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Petra designs and deploys robotic systems that bury and service underground utilities in difficult and disaster-prone geologies to protect critical infrastructure from natural and man-made threats. Its robots install and maintain utilities where traditional methods fail, with options to buy or lease and accompanying service contracts. Led by executives with NASA, Intuitive Surgical, Carbon 3D, and Tesla backgrounds, Petra combines deep robotics expertise with a track record of raising funds and collaborating with universities. The goal is to improve resilience and reliability of essential infrastructure by enabling secure underground installation and maintenance in places once considered impractical.
Industries
Robotics & Automation
Industrial & Manufacturing
Government & Public Sector
Energy
Company Size
51-200
Company Stage
Series A
Total Funding
$33M
Headquarters
San Francisco, California
Founded
2013
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Total Funding
$33M
Above
Industry Average
Funded Over
2 Rounds
Industry standards
SAN FRANCISCO--(BUSINESS WIRE)--Petra, the first company capable of undergrounding critical utility infrastructure from difficult hard rock to soft ground geologies, announced the acquisition of Zilper Trenchless, a pioneer in the trenchless technology space. Zilper Trenchless machines uniquely install critical utility infrastructure through nightmare geologies such as flowing sands, cobbles, and high water table environments. The vast majority of the world’s electric, water, and sewer utilities were not designed to withstand the storms, extreme heat, and drought brought on by climate change and rapid population growth. Above-ground power lines have caused thousands of wildfires in drought prone areas and blackouts during hurricanes. In coastal areas, increased flooding and sea level rise cause sewage to leach into waterways. There is a growing demand by municipalities to expand underground utilities, but in many populated areas with hard and soft ground nightmare geologies, conventional technology has difficulty boring through flowing sand, high water table content, and cobbles. According to the Black & Veatch 2022 Water Report, the United States would need to increase its investment in water infrastructure by $2.2 trillion over the next 20 years, or roughly $109 billion per year to close the water industry’s current investment gap
Zilper, a pioneer in the trenchless technology space, will merge with Petra, the first company capable of undergrounding critical utility infrastructure through nightmare hard rock geologies.
Petra, the first company capable of undergrounding critical utility infrastructure from difficult hard rock to soft ground geologies, announced the acquisition of Zilper Trenchless, a pioneer in the trenchless technology space.
egirişim - Girişimcilik ve Teknoloji Tekfen Yatırım Grubu’nun ana şirketi olan Tekfen Ventures, ağırlıklı olarak Tekfen’in faaliyet gösterdiği alanlarda, girişim dünyasındaki fırsatları değerlendirmek amacıyla erken aşama teknoloji şirketlerine yatırım yapmak üzere 2016 yılında kuruldu. Odaklandığı sektörlerdeki girişim sayısını 13’e çıkaran Tekfen Ventures’ın portföyündeki şirketlerinden biri de, dünyada bir ilk olan; temassız, yeni nesil tünel açma teknolojileri üreticisi olan Petra. Daha []
Tekfen Ventures, ağırlıklı olarak Tekfen’in faaliyet gösterdiği alanlarda, girişim dünyasındaki fırsatları değerlendirmek amacıyla erken aşama teknoloji şirketlerine yatırım yapmak üzere 2016 yılında ...
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Industries
Robotics & Automation
Industrial & Manufacturing
Government & Public Sector
Energy
Company Size
51-200
Company Stage
Series A
Total Funding
$33M
Headquarters
San Francisco, California
Founded
2013
Find jobs on Simplify and start your career today