Fundraising Fox

TerraFirma

Founded 2023 Β· 32 employees on LinkedIn Β· 4 known investors

TerraFirma develops AI-enabled software and autonomous robotics to accelerate physical infrastructure construction, making projects faster, cheaper, and safer through human-in-the-loop autonomy in planning, orchestration, and operations. The company serves construction and infrastructure customers while building technologies applicable to Earth construction and future Mars settlement.

Also known as TerraFirma, Inc

Investors Β· 4

Also in the syndicate Β· 2

Angel investors from SpaceX, Anduril, Base Power, Shinkei and HadrianBANNER VC

Funding

SEC filings, press & company announcements

$215M disclosed across 2 rounds Β· 2026

Source: company announcements and press reports β€” follow each round's link for the claim.

Company profile

researched Aug 2026

TerraFirma is an Austin, Texas-based, tech-enabled and vertically integrated construction company focused initially on robotic earthworks and site operations. Rather than selling software alone, it performs construction work itself using its own technology, covering mass excavation, land clearing, foundations, grading, grubbing and site demolition, and operating excavators, bulldozers, skid steers, loaders, graders and rollers autonomously, remotely or traditionally. For adjacent scopes such as utilities and concrete, the company works with partner contractors.

The product stack has three layers: Mission Planner, an AI-enabled pre-construction software suite for bidding, planning, simulation and execution; Mission Control, a remote command-and-control center for coordinating live construction operations; and Accelerated Operations, retrofitted heavy machinery that can be remotely operated or run through autonomous workflows triggered by small crews. Safety features include multi-layer protections such as automatic person detection and obstacle avoidance. The company positions the approach as enabling multiple shifts per day, higher labor and equipment utilization, and removal of operators from hazardous environments.

TerraFirma frames its work as a step toward broader U.S. re-industrialization and, longer term, heavy civil infrastructure for a Mars settlement. It states that after earthmoving it intends to address underground utilities, concrete and structural steel. Reported project sectors include housing, energy, transportation, manufacturing and education, and the company says it also works with the U.S. government on international infrastructure and logistics projects.

Founding story

TerraFirma was founded in 2024 by former SpaceX engineers Noah Schochet (CEO) and Noah McGuinness (CTO), who met about a decade earlier on the first day of an engineering class at Princeton University and worked together throughout their undergraduate studies. Both joined SpaceX after graduation β€” McGuinness on the Starshield government satellite program, Schochet on Starlink and later Starship. At Starbase they observed that the hardest part of the effort was not the rocket but the surrounding infrastructure β€” roads, power, water, communications and housing β€” which consumed more time, money and coordination than the spacecraft. The contrast between SpaceX's build cadence and the pace of the construction industry prompted them to apply mass-manufacturing and automation practices to construction.

Business model

Vertically integrated contractor model: TerraFirma is hired to perform earthworks and site operations projects and executes them with its own technology stack and crews, using partners for utilities and concrete scopes. Its technology is deployed on customer job sites, where it both delivers paid work and collects real-world robotics data used to improve its systems.

Sources indicate revenue is generated by performing construction/earthworks projects for commercial, government and nonprofit clients; no pricing, contract values or revenue figures are disclosed in the available sources.

Traction

Technology deployed across multiple job sites, with disclosed 2025-2026 projects including a Starbucks site in North Austin, a nonprofit retreat center in Taylor, a two-story building demolition and grading in Austin, a sports arena in Spicewood and a power substation in New Braunfels. The company reports project activity across housing, energy, transportation, manufacturing and education sectors and work with the U.S. government on international infrastructure and logistics. Built In Austin lists 8 total employees and 13 open Austin-based roles; the company said it plans to hire 300 employees within a year of its July 2026 raise. About half of its engineering team previously worked at SpaceX, Tesla or the Boring Company.

Latest developments

On 14 July 2026 TerraFirma announced approximately $115 million in total funding, 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, plus angel investors from SpaceX, Anduril, Base Power, Shinkei and Hadrian. Proceeds are directed at expanding engineering, manufacturing, operations and construction teams and further developing semi-autonomous heavy equipment systems; the company also said it will hire 300 employees over the next year and build a Texas factory and a mission control center, and that it plans to bid on future Moon projects.

β–ΈFull profile β€” market position, technology, go-to-market, geography, history, risks & controversies

Market position

Positioned as a construction-technology company applying aerospace-style engineering and manufacturing practices to heavy civil construction, citing long-run declines in U.S. construction labor productivity as the core market opportunity. It is described as part of a growing group of startups founded by SpaceX alumni, alongside companies such as Castelion and Relativity Space. No market share or ranking data is available in the sources.

The company emphasizes vertical integration β€” performing the construction work itself rather than only selling tools β€” and a human-in-the-loop model in which skilled operators supervise fleets of retrofitted machines from screens instead of cabs, rather than pursuing full autonomy. Management states that meaningful cost and speed improvements require innovating on operations and technology together across the full stack, informed by rapid iteration and field lessons. Founders and roughly half the engineering team bring aerospace manufacturing experience from SpaceX, Tesla and the Boring Company.

