What is Built Robotics?
Headquartered in San Francisco, Built Robotics specializes in the development of advanced AI guidance systems designed to retrofit heavy construction equipment into autonomous units. Since its inception in 2016, the company has focused on bridging the gap between traditional civil engineering and modern robotics. By integrating sophisticated sensor suites and machine learning algorithms, Built Robotics enables excavators and other heavy machinery to perform complex tasks with high precision, thereby enhancing safety and productivity on job sites. The company operates at the intersection of robotics and construction technology, a sector increasingly vital to the modernization of global infrastructure.
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, Edward Lando, New Enterprise Associates, and Great Oaks Venture Capital
Series A (2017): $15M led by New Enterprise Associates
Debt (2020): $350K supported by PPP
Series C (2022): $64M featuring Building Ventures, Tiger Global Management, Founders Fund, Fifth Wall, and New Enterprise Associates
Key Investors in Built Robotics
Founders Fund
Founders Fund invests in the world's most important and valuable companies across all geographies, sectors and stages, pursuing a founder-friendly investment strategy.
New Enterprise Associates
Established in 1977, New Enterprise Associates is a prominent venture capital firm focused on helping entrepreneurs build transformative businesses.
Tiger Global Management
Tiger Global Management is a global investment firm that deploys capital across both public and private markets, with a focus on high-growth technology ventures.
What's next for Built Robotics?
Looking ahead, the recent capital infusion is expected to catalyze the expansion of the company's autonomous fleet and deepen its integration within the broader construction ecosystem. As the industry faces persistent challenges regarding labor availability and project timelines, Built Robotics is well-positioned to capture significant market share. Strategic priorities likely include the refinement of its software-as-a-service (SaaS) capabilities for fleet management and the pursuit of new partnerships with large-scale contractors. By leveraging its strong financial foundation, the company is poised to transition from early-stage innovation to widespread industrial adoption, setting a new benchmark for autonomous operations in the heavy equipment sector.
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