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BUILT ROBOTICS

Netfigo Verdict
on Built Robotics

Built Robotics makes excavators and bulldozers drive themselves. Noah Ready-Campbell left Google to put self-driving technology inside construction equipment. Instead of replacing the machine, they retrofit existing heavy equipment with autonomy kits. $112 million raised because the construction industry has a massive labor shortage and robots don’t call in sick, demand overtime, or complain about the heat.

Founded

2016

HQ

San Francisco, USA

Total Raised

$112 million

Founder

Noah Ready-Campbell

Status

Private

THE ORIGIN STORY

Noah Ready-Campbell was an engineer at Google working on robotics. He noticed that autonomous vehicle technology was advancing rapidly for cars, but nobody was applying it to construction equipment — machines that operate in controlled environments and follow repetitive patterns.

Perfect for automation.

He founded Built Robotics in 2016 to build autonomous guidance systems for heavy construction equipment. The key insight: don’t build new robots.

Retrofit existing excavators, dozers, and loaders with AI-powered autonomy kits.

WHAT THEY ACTUALLY DO

Built Robotics sells and leases autonomous guidance systems that retrofit onto existing heavy equipment. Revenue comes from equipment sales/leases and software subscriptions for the autonomy platform.

Construction companies pay for the technology because it addresses the chronic labor shortage in heavy equipment operation.

THE PRODUCTS

Exosystem — autonomous guidance platform that retrofits onto standard heavy equipment. RPD 35 — autonomous track loader for solar farm construction.

Autonomous excavation for trenching and grading. Fleet management software for monitoring autonomous equipment remotely.

HOW THEY GREW

Partnerships with major construction and energy companies. Built Robotics has deployed autonomous equipment on solar farm construction, pipeline projects, and earthmoving operations.

Each successful deployment becomes a case study that attracts more customers.

THE HARD PART

Autonomous equipment in construction faces regulatory uncertainty, safety concerns, and resistance from equipment operators worried about job loss. The technology needs to prove it can handle the unpredictable conditions of real construction sites — mud, rain, uneven terrain.

MONEY TRAIL

Seed

2017 · Led by Lemnos Labs

$3M raised

Series A

2018 · Led by NEA

$15M raised

Series B

2020 · Led by Founders Fund

$33M raised

Series C

2022 · Led by Tiger Global

$64M raised

WHO BACKED THEM

Tiger Global and Founders Fund co-led later rounds. Earlier investors include NEA, Lemnos Labs, and Bloomberg Beta.

Total funding of $112 million.

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