Gecko Robotics Raises $100M to Extend Series C Funding

Gecko will help modernize strategic nuclear missile silos for the US Air Force, and continues increasing the speed of maintenance cycles for the US Navy surface fleet By Abi Wylie / 06 Dec 2023
Gecko Robotics Raises $100M to Extend Series C Funding
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Gecko Robotics has extended its Series C funding round bringing the total Series C raise to $173 million.

The company is an industry leader in using AI-powered software and advanced robotics to maintain and build some of the world’s most important physical infrastructure.

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.

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.

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.

Gecko Robotics CEO Jake Loosararian said; “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. 

“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.”

Trae Stephens, Partner at Founders Fund, added; “Gecko Robotics is solving a problem that does not get enough attention. 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.”

Posted by Abi Wylie Connect & Contact
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