Thu. May 30th, 2024

– Gecko Robotics has extended its series C funding round with an additional $100 million, bringing its total raised funds to $173 million.
– The company is known for developing Navy-deployed ship-scaling inspection robots, which are utilized to automate the asset inspection process, detect structural damage, and speed up maintenance cycles.
– As part of the funding extension, representatives from defense technology companies US Innovative Technology Fund (USIