On July 14, 2026, TerraFirma, a tech-enabled construction company founded by former SpaceX engineers, announced it has raised approximately $115 million, including a $100 million Series A led by Kleiner Perkins, with participation from Bain Capital Ventures, Glade Brook Capital Partners, BANNER VC, Saga Ventures, Trust Ventures, Definition, PEAK6, Magnetar Capital, and Ravelin Capital. Angel investors include founders, executives, and engineers from companies such as SpaceX, Anduril, Base Power, Shinkei, and Hadrian. Wilson Sonsini Goodrich & Rosati advised TerraFirma on the transaction.

TerraFirma, which launched in 2024, is building the robotic infrastructure stack for modern construction. The funding will support the company's expansion of engineering, manufacturing, operations, and construction teams, as well as the continued development of its semi-autonomous heavy equipment systems. TerraFirma is currently working on projects across the housing, energy, transportation, manufacturing, and education sectors.

The Wilson Sonsini team that advised TerraFirma on the transaction includes Rob Broderick, Estefano Martinez, Pav Dhaliwal, and Vincent Bai.

For more information, please see TerraFirma's news release. Additional coverage can be found on CNBC.