Petra

Petra

Robotic solutions for underground utility installation

About

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 feasible. 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.

Company Stage

Series A

Employees

51-200

Industries

Robotics & Automation, Industrial & Manufacturing

Total Funding

$32.1M

Headquarters

N/A

Founded

2013


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Simplify's Take

What believers are saying

  • Petra's innovative technology addresses the growing demand for resilient underground utilities, positioning it for significant market growth.
  • The recent $30M Series A funding round provides Petra with the financial resources to accelerate its technological development and market expansion.
  • Strategic acquisitions like Zilper Trenchless expand Petra's technological capabilities and market reach, enhancing its competitive position.

What critics are saying

  • Operating in the niche market of underground utility installation in difficult geologies may limit Petra's market size.
  • The integration of acquired companies like Zilper Trenchless could pose challenges in terms of technology and culture alignment.

What makes Petra unique

  • Petra's focus on underground utility installation in challenging geologies sets it apart from traditional utility installation companies.
  • The acquisition of Zilper Trenchless enhances Petra's capability to operate in 'nightmare' geologies, providing a unique competitive edge.
  • Petra's leadership team, with experience from NASA, Intuitive Surgical, Carbon 3D, and Tesla, brings unparalleled expertise to the robotics and infrastructure sectors.

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Growth & Insights
Headcount

6 month growth

0%

1 year growth

-1%

2 year growth

-2%

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