Technology

A full-stack platform combining AI-enabled pre-construction software (Mission Planner) for bidding, planning and simulation; a remote command-and-control center (Mission Control) for coordinating operations; and retrofitted semi-autonomous heavy machinery β€” excavators, dozers, loaders, rollers, skid steers and more β€” converted so that no operator is required in the cab. Operators work from screens using interfaces including Xbox controllers and can supervise fleets of machines rather than one machine each. The design philosophy is human-in-the-loop collaborative robotics rather than full automation, with lean crews designing and triggering autonomous workflows. Safety systems include automatic person detection and obstacle avoidance. The company claims the approach can make an operator up to 300% more effective.

Go-to-market

Direct contracting for earthworks projects, currently marketed primarily to customers in Texas ("Let's work together on your next earthworks project in Texas"), with reference projects publicized on its site. It collaborates with trusted partners for utilities and concrete scopes, and intends to bid on future lunar projects.

Owners and developers of physical infrastructure and commercial sites, with reported projects across housing, energy, transportation, manufacturing and education sectors β€” including retail development (Starbucks), a sports arena, a power substation, and a nonprofit retreat center β€” plus U.S. government customers for international infrastructure and logistics work.

Geography

Headquartered in Austin, Texas, with an on-site (in-office) work model. Disclosed project work is concentrated in Central Texas β€” North Austin, Austin, Taylor, Spicewood and New Braunfels. The company also reports international infrastructure and logistics projects executed with the U.S. government, and plans to build a Texas factory and a mission control center.

History

Founded in 2024 by two former SpaceX engineers, the company was described by CNBC in July 2026 as a two-year-old startup. It deployed its technology on Central Texas job sites during 2025, including a Starbucks site excavation in North Austin, site preparation for a Zachary Cole Foundation retreat center in Taylor, and demolition and grading for a two-story building in Austin. On 14 July 2026 it announced approximately $115 million raised in total, including a $100 million Series A led by Kleiner Perkins, and said it would hire 300 people over the following year and build a Texas factory and mission control center.

Risks & controversies

No controversies, litigation or regulatory issues are reported in the available sources. Notable execution risks implied by the material include an early stage (founded 2024) and small reported headcount (8) against a stated plan to hire 300 people within a year and to stand up a factory and mission control center; concentration of disclosed project work in Central Texas; and long-term Moon/Mars ambitions dependent on a space economy that the CEO acknowledged does not yet exist. Sources also differ in how the raise is characterized ($100M Series A versus ~$115M total).

Compiled by commissioned research from 8 cited public sources β€” announcements, filings, and press listed under research sources below.

Key figures

latest reported
Cited U.S. construction labor productivity change since 1965Jul 2026-0.6%
Claimed increase in per-operator effectivenessJul 2026300%
Open job postingsJan 202613 postings
Planned hiring over next yearJul 2026300 employees
Share of engineering team previously at SpaceX, Tesla or the Boring CompanyJul 2026About half
Total employeesJan 20268 people
Total funding raised to dateJul 2026$115M

Company-reported or press-reported figures, each dated to when it was claimed β€” not independently audited.

Competitors Β· 1

by search overlap

Companies competing with TerraFirma for the same Google search keywords, organic and paid, via search-intersection analysis.

Timeline Β· 7

launches, deals, and filings
Jul 2026
Plans to hire 300 employees and build a Texas factory and mission control center

Following the funding, the company said it plans to hire 300 employees over the next year and to build a factory in Texas as well as a mission control center.

source β†—

Jul 2026
TerraFirma raises $115M, including a $100M Series A led by Kleiner Perkins

TerraFirma announced approximately $115 million raised in total, 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, plus angel investors tied to SpaceX, Anduril, Base Power, Shinkei and Hadrian. Proceeds are earmarked for engineering, manufacturing, operations and construction team expansion and continued development of semi-autonomous heavy equipment systems.

$115M source β†—

Jul 2026
Commercial projects include a sports arena in Spicewood and a power substation in New Braunfels, Texas

Reported recent commercial work included site preparation, excavation and grading for a sports arena in Spicewood, Texas and a power substation in New Braunfels, Texas supporting power delivery to homes.

source β†—

Jul 2026
Work with the U.S. government on international infrastructure and logistics projects

TerraFirma reported working with the U.S. government to execute mission-critical international infrastructure and logistics projects in challenging operating environments.

source β†—

Jan 2025
Demolition and site grading for a two-story building in Austin, Texas

Project used remotely operated machinery with attachments including a grapple claw and hydraulic hammer.

source β†—

Jan 2025
Site excavation for a new Starbucks in North Austin, Texas

TerraFirma performed site excavation for a new Starbucks in North Austin in partnership with Starbucks, Reger Holdings, Flintrock Commercial, and Thomas Randolph Excavation.

source β†—

Jan 2025
Site preparation and building pads for Zachary Cole Foundation retreat center, Taylor, Texas

TerraFirma provided site preparation and constructed building pads for a retreat center serving recovering young adult leukemia patients and their families.

source β†—

Dated company events from announcements, filings, and press; legal rows summarize public dockets and regulator releases.

In the news

β–ΈResearch sources Β· 8

primary sources listed

8 public sources were cited for this profile; the first-party ones are listed here.

Frequently asked questions

What does TerraFirma do?
Austin-based, SpaceX-alumni-founded construction company using AI software and retrofitted semi-autonomous heavy equipment for earthworks.
Who are TerraFirma's investors?
TerraFirma's investors include Bain Capital Ventures, Kleiner Perkins.
How much funding has TerraFirma raised?
TerraFirma has disclosed $215M raised across 2 rounds.