Work Here?
Industries
Robotics & Automation
Industrial & Manufacturing
Company Size
51-200
Company Stage
Series A
Total Funding
$32.1M
Headquarters
San Francisco, California
Founded
2013
Petra specializes in creating robotic solutions for the underground utility sector, focusing on burying utilities in difficult and disaster-prone areas. Their technology is designed to protect critical infrastructure from natural and man-made threats, ensuring operations continue even during disasters like wildfires and storms. Petra serves utility companies, government agencies, and private organizations that need reliable underground infrastructure solutions, especially where traditional installation methods are not possible. The company generates revenue through the sale and leasing of its robotic systems, as well as service contracts for installation and maintenance. Petra's leadership team has extensive experience from organizations like NASA and Tesla, and they aim to enhance the resilience and reliability of critical infrastructure through their advanced robotic technology.
Help us improve and share your feedback! Did you find this helpful?
Total Funding
$32.1M
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
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 ...
Find jobs on Simplify and start your career today
Industries
Robotics & Automation
Industrial & Manufacturing
Company Size
51-200
Company Stage
Series A
Total Funding
$32.1M
Headquarters
San Francisco, California
Founded
2013
Find jobs on Simplify and start your career today