Insider Brief
- Gecko Robotics, a leader in AI-powered software and advanced robotics for infrastructure maintenance and building, has extended its Series C funding round to a total of $173 million.
- This extension includes adding representatives from US Innovative Technology Fund (USIT) and Founders Fund to its board, following their recent announcement to aid the U.S. Navy in the Columbia-class Sub program.
- The company has seen increased demand from the U.S. military and its allies, leading to significant contracts such as modernizing nuclear missile silos with the U.S. Air Force and speeding up maintenance cycles for the U.S. Navy’s surface fleet.
PRESS RELEASE — PITTSBURGH/December 5, 2023/(BUSINESS WIRE) — Gecko Robotics, the industry leader in using AI-powered software and advanced robotics to maintain and build the world’s most important physical infrastructure, today announced an extension of its Series C funding round bringing the total Series C raise to $173 Million.
As part of the extension, Gecko is adding representatives from US Innovative Technology Fund (USIT) and Founders Fund to its corporate board. The addition of Founders Fund and USIT, both well-known investors in the defense technology space, comes on the heels of last week’s announcement that Gecko will help the U.S. Navy increase the speed of the manufacturing process for the $132 Billion Columbia-class Sub program.
“This investment is designed to help supercharge our work ensuring the critical assets that our military relies on to protect our national security are ready,” said Gecko Robotics CEO Jake Loosararian. “From our work getting ships out of maintenance cycles faster to helping build the next generation of military equipment, Gecko is proud to be increasing our partnerships with the US Military — and we’re looking forward to having USIT and Founders Fund onboard helping us continue that growth.”
Since the initial Series C announcement, Gecko has experienced a major increase in demand from both the U.S. military and its allies. Gecko signed a contract with the U.S. Air Force to help with the modernization of strategic nuclear missile silos, and has continued to expand its work with the U.S. Navy to help increase the speed of maintenance cycles for the surface fleet. Last month, Gecko announced the launch of Cantilever, the company’s new AI-powered software platform used by the Navy and other customers to increase the speed of decision making. The company’s latest initiative to help the Navy modernize the manufacturing and construction process of the Columbia-class program furthers this trend.
“Preserving American military superiority requires that we not only maintain, but also build and innovate our critical defense infrastructure,” said Thomas Tull, Chairman of USIT. “Gecko is at the forefront of pioneering a new era of military readiness with robots and AI-powered software that will improve the systems necessary to maintaining our national safety and fulfill America’s vital responsibilities around the world.”
“Gecko Robotics is solving a problem that does not get enough attention,” said Trae Stephens, Partner at Founders Fund. “Maintenance is often overlooked but it can mean the difference between having the military assets we need to respond to a national security threat or not. American innovation is leading the way in building the future technology to protect the freedom and security of America and our allies. Gecko is on the frontlines of making sure the assets we rely on are ready if called upon — both today and tomorrow.”
The board seats will be filled by USIT Managing Director Gaetano Crupi, who is the co-founder and former CEO of Cabin Technologies, and Trae Stephens of Founders Fund, who is also the Co-Founder and Executive Chairman of Anduril Industries.
About Gecko Robotics
Gecko Robotics is helping the world’s most important organizations ensure the availability, reliability, and sustainability of critical infrastructure. Gecko has contracts with the United States Navy to speed maintenance cycles for surface ships, and the United States Air Force to rapidly assess the condition of ICBM launch facilities as part of the Sentinel program. Gecko’s complete and connected solutions combine wall-climbing robots, industry-leading sensors, and an AI-powered data platform to provide customers with a unique window into the current and future health of their physical assets. This provides unprecedented insights, enabling decision advantage and increasing readiness to ensure mission success. For more information about Gecko Robotics please visit www.geckorobotics.com.
Contacts
James Atkin
james.atkin@geckorobotics.com
