What is Built Robotics?
Founded in 2016 and headquartered in San Francisco, CA, Built Robotics develops advanced AI guidance systems designed to convert conventional heavy machinery into fully autonomous robotic platforms. The company's technology addresses critical needs in the construction sector, aiming to enhance safety, efficiency, and productivity through automation. By retrofitting existing equipment, Built Robotics offers a scalable path to robotic adoption for a wide range of construction tasks, from excavation to material handling.
How much funding has Built Robotics raised?
Built Robotics has raised a total of $112.3M across 4 funding rounds:
Series B
$33M
Series A
$15M
Debt
$350K
Series C
$64M
Series B (2017): $33M with participation from Founders Fund, Great Oaks Venture Capital, Edward Lando, and New Enterprise Associates
Series A (2017): $15M led by New Enterprise Associates
Debt (2020): $350K supported by PPP
Series C (2022): $64M featuring New Enterprise Associates, Building Ventures, Tiger Global Management, Founders Fund, and Fifth Wall
Key Investors in Built Robotics
New Enterprise Associates
New Enterprise Associates (NEA) is a prominent venture capital firm established in 1977, known for its focus on empowering entrepreneurs and building businesses across various sectors.
Building Ventures
Building Ventures is a Boston-based venture capital firm specializing in the built environment sector, investing in companies that innovate in construction, operation, and infrastructure.
Founders Fund
Founders Fund is an investment firm that backs transformative companies globally, known for its founder-friendly approach and early support of major tech ventures.
What's next for Built Robotics?
The substantial enterprise-level backing and recent strategic investment signal a strong market validation for Built Robotics' autonomous heavy equipment technology. This capital is poised to fuel further innovation, expand operational capacity, and deepen market penetration. The company is likely to focus on scaling its deployment across major construction projects, enhancing its AI capabilities, and forging strategic partnerships to solidify its position as a leader in construction automation. The ongoing investment trajectory suggests a company moving towards significant growth and potential industry consolidation.
See full Built Robotics company page
