Gecko Robotics Secures $125 Million Funding, Achieves Unicorn Status with AI-Powered Infrastructure Inspection

2 Sources

Gecko Robotics, a Pittsburgh-based AI and robotics company, has raised $125 million in a Series D funding round, valuing the company at $1.25 billion. The company specializes in using advanced robots and AI for critical infrastructure inspection and maintenance.

Gecko Robotics Secures Significant Funding

Gecko Robotics, a Pittsburgh-based AI and robotics company, has announced a substantial financial milestone. The company has successfully raised $125 million in a Series D funding round, propelling its valuation to an impressive $1.25 billion 1. This latest investment has catapulted Gecko Robotics into the coveted unicorn status, a remarkable achievement for the company founded by Jake Loosararian approximately twelve years ago 1.

Innovative Technology for Critical Infrastructure

At the core of Gecko Robotics' success is its cutting-edge technology designed for modernizing and maintaining critical infrastructure 2. The company has developed a fleet of advanced robots capable of climbing, flying, and swimming to inspect various structures. These robots collect vast amounts of data from critical infrastructure, including:

  • Defense installations
  • Energy facilities
  • Manufacturing plants
  • United States Navy warships
  • Power plants
  • Public infrastructure 2
Source: SiliconANGLE

Source: SiliconANGLE

AI-Powered Operating System: Cantilever

The data collected by Gecko's robots is processed through Cantilever, the company's AI-powered operating platform 1. This sophisticated system provides a decision-making structure that can:

  • Predict pipeline explosions
  • Modernize C-130 aircraft
  • Recommend ways to increase power plant efficiency by 3-5% 2

Jake Loosararian, co-founder and CEO of Gecko Robotics, emphasized the company's evolution, stating, "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" 2.

Source: CNBC

Source: CNBC

Strategic Partnerships and Collaborations

Gecko Robotics has been actively forming strategic partnerships to expand its reach and capabilities:

  1. A $100 million partnership with NAES Corp., America's largest independent power operator 2.
  2. Collaboration with L3Harris Technologies Inc. to create an extended reality solution for aircraft maintenance 2.
  3. Expanded work with Abu Dhabi National Oil Co. for gas facility inspections 2.

Investment and Future Prospects

The latest funding round was led by new investor Cox Enterprises, with participation from existing investors including USIT, XN, Founders Fund, and Y Combinator 1. To date, Gecko Robotics has raised a total of $347 million 1.

Trae Stephens, partner at Founders Fund, highlighted the unique position of Gecko Robotics in the tech industry: "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" 2.

As Gecko Robotics continues to grow and innovate, its AI-driven approach to infrastructure inspection and maintenance positions it as a key player in ensuring the safety and efficiency of vital structures across various sectors.

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