INSUBCONTINENT EXCLUSIVE:
Gecko Robotics’ technology runs on Cantilever, its AI-powered operating platform
| Source: Gecko RoboticsGecko 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.Now
accepting session submissions!“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 technologyGecko helps companies build, operate, and modernize their
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.The post Gecko Robotics reaches unicorn status with latest funding appeared first on The Robot Report.
