With the shortage of equipment operators seen in construction today, automation of heavy equipment is gaining ground among large contractors. Built Robotics, which offers an aftermarket “exosystem” to turn regular excavators, skid-steer loaders and other earthmoving machines into fully autonomous units, recently raised $64 million in Series C funding in a round led by investment firm Tiger Global.
“We hadn’t intended to raise again—we had several years of runway,” says Noah Ready-Campbell, Built Robotics founder and CEO. “But Tiger Global reached out after they had heard good things from our customers.” The Series C investment brings Built Robotics’ total funding to $112 million.