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
Are you a building professional? Sign up for a FREE MEMBERSHIP to upload news stories, post job vacancies, and connect with colleagues on our secure social feed.
