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Bedrock Robotics has secured $270 million in funding, led by CapitalG and Valor Atreides AI Fund, bringing its valuation to $1.75 billion. The San Francisco startup focuses on automating construction vehicles to enhance efficiency in building projects.

Its technology can be retrofitted onto existing machinery from manufacturers like Caterpillar and John Deere, enabling quicker deployment. The U.S. construction industry faces a demand for nearly 800,000 new workers in the next two years, with project backlogs reaching eight months. The Series B funding increases Bedrock's total raised to over $350 million.