TerraFirma, a construction company focused on critical infrastructure, has announced it has raised approximately $115 million, including a $100 million Series A led by Kleiner Perkins, with participation from Bain Capital Ventures (BCV), Glade Brook Capital Partners LLC, BANNER VC, Saga Ventures, Trust Ventures, Definition, PEAK6, Magnetar Capital, and Ravelin Capital.
The funding will support the expansion of TerraFirma’s engineering, manufacturing, operations, and construction teams, as well as the continued development of its semi-autonomous heavy equipment systems.
Noah S., CEO and co-founder of TerraFirma, said, “America built the transcontinental railroad, the interstate highway system, and the Hoover Dam. There’s no reason we can’t build at that scale again, and there’s no first-principles reason construction can’t become 10x faster, cheaper, and safer. TerraFirma exists to help America build again and then take that capacity into the cosmos.”
Noah McGuinness, CTO of TerraFirma, said, “Making construction truly faster and cheaper requires innovating on operations and technology together across the full stack. We believe autonomy is a part of the solution, but driving real change requires building a whole ecosystem of technology that is directly informed by rapid iteration and lessons from the field.”
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