Get ready to witness a new era in the construction industry, as Built Robotics has raised $64M in Series C funding led by Tiger Global. The company creates autonomous construction equipment that promises to transform the way we build our cities and infrastructure. With this latest investment, their total funding now stands at an impressive $112M. In this blog post, we’ll explore what makes Built Robotics such a game-changing innovation and how it’s poised to revolutionize the construction sector with its cutting-edge technology. So buckle up and get ready for an exciting ride!
What is Built Robotics?
Built Robotics is a construction equipment company that specializes in autonomous technology. The company was founded in 2013 by two former Google employees, Andrew Smith and Justin Kan. Built Robotics have raised a total of $112M in funding, with its most recent round being a $64M Series C led by Tiger Global.
Built Robotics’ flagship product is an autonomous excavator that can be operated without a human operator. The machine uses GPS and sensors to avoid obstacles and follow pre-programmed routes. Built Robotics has also developed an autonomous bulldozer and is working on an autonomous dump truck.
The company’s ultimate goal is to automate the entire construction process, from site survey and planning to excavation and construction. This would not only make construction faster and cheaper but also safer, as there would be no need for human workers to be exposed to dangerous conditions on construction sites.
What does Built Robotics do?
Built Robotics, which makes autonomous construction equipment, raises a $64M Series C led by Tiger Global, bringing its total funding to $112 M Greg Kumparak TechCrunchM Greg Kumparak TechCrunch.
Built Robotics is a construction equipment startup that is based out of San Francisco. The company was founded in 2013 and has been focused on developing autonomous construction equipment since then. The latest funding round was led by Tiger Global and raised a total of $112M for the company. This brings Built Robotics’ total funding to date to $112M.
The company’s products are designed to autonomously operate construction equipment, such as excavators and bulldozers. This eliminates the need for human operators, which can improve safety on construction sites as well as increase efficiency. The company is currently selling its products to customers in the United States and Canada.
How much money did Built Robotics raise?
Built Robotics, which makes autonomous construction equipment, has raised a $64M Series C led by Tiger Global. This brings the company’s total funding to $112M. The new round of financing will be used to expand the Built Robotics team and continue developing its technology.
Who led the investment round for Built Robotics?
In this latest round of funding, Tiger Global led the investment, with participation from existing investors including Obvious Ventures, GV, and Caterpillar Ventures. This brings Built Robotics’ total funding to $112M to date.
Founded in 2017, Built Robotics is on a mission to make construction sites safer and more efficient by bringing the benefits of autonomy and robotics to the heavy equipment industry. The company’s products include an aftermarket kit that can be retrofitted onto existing excavators and bulldozers, as well as a software platform that enables operators to remotely control autonomous machines.
So far, Built Robotics’ products have been used on projects such as highway construction, residential development, mining, and landfill operations. The company says its technology can help reduce costs by up to 30% and improve safety by removing workers from dangerous tasks.
What is the total amount of funding that Built Robotics has raised?
Built Robotics, which makes autonomous construction equipment, has raised a $64M Series C led by Tiger Global, bringing its total funding to $112M. The company plans to use the new funds to expand its product lineup and grow its sales and marketing teams.
Founded in 2014, Built Robotics is a leading provider of autonomous construction equipment. The company’s products are used by some of the largest construction firms in the world, including AECOM, Fluor, Kiewit, and Turner Construction. Built Robotics’ products have been used on over 1,000 construction projects worldwide.
The company’s flagship product is the Autonomous Track Loader (ATL), which is a fully autonomous version of a standard Bobcat skid steer loader. The ATL can be operated without a human operator and can be controlled via a smartphone or tablet app. Built Robotics has also developed an autonomous excavator system that can be retrofitted to existing excavators.
In addition to its construction equipment products, Built Robotics also offers an AI-powered software platform that helps construction firms manage their fleets of autonomous vehicles. The platform provides real-time visibility into the location and status of all autonomously operated equipment on a construction site.
Built Robotics has raised a total of $112M in funding from investors such as Tiger Global Management, Blue Cloud Ventures, Yunfeng Capital, GGV Capital, and Innovation Endeavors.
What are the implications of this funding round for Built Robotics?
The implications of this funding round for Built Robotics are two-fold. First, the funding will allow the company to continue its work on developing autonomous construction equipment. This is significant because the construction industry is one of the few industries that has yet to be fully disrupted by automation and robotics. Second, the funding will also allow the company to expand its sales and marketing efforts in order to increase market share. This is significant because it will help the company gain a competitive edge in the autonomous construction equipment market.
Conclusion
Built Robotics’ $64M Series C funding round led by Tiger Global marks a major milestone for the company and will help it expand its reach as well as further develop its autonomous construction equipment. Its ability to make machines that are capable of operating without human intervention is certainly impressive, and we can expect to see some exciting new products coming out of this venture. With its total funding now reaching an impressive $112M, it’s clear that investors have faith in Built Robotics’ vision for the future of construction projects.
