Petra

Petra

Robotic solutions for underground utility installation

About Petra

Simplify's Rating
Why Petra is rated
B+
Rated B on Competitive Edge
Rated A on Growth Potential
Rated B on Rating Differentiation

Industries

Robotics & Automation

Industrial & Manufacturing

Company Size

51-200

Company Stage

Series A

Total Funding

$32.1M

Headquarters

San Francisco, California

Founded

2013

Overview

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.

Simplify Jobs

Simplify's Take

What believers are saying

  • Increased demand for underground utilities due to climate change impacts boosts Petra's market.
  • $30M Series A funding supports Petra's technology development and market expansion.
  • Tekfen Ventures' investment indicates confidence in Petra's innovative tunneling technology.

What critics are saying

  • Emerging trenchless technology companies could threaten Petra's market share.
  • Integration of Zilper Trenchless may present operational challenges for Petra.
  • Reliance on strategic partnerships may expose Petra to risks if expectations aren't met.

What makes Petra unique

  • Petra's technology can bore through both hard rock and soft ground geologies.
  • The acquisition of Zilper Trenchless enhances Petra's trenchless technology capabilities.
  • Petra's leadership team has extensive experience from organizations like NASA and Tesla.

Help us improve and share your feedback! Did you find this helpful?

Funding

Total Funding

$32.1M

Above

Industry Average

Funded Over

2 Rounds

Series A funding typically happens when a startup has a product and some customers, and now needs funding to scale. This money is usually used to grow the team, expand marketing, and improve the product. Venture capital firms are frequently the main investors here.
Series A Funding Comparison
Above Average

Industry standards

$15M
$8.2M
Discord
$15M
Canva
$30M
Petra
$100M
GitHub

Growth & Insights and Company News

Headcount

6 month growth

2%

1 year growth

-1%

2 year growth

-1%
Business Wire
Sep 15th, 2022
Petra Acquires Trenchless Tunneling Company Zilper To Enable Utility Undergrounding Through Any Nightmare Geology

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

Informed Infrastructure
Sep 15th, 2022
Petra Acquires Trenchless Tunneling Company Zilper to Enable Utility Undergrounding Through any Nightmare Geology | Informed Infrastructure

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.

Petra
Sep 15th, 2022
Zilper Trenchless merges with Petra

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.

E-Girişim
Jun 16th, 2022
Tekfen Ventures, Yeni Nesil Tünel Açma Teknolojileri Üreten Abd Merkezli Petra’Ya Yatırım Yaptı

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 []

Webrazzi
Jun 16th, 2022
Tekfen Ventures, Temassız Tünel Açma Teknolojileri Üreticisi Petra'Ya Yatırım Yaptı

Tekfen Ventures, ağırlıklı olarak Tekfen’in faaliyet gösterdiği alanlarda, girişim dünyasındaki fırsatları değerlendirmek amacıyla erken aşama teknoloji şirketlerine yatırım yapmak üzere 2016 yılında ...

Recently Posted Jobs

Sign up to get curated job recommendations

There are no jobs for Petra right now.

Find jobs on Simplify and start your career today

💡
We update Petra's jobs every 8 hours, so check again soon! Browse all jobs →