Status
Available
Last Round Valuation
$50 Billion
Share Price
$50.00
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Gecko Robotics helps the world's most important organizations build, operate and maintain their most critical physical assets. Gecko's robots capture integrity data at previously unheard-of scale and fidelity, climbing pipelines, boilers, tanks, ship hulls, and much more. Gecko's AI-powered software platform, Cantilever, contextualizes that data and translates it into action. By bringing together data layers that were not previously possible, Cantilever is driving important decisions for customers that increase uptime, decrease costs, and eliminate safety issues.
Gecko Robotics is solving a problem that does not get enough attention. Gecko addresses the critical issue of inspecting and maintaining industrial infrastructure safely and efficiently. The company's wall-climbing robots, equipped with advanced sensors and proprietary magnetic adhesion technology, can perform thorough inspections of power plants, refineries, ships, and other critical assets that would typically require dangerous human labor, extensive scaffolding, and costly shutdowns. By deploying these robots, Gecko Robotics significantly reduces inspection time, improves safety by eliminating the need for human inspectors to work in hazardous conditions, and provides high-quality data that can be analyzed to predict and prevent potential failures before they occur.
Wall climbing robots perform non-destructive testing inspections on tanks, boilers, pressure vessels, piping and more. Using specially-designed sensor payloads, the robots can inspect wall thickness, pitting, and many other forms of degradation. Robots collect millions of data points on the condition of assets, identifying corrosion, cracking, wastage, and other damage.
With powerful magnetic wheels, Gecko’s TOKA line of robots are able to rapidly and accurately inspect carbon steel equipment from power boilers, to storage tanks to container ships. It’s patented robots are designed and tested for rugged conditions, and are ready to deploy around the world with highly skilled operator teams.
Monarch's compact size and modular payloads make it perfect for navigating complex geometries and collecting new data layers. This enables Gecko to inspect and inform on the health of a whole a new class of assets, like aging concrete structures; 1,450 Hydropower plants, 92 Nuclear plants, and 343k Concrete bridges in the US alone.
nThe Cantilever Software Platform is a first-of-its-kind solution that integrates data from Gecko's robotic, fixed-sensor, and partner systems into a unified platform. This enables unparalleled analysis and decision-making about asset health.
Gecko Robotics' Advanced Services give clients a full range of options to achieve data dense inspections on high-risk equipment. Phased array robots scan base metal and welds for cracking, blistering, laminations, and other damage at millimeter resolution - providing the information needed to make accurate calls.
Gecko Robotics provides phased array weld inspections to complement its core RUG and Rapid-AUT mapping inspections. The inspection covers weld seams, heat-affected zones (HAZ), flanges, and any other areas prone to cracking (SCC, HIC/SOHIC, etc) or other damage mechanisms (HTHA, etc).
Automated ultrasonic testing enables clients to detect damaged areas of assets. Traditionally a time-consuming process, Gecko Robotics' rapid automated ultrasonic testing speeds up the process, completing up to 600 square feet with millimeter resolution in just one 12-hour shift.
Gecko Robotics also provides on-stream inspection of fixed equipment to identify damages caused by chemicals or stress in carbon and low alloy steel.
The company's business model combines robotics hardware with AI-powered software solutions, allowing them to offer comprehensive inspection and maintenance services across various industries.
Gecko Robotics offers robotics as a service, sending crews to sites to operate robots, collect data, process it, and deliver a report to the asset owner.
The company charges between $50,000 and $100,000 per robot deployed for inspection services.
According to CEO Loosararian to Bloomberg, “this raise allows for us to reach profitability without ever having to raise again.” The company, which intends to eventually go public, plans to use the capital to make acquisitions in both the software and hardware spaces.
Gecko announced in November 2023 that it was contracting with the navy to help modernize the manufacturing process for the $132 Billion Columbia-class nuclear submarine program. The company said it will use its advanced weld inspection and data capabilities to reduce inspection times and costs.
Gecko has signed a contract with the Air Force to help it modernize its nuclear technology and it continues to help the Navy maintain its fleet.
The company was recently named to Fast Company's list of the World's Most Innovative Companies of 2024, highlighting their industry-leading position.
Customers
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Key Investors
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Size of Market
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Market Position
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Industry
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Primary Vertical
Employees
500
Mosaic Score
840
Money
760
Momentum
850
Management
760
Market
960
What is a Mosaic Score?
| Name | Work History | Title | Status |
|---|---|---|---|
| John Smith | Aenean, quam eu, diam dignissim | Chief Executive Officer | Current |
| John Smith | Aenean, quam eu, diam dignissim | Chief Executive Officer | Current |
| John Smith | Aenean, quam eu, diam dignissim | Chief Executive Officer | Current |
| John Smith | Aenean, quam eu, diam dignissim | Chief Executive Officer | Current |
Last Round
Sept. 2019, Series B1
Valuation Post-Money
$400.2M
Amount Raised
$2.5M
Total Funds Raised
$75.2M
Implied Valuation
$84M
| Date | Round | Amount | Valuation | Investors |
|---|---|---|---|---|
| MM/DD/YYYY | Growth Equity | $1M | $2.8B | Name goes here |
| MM/DD/YYYY | Growth Equity | $1M | $2.8B | Name goes here |
| MM/DD/YYYY | Growth Equity | $1M | $2.8B | Name goes here |
| MM/DD/YYYY | Growth Equity | $1M | $2.8B | Name goes here |
| Company | Valued | Revenue |
|---|---|---|
|
Coinbase San Francisco, CA |
$2.8B | $1.3B |
|
Coinbase San Francisco, CA |
$2.8B | $1.3B |
|
Coinbase San Francisco, CA |
$2.8B | $1.3B |
