Built Robotics, Inc.
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Built Robotics, Inc. - overview
Established
2016
Location
San Francisco, CA, US
Primary Industry
Automobiles, Other Vehicles & Parts
About
Built Robotics, Inc. develops innovative AI-powered robotic solutions for solar construction, enhancing efficiency and safety in the foundation installation process for renewable energy projects. Founded in 2016 and headquartered in San Francisco, US, Built Robotics, Inc. focuses on integrating advanced robotics into the solar construction industry.
The company was co-founded by Andrew Liang and Noah Ready-Campbell, with Noah Ready-Campbell serving as CEO. Built Robotics has raised a total of USD 50. 00 mn across three funding rounds, the latest being a Series C round led by Tiger Global Management on December 22, 2021. The company’s current valuation is USD 382.
31 mn. Built Robotics specializes in AI-powered tools designed for solar construction, with a core focus on its flagship products: the RPD 35 and RPS 25 pile driving robots. The RPD 35 can transport up to 224 piles weighing a maximum of 34,000 pounds, facilitating the foundation construction process for piles up to 19 feet long and various cross sections. The RPS 25 ensures precision installation, guiding piles to within 1.
0° from plumb and 15 millimeters from the designated elevation. Their solutions target contractors in the renewable energy sector, particularly in rapidly growing solar markets across North America, Europe, and parts of Asia. Built Robotics generates revenue through direct sales of its RPD 35 and RPS 25 robots to solar construction firms. These transactions typically involve the purchase of robots, often accompanied by service and maintenance agreements to ensure optimal performance.
The company's business model is structured on B2B relationships, where construction firms leverage this technology to improve their operational capabilities, with pricing tailored to the specific needs of each client. Following its recent Series C funding of USD 50. 00 mn, led by Tiger Global Management, Built Robotics is focused on ramping up production to offer its robotic solutions to a broader range of contractors. The company plans to enhance its product lineup and expand into new geographic regions, targeting markets that are experiencing substantial growth in solar energy.
This strategic financing will support their initiatives to meet increasing demand in the solar construction industry.
Current Investors
New Enterprise Associates, Founders Fund, Great Oaks Venture Capital
Primary Industry
Automobiles, Other Vehicles & Parts
Sub Industries
Automobiles, Other Vehicles & Parts, Construction, Analytics & Performance Software
Website
www.builtrobotics.com
Verticals
Artificial Intelligence, Robotics
Company Stage
Series C
Total Amount Raised
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