Bedrock Robotics, a US-based startup developing autonomous excavators and other construction machines, has raised a US$600 million series C round at a valuation of US$4.1 billion as it seeks to expand paid deployments.

Co-led by CapitalG and Emergence Capital, the round brings Bedrock’s total funding to nearly US$1 billion. Other participants included Valor Equity Partners, 8VC, Nvidia’s venture arm NVentures, Eclipse, Georgian, Perry Creek Capital, and Temasek.

Bedrock’s autonomous excavators have performed paid construction work at commercial sites since August. The startup was valued at US$1.75 billion in its February funding round. Boris Sofman is co-founder and CEO.

Caterpillar said there is a continuing shortage of heavy-equipment operators.

The Occupational Safety and Health Administration publishes workplace robotics information and construction standard 1926.602 on material-handling equipment.

🔗 Source: Bloomberg