;blank" rel&equals;"nofollow noopener">Capitol Aggregates<&sol;a><&sol;u>&period;<&sol;p>&NewLine;<p>Bedrock&&num;8217&semi;s fundraising has also included participation from <u><a href&equals;"https&colon;&sol;&sol;c212&period;net&sol;c&sol;link&sol;&quest;t&equals;0&amp&semi;l&equals;en&amp&semi;o&equals;4469243-1&amp&semi;h&equals;2066742455&amp&semi;u&equals;https&percnt;3A&percnt;2F&percnt;2Ftwosigmaventures&period;com&percnt;2F&amp&semi;a&equals;Two&plus;Sigma&plus;Ventures" target&equals;"&lowbar;blank" rel&equals;"nofollow noopener">Two Sigma Ventures<&sol;a><&sol;u>&comma; <u><a href&equals;"https&colon;&sol;&sol;c212&period;net&sol;c&sol;link&sol;&quest;t&equals;0&amp&semi;l&equals;en&amp&semi;o&equals;4469243-1&amp&semi;h&equals;2215333665&amp&semi;u&equals;https&percnt;3A&percnt;2F&percnt;2Fwww&period;valorep&period;com&percnt;2F&amp&semi;a&equals;Valor&plus;Equity&plus;Partners" target&equals;"&lowbar;blank" rel&equals;"nofollow noopener">Valor Equity Partners<&sol;a><&sol;u>&comma; <u><a href&equals;"https&colon;&sol;&sol;c212&period;net&sol;c&sol;link&sol;&quest;t&equals;0&amp&semi;l&equals;en&amp&semi;o&equals;4469243-1&amp&semi;h&equals;3988704503&amp&semi;u&equals;https&percnt;3A&percnt;2F&percnt;2Fwww&period;nventures&period;ai&percnt;2F&amp&semi;a&equals;NVentures&plus;&lpar;NVIDIA&percnt;27s&plus;venture&plus;capital&plus;arm&rpar;" target&equals;"&lowbar;blank" rel&equals;"nofollow noopener">NVentures &lpar;NVIDIA&&num;8217&semi;s venture capital arm&rpar;<&sol;a><&sol;u>&comma; <u><a href&equals;"https&colon;&sol;&sol;c212&period;net&sol;c&sol;link&sol;&quest;t&equals;0&amp&semi;l&equals;en&amp&semi;o&equals;4469243-1&amp&semi;h&equals;2803518256&amp&semi;u&equals;https&percnt;3A&percnt;2F&percnt;2Fwww&period;crossbeam&period;vc&percnt;2F&amp&semi;a&equals;Crossbeam&plus;Venture&plus;Partners" target&equals;"&lowbar;blank" rel&equals;"nofollow noopener">Crossbeam Venture Partners<&sol;a><&sol;u>&comma; <u><a href&equals;"https&colon;&sol;&sol;c212&period;net&sol;c&sol;link&sol;&quest;t&equals;0&amp&semi;l&equals;en&amp&semi;o&equals;4469243-1&amp&semi;h&equals;871328531&amp&semi;u&equals;https&percnt;3A&percnt;2F&percnt;2Fraine&period;com&percnt;2F&amp&semi;a&equals;Raine&plus;Group" target&equals;"&lowbar;blank" rel&equals;"nofollow noopener">Raine Group<&sol;a><&sol;u>&comma; <u><a href&equals;"https&colon;&sol;&sol;c212&period;net&sol;c&sol;link&sol;&quest;t&equals;0&amp&semi;l&equals;en&amp&semi;o&equals;4469243-1&amp&semi;h&equals;1673590701&amp&semi;u&equals;https&percnt;3A&percnt;2F&percnt;2Fwww&period;tishmanspeyer&period;com&percnt;2F&amp&semi;a&equals;Tishman&plus;Speyer" target&equals;"&lowbar;blank" rel&equals;"nofollow noopener"><span class&equals;"xn-person">Tishman Speyer<&sol;span><&sol;a><&sol;u>&comma; <u><a href&equals;"https&colon;&sol;&sol;c212&period;net&sol;c&sol;link&sol;&quest;t&equals;0&amp&semi;l&equals;en&amp&semi;o&equals;4469243-1&amp&semi;h&equals;2457481559&amp&semi;u&equals;https&percnt;3A&percnt;2F&percnt;2Fatreidesmgmt&period;com&percnt;2F&amp&semi;a&equals;Atreides&plus;Management" target&equals;"&lowbar;blank" rel&equals;"nofollow noopener">Atreides Management<&sol;a><&sol;u>&comma; <u><a href&equals;"https&colon;&sol;&sol;c212&period;net&sol;c&sol;link&sol;&quest;t&equals;0&amp&semi;l&equals;en&amp&semi;o&equals;4469243-1&amp&semi;h&equals;4105234340&amp&semi;u&equals;https&percnt;3A&percnt;2F&percnt;2Falrajhi-partners&period;com&percnt;2F&amp&semi;a&equals;Al&plus;Rajhi&plus;Partners" target&equals;"&lowbar;blank" rel&equals;"nofollow noopener">Al Rajhi Partners<&sol;a><&sol;u>&comma; and <u><a href&equals;"https&colon;&sol;&sol;c212&period;net&sol;c&sol;link&sol;&quest;t&equals;0&amp&semi;l&equals;en&amp&semi;o&equals;4469243-1&amp&semi;h&equals;1896520424&amp&semi;u&equals;https&percnt;3A&percnt;2F&percnt;2Fwww&period;samsara&period;com&percnt;2Fblog&percnt;2Fintroducing-samsara-ventures-building-the-future-of-connected-operations&amp&semi;a&equals;Samsara&plus;Ventures" target&equals;"&lowbar;blank" rel&equals;"nofollow noopener">Samsara Ventures<&sol;a><&sol;u>&period;<&sol;p>&NewLine;

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