Introduction

Gecko Robotics has piloted $40 million in funding as it looks to create an additional 40 robots over the next year to reach what the company views as increasing demand for its security and infrastructure monitoring services.

The Story of Gecko Robotics 

They are fast-growing, solving crucial infrastructure problems that affect lives, and can even save lives.

At the core, they are a robot-enabled software firm that assists stop life-threatening emergencies. 

They have produced an innovative way to employ robots as an enabler to obtaining data for predictability of infrastructure, overcoming failure, explosions, eruptions, and billions of dollars of damage each year.

During the three years following its launch in 2016,Gecko Robotics has succeeded to develop from a small team of Pittsburgh robotics experts addressing from Carnegie Mellon. 

Certainly, the company has included more than 100 new workers. 

The recruiting push has been widely around building a team of equipped experts in particular market segments who can manage the robots that Gecko extends to industrial work sites.

There has been something of a robotics change in the security and compliance market across the past few years. 

From automated equipment lines to warehouses and presently to chemical plants and refineries, robots are earning their presence felt.

Moreover, Gecko is not the only company that is attempting to tackle the market. 

Additional companies like Invert Robotics, a Christchurch, New Zealand-based company, has developed its own ambitious robotic safety inspector.

The opening pitch from Gecko succeeded in drawing angel investors like Mark Cuban, Deep Nishar (managing partner at SoftBank), Josh Reeves, and Jake Seid, the managing director at Stone Bridge Ventures.

Presently the company joins the Midwestern venture capital juggernaut Drive Capital to its stable of investors.

Gecko Robotics For Security And Infrastructure Monitoring | Itmunch

More About The Funding

Mark Kvamme, a leading investor and partner at Drive Capital, said that he sees the wondrous potential for Gecko’s business design, and they are on the way to becoming a market leader in their industry.

Gecko Robotics has previously started a 20,000-square-foot office in Houston and has facilities in Houston, Austin, and Pittsburgh.

Gecko presently has 60 robots in its shelter of robots and will add another at least 40 more across the course of the year.

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Conclusion

Gecko Robotics is making impressive strides in revolutionizing infrastructure monitoring with its innovative robotics solutions. With its recent $40 million funding, the company is poised to expand its fleet of robots to meet increasing demand in industries like chemical plants, refineries, and warehouses. This expansion is not just a reflection of their growth but also of the growing need for technology-driven solutions to enhance safety, predict infrastructure issues, and prevent costly failures. With backing from high-profile investors and plans for rapid expansion, Gecko Robotics is well on its way to becoming a market leader in the robotics and security industry, potentially transforming the way businesses handle infrastructure maintenance and safety. For more updates and the latest tech news, keep reading iTMunch. 

FAQs – Gecko Robotics

  1. What is Gecko Robotics?
    • Gecko Robotics is a robot-enabled software company that specializes in infrastructure monitoring and security services. They utilize advanced robotics to collect data and predict infrastructure failures, helping prevent life-threatening emergencies and costly damages in industries like chemical plants and refineries.
  2. What is the recent funding round for Gecko Robotics?
    • Gecko Robotics raised $40 million in funding to expand its robotic fleet and meet the increasing demand for its services in infrastructure monitoring and security. This funding will help the company create an additional 40 robots over the next year.
  3. What industries does Gecko Robotics serve?
    • Gecko Robotics primarily serves industries like chemical plants, refineries, warehouses, and other industrial worksites that require infrastructure monitoring, predictive maintenance, and safety inspections.
  4. How many robots does Gecko Robotics have currently?
    • As of now, Gecko Robotics has 60 robots and plans to add at least 40 more to its fleet over the course of the next year to address growing demand.
  5. Who are some of the investors backing Gecko Robotics?
    • The company has attracted several high-profile investors, including Mark Cuban, Deep Nishar (Managing Partner at SoftBank), and Josh Reeves, along with venture capital firm Drive Capital.
  6. Where are Gecko Robotics’ facilities located?
    • Gecko Robotics has facilities in Houston, Austin, and Pittsburgh. Additionally, they have started a 20,000-square-foot office in Houston.
  7. How does Gecko Robotics help in preventing infrastructure failures?
    • Gecko Robotics deploys robots to inspect and monitor infrastructure, providing detailed data and insights to predict potential failures before they happen, thus helping to prevent explosions, eruptions, and billions of dollars in damage each year.
  8. What makes Gecko Robotics different from other companies in the market?
    • Gecko Robotics stands out by combining robotic technology with software to predict and prevent infrastructure failures. The company’s innovative approach to using robots for monitoring industrial worksites has positioned it as a leading player in the safety and compliance market.