Home » Built Robotics digs up $64m for autonomous excavator tech

Built Robotics digs up $64m for autonomous excavator tech

by Sion Geschwindt
Built Robotics digs up $64m for autonomous excavator tech

Built Robotics has secured $64m in a Series C funding round led by Tiger Global, bringing its total funding to $112m.

Existing investors including NEA, Founders Fund, Fifth Wall, and Building Ventures also joined the round.

Built Robotics is the inventor of the world’s first autonomy solution for excavators, the Exosystem™, which transforms excavators into fully autonomous trenching robots.

‘Fully booked into 2023’

Commenting on the successful funding round, Noah Ready-Campbell, CEO of Built Robotics, said: “We’ve spent the past few years neck-deep in R&D, and it’s paid off. Our rental fleet is fully booked into 2023, and orders keep coming in.

“The Series C will give us the capital we need to ramp production and get our robots into the hands of more contractors. And autonomous trenching is just the first step — customers are already asking for backfill, compaction, material handling, loading trucks, and more.”

Griffin Schroeder, Partner, Tiger Global, said: “As a leader in autonomous construction technology, Built’s focus on easy-to-install robotic upgrades for heavy equipment is generating significant demand.

“We are excited to partner with them as their autonomous trenching solution helps transform the construction of solar farms, oil & gas projects, and other large and critical infrastructure projects around the world.”

Recently, the International Union of Operating Engineers (IUOE), the 400,000-member union representing equipment operators in the US and Canada, signed a first-of-its-kind training partnership with Built Robotics.

Read next: Contech myComply bags $4.5m to expand workforce management solution 

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