Gecko Robotics’ technology runs on Cantilever, its AI-powered operating platform. | Source: Gecko Robotics
Gecko Robotics, a Pittsburgh-based company that designs robots for building, operating, and modernizing critical infrastructure, today achieved unicorn status. With a fresh $125 million in Series D funding, Gecko Robotics doubled its valuation from its previous round to $1.25 billion.
The additional funding will accelerate the company’s growth and its focus on building and modernizing critical sectors. These include defense, energy, and manufacturing, which are becoming investment priorities for governments and companies around the world. It comes in the wake of recent announcements such as Gecko’s partnership with NAES to modernize the energy sector, creating a new Extended Reality product with L3Harris, and its growing work with the Abu Dhabi National Oil Company.
“Gecko was built out of my college dorm room, to what it is today – the company ensuring the safety of public infrastructure, the optimization of energy and manufacturing facilities, and the modernization of allied militaries to deter global conflict,” said Jake Loosararian, co-founder and CEO of Gecko Robotics.
“We built our Operating Platform, Cantilever, with an ontology that starts with first principles and questions the integrity of data – because in the built world, data is guilty until proven innocent. Developing robots to diagnose built environments ensures our data and AI-powered software can transform and modernize physical infrastructure around the world. The lack of quality data that exists on our built world is why there has been a huge surge towards Gecko,” he continued.
The round was led by new investors Cox Enterprises and continuing investors USIT, XN, Founders Fund, and YCombinator. Gecko did not disclose the total amount it raised.
More about Gecko’s technology
Gecko helps companies build, operate, and modernize their critical infrastructure. Across industries, Gecko said it is reducing shutdowns and asset downtime and saving organizations billions of dollars.
Gecko uses a variety of robots that can climb, fly, and swim to collect data on built structures, such as U.S. Navy warships, power plants, and public infrastructure. The company’s operating platform, Cantilever, provides a decision-making structure that can predict pipeline explosions, modernize a C-130 aircraft, or use AI to recommend how to operate a power plant at 3-5% greater efficiency, the company claimed.
“While much of the tech industry is focused on consumer AI applications, Gecko Robotics is using AI to address an important, underappreciated challenge – the building and maintenance of critical infrastructure. Gecko’s business continues to grow as organizations across a wide variety of sectors realize this work is more safely and thoroughly performed by sensors and robots than humans,” said Trae Stephens, Partner at Founders Fund.
Gecko’s suite of robotic technologies, which includes climbing robots and drones, ensures data integrity by collecting and integrating full-coverage, high-fidelity data layers. Its robots have analyzed thousands of assets, offering complete visibility into asset health while strengthening AI algorithms with powerful data, it claimed.
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