Built Robotics, a San Francisco, CA-based company that develops AI guidance systems to transform heavy equipment into autonomous robots, closed a $33m Series B funding.
The round, which brought total funding to $48m, was led by Next47, with participation from Building Ventures and current backers such as Founders Fund, NEA, Lemnos, and Presidio Ventures. In conjunction with the funding, T.J. Rylander, partner at Next47, joined its board of directors.
The company intends to use the funds to scale its fleet of autonomous robots, expand into new construction verticals, and develop tools to support the next generation of equipment operators.
Led by Noah Ready-Campbell, CEO, Built Robotics develops AI guidance systems to transform heavy equipment — including excavators, bulldozers, and skid steers — into autonomous robots. The technology combines sensors such as GPS, cameras, and lidar with advanced software, and the systems can be installed on standard equipment from any manufacturer. Built’s guidance systems are deployed today across the $1 trillion earthmoving industry, and they’re being used to build critical infrastructure such as wind farms, gas pipelines, and new housing developments.
FinSMEs
20/09/2019