Bedrock says it raised $600 million at a $4.1 billion valuation

CapitalG and Emergence Capital co-led Bedrock's $600 million round at a $4.1 billion post-money valuation, as the company says its excavators have begun paid autonomous work on live construction sites.

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Why it matters

Bedrock says its excavators are now doing paid autonomous work at live sites, which could give contractors another option for excavation work.

A tracked excavator marked with a stylized B lifts soil and rocks at a construction site beside a steel-frame building.

CapitalG confirmed Bloomberg Technology's report to RuntimeWire on Monday, as Bedrock Robotics announced a $600 million Series C at a $4.1 billion post-money valuation. Melissa Sobel, CapitalG's marketing and communications partner, said in an email to RuntimeWire that the Bloomberg article was accurate.…

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