March 3, 2022
Pittsburgh-based Gecko Robotics has announced raising $73 million in a Series C funding round, which will accelerate its mission of protecting critical infrastructure through robotic inspections.
Co-founded by Jake Loosararian and Troy Demmer, Gecko focuses on industries such as power generation, oil and gas, heavy manufacturing, and defense. The Gecko robots can capture data at previously unheard-of scale and fidelity, with the ability to climb pipelines, boilers, tanks, ship hulls and more to search for damage, the company said. The Gecko software, in turn, enables human experts to contextualize the data and translate it into action.
Gecko said the industrial sector has been largely underserved by technological investment and innovation, with dire consequences in the form of workplace injuries, environmental disasters, and system failures. Gecko’s platforms operate in some of the most dangerous and demanding environments, using data to maximize the contributions of human experts and simultaneously keeping them out of danger.
“Gecko’s unique combination of robotics and software radically improves the ability to inspect, protect, and efficiently maintain critical infrastructure,” said Tim Brown, partner at XN and lead investor in the round. Also participating were Founders Fund, XYZ, Drive Capital, Snowpoint Ventures, Joe Lonsdale, Mark Cuban, Gokul Rajaram, and others.
“Jake is incredibly passionate about industrial infrastructure – which is a weird thing to be passionate about – but it’s been incredible seeing that dedication and drive translate into Gecko’s growth,” said Trae Stephens, partner at Founders Fund. “Rather than eliminating workers, Gecko’s technology minimizes danger by removing them from the most precarious maintenance tasks.”
For more details on Gecko Robotics and its technology, visit its website here.