Automated Construction Equipment based on Artificial Intelligence - Attracted Investment of $33 Million
Built Robotics is an industrial automation company that designs to make autonomous construction equipment.
Achieving 7,500 accident-free hours through multi-layered safety systems such as sensors that detect people or vehicles, geo-fences that restrict movement areas, and wireless emergency stop.
It will help reduce the cost of the US construction industry, which is short of $2.1 trillion in infrastructure construction costs by 2025, in a situation where labor productivity has decreased by 50% since the 1970's.
Business
Built Robotics allow one equipment operator to oversee a fleet of vehicles working autonomously in parallel. It combines sensors such as GPS, cameras, and lidar with advanced software, and the systems can be installed on standard equipment from any manufacturer. The company transforms heavy equipment into autonomous robots for the $1 trillion earthmoving industry. It also develops AI guidance systems to transform heavy equipment into autonomous robots. Built’s guidance systems are deployed today across the $1 trillion earthmoving industry, and they’re being used to build critical infrastructures such as wind farms, gas pipelines.
General Information
- Headquarters : San Francisco, California
- Founders : Andrew Liang, Noah Ready-Campbell
- Categories : Artificial Intelligence, AI, Autonomous Vehicles,
- Founded : 2016
- Contact : info@builtrobotics.com
Funding
- Investors: Building Ventures, Founders Fund, Lemnos VC, New Enterprise Associates, Next47, Presidio Ventures
- Funding Rounds (2) - $48M
- Sep 19, 2019 Series B / $33M
- Oct 19, 2017 Series A / $15M
Source: Built Robotics
👉• Web: http://www.builtrobotics.com/
👉• Video: Built Robotics - YouTube
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