Built Robotics, a San Francisco, CA-based construction autonomy company, closed a $64m Series C funding.
The round, which brought total funding to $112m, was led by Tiger Global with participation from existing investors NEA, Founders Fund, Fifth Wall, and Building Ventures.
The company intends to use the funds to continue to expand operations and its business reach-
Led by Noah Ready-Campbell, CEO, Built Robotics provides an autonomy solution for excavators, the Exosystem™, which enables excavators to become fully autonomous trenching robots. The Exosystem™ can be installed and calibrated on an excavator in less than a day. Contractors can rent it as standalone units to install on their fleet of equipment, or they can lease pre-upgraded excavators from Built directly. Contractors pay an hourly fee to license the Exosystem’s autonomous software — and depending on utilization — they can realize cost savings versus traditional methods. Installation, training, and 24/7 support are included, and discounts are available for long-term rentals.
FinSMEs
07/04/2022