Alphabet's independent growth fund focused on providing deep strategic partnerships to technology companies, with a concentrated portfolio approach and focus on substance over hype.
Round size: $600M
Round size: $403M
Bedrock Robotics Inc. raised a $600 million Series C co-led by CapitalG and Emergence Capital, giving the autonomous construction machinery startup a $4.1 billion valuation and bringing its total fundraising to nearly $1 billion. Its valuation has risen sharply from $1.75 billion during a $270 million round in February. Since August, Bedrock's self-driving excavators have performed paid work on commercial job sites, and the company is now working to deploy more machines and improve their day-to-day reliability.
Hadrian Automation has raised $1.37 billion in new equity financing, bringing its valuation to $7.87 billion, to accelerate the buildout of domestic manufacturing capacity for U.S. military, aerospace, and industrial systems. The company, founded in 2020 and operating under its proprietary Opus software stack for production autonomy, plans to expand its four-site, nearly 3 million sq. ft. manufacturing footprint with new factories focused on munitions and autonomous systems for national security.
Gig workers are being employed by robotics companies like Figure AI and Physical Intelligence to train humanoid robots by performing household tasks in their homes, providing valuable data for robot learning. Physical Intelligence recently raised $700M in Series B funding led by Thrive Capital, with backing from major tech companies and investors, to further develop their PI1 robot and training methodologies.