Petra develops robotic systems that bury and service underground utilities in difficult and disaster-prone geologies to protect critical infrastructure. Its robots install and maintain utilities in places traditional methods can’t reach and can be sold or leased with ongoing service contracts to utilities, government agencies, and private firms. Petra differentiates itself with a focus on resilient underground installation, end-to-end deployment and maintenance, and active partnerships, backed by leadership with NASA, Tesla, and other tech backgrounds. The goal is to improve the resilience and reliability of critical infrastructure by securely placing and maintaining underground utilities in areas previously considered impractical.
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Industries
Company Size
51-200
Company Stage
Series A
Total Funding
$33M
Headquarters
San Francisco, CA
Founded
2013
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Total Funding
$33M
Above
Industry Average
Funded Over
2 Rounds
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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
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, 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.
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
Company Size
51-200
Company Stage
Series A
Total Funding
$33M
Headquarters
San Francisco, CA
Founded
2013
Find jobs on Simplify and start your career today
We update Petra's jobs every few hours, so check again soon!Browse all jobs