Total amount raised
$222.1 Millions
Latest funding date
Location
Title
Gecko Robotics has successfully raised significant funding over multiple rounds, achieving a valuation of $633 million. The company specializes in providing advanced AI and robotics solutions for critical infrastructure.
Keep reading to explore the intricacies of Gecko Robotics' fundraising journey and the investors backing this innovative platform.
What Is Gecko Robotics?
Gecko Robotics, founded in 2013 by Jake Loosararian and Troy Demmer, is based in Pittsburgh, Pennsylvania. The company specializes in AI and robotics solutions for infrastructure management.
Gecko Robotics employs between 251 and 500 people, offering advanced robotics and inspection services for industrial applications. Their technology includes wall-climbing robots and an AI-powered data platform.
By providing real-time insights into the health of physical assets, Gecko Robotics helps increase efficiency and safety, promote mission readiness, and protect the environment from infrastructure failure.
How Much Funding Has Gecko Robotics Raised?
- Seed Round
- Amount Raised: Not publicly disclosed
- Date: March 2016
- Lead Investors: Y Combinator
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To develop initial prototypes and validate the market need for their technology.
- Series A
- Amount Raised: $9.1M
- Date: August 2018
- Lead Investors: Founders Fund
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale operations and enhance the technology for broader industrial applications.
- Series B
- Amount Raised: $40M
- Date: December 2019
- Lead Investors: Drive Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand the team and accelerate product development.
- Series C
- Amount Raised: $73M
- Date: March 2022
- Lead Investors: XN
- Valuation at Round: $533M
- Motivation Behind the Round: To address the challenges of aging infrastructure and expand operations.
- Series C
- Amount Raised: $100M
- Date: December 2023
- Lead Investors: Founders Fund, US Innovative Technology Fund
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To further enhance technology and expand market reach.
- Secondary Market
- Amount Raised: Not publicly disclosed
- Date: February 2024
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To provide liquidity to early investors and employees.
Total Amount Raised: $222.1M
Current Valuation: $633M
Key Investors
- Founders Fund
- Details: Founders Fund is a venture capital firm known for its investments in transformative companies. It was founded by Peter Thiel, Ken Howery, and Luke Nosek.
- Investment Focus Areas: Technology, aerospace, healthcare.
- Notable Investments: SpaceX, Palantir, Facebook.
- Drive Capital
- Details: Drive Capital is a venture capital firm that invests in technology companies outside of Silicon Valley. It was founded by Mark Kvamme and Chris Olsen.
- Investment Focus Areas: Technology, healthcare, consumer products.
- Notable Investments: Root Insurance, Duolingo, Olive.
- XN
- Details: XN is a New York-based investment firm that led Gecko Robotics' Series C funding round. The firm focuses on innovative technologies.
- Investment Focus Areas: Innovative technologies, infrastructure, AI.
- Notable Investments: Not publicly disclosed.
- US Innovative Technology Fund
- Details: US Innovative Technology Fund is an investment firm that participated in Gecko Robotics' Series C funding round. The firm focuses on cutting-edge technology investments.
- Investment Focus Areas: Technology, AI, robotics.
- Notable Investments: Not publicly disclosed.
- Y Combinator
- Details: Y Combinator is a startup accelerator that has funded over 2,000 startups. It was founded by Paul Graham, Jessica Livingston, Robert Tappan Morris, and Trevor Blackwell.
- Investment Focus Areas: Technology, software, consumer products.
- Notable Investments: Airbnb, Dropbox, Stripe.
What's Next for Gecko Robotics?
Gecko Robotics stands at the cusp of a significant opportunity, driven by the urgent need to maintain and protect aging infrastructure in the U.S. and Europe. Their bio-inspired climbing robots, designed for sectors like power generation, oil and gas, and heavy manufacturing, offer a transformative solution to a market that has long been underserved by technological innovation.
With a successful Series C funding round and high-profile investors like Mark Cuban and Joe Lonsdale, future fundraising opportunities seem promising. The company may pursue additional rounds to scale operations and technology further. However, challenges such as operating in harsh environments and staying ahead of competitors will require continuous innovation and strategic partnerships.
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