The Next Chapter of Built Robotics
We’re proud to announce that we’ve just closed a $33 million Series B led by Next47, the global venture fund backed by Siemens. This brings our total funding to $48 million.
T.J. Rylander, partner at Next47, is joining our board of directors, alongside Aaron Jacobson, partner at NEA, Carl Bass, former CEO of Autodesk, and our founder & CEO, Noah Ready-Campbell. Additional investors include Building Ventures and current Built Robotics backers such as Founders Fund, NEA, Lemnos, and Presidio Ventures.
“We’re excited to be partnering with Built Robotics on this significant milestone. They have proven market appetite and demand for the technology and have deployed working robots with leading construction companies around the country,” said T.J. “We believe Built is poised to lead this market and catalyze deployment of this technology across construction applications.”
The investment comes on the heels of our announcement of $100 million in customer commitments earlier this spring. And our current fleet of robots has been hard at work, with over 100,000 tons of material excavated on projects such as wind farms, housing developments, and utility solar installations. In total, equipment upgraded by Built Robotics has operated for over 7,500 hours with a perfect safety record — equivalent to 350,000 miles of testing for self-driving cars.
We’re thrilled to be working with T.J. and Next47, as well as our existing investors, in writing the next chapter of Built Robotics.
