INSUBCONTINENT EXCLUSIVE:
Built Robotics, a company aiming to make construction equipment autonomous, is announcing a $33 million Series B round this morning.With
They sell a kit that straps to the top of things like excavators, bulldozers and skid steers, taking tech like lidar, GPS and Wi-Fi and
They sell the conversion boxes to other companies, help them get installed, then charge a usage fee whenever the machines are in autonomous
mode.No one wants a 20-ton piece of machinery blasting around a construction site without a care for those around it, so the autonomous
machines try to keep a constant eye on their surroundings
As I wrote back in April:Cameras on and around the vehicles are constantly checking for anyone who might stray too close
If something goes wrong and the machine starts to tip too much, or if on-board sensors detect that something is in the way underground?
mega company Siemens), along with Building Ventures and previous investors Founders Fund, Presidio Ventures, Lemnos and NEA
its total funding up to $48 million
Built co-founder Noah Ready-Campbell tells me that the company has roughly doubled in headcount over the past few months, with the team now
sitting at roughly 40 people.
