Pittsburgh-based Gecko Robotics, a artificial intelligence (AI) and robotics company, recently raised $1.25 billion in Series D funding.
The company will use funding to grow and to build and modernize sectors, such as defense, energy and manufacturing.
“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,” Jake Loosararian, Gecko Robotics co-founder and CEO, of said. “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.”
Cantilever provides a decision making structure that can be used to modernize a C-130 aircraft, predict pipeline explosions, or recommend how to operate a power plant at 3 percent to 5 percent greater efficiency.
Cox Enterprises led this round of new investors. Continuing investors Founders Fund, USIT, XN, and YCombinator also contributed.
Gecko’s robots can climb, fly and swim. They collect data on structures such as public infrastructure, power plants and warships. The company serves everything from the U.S. military to Fortune 100 companies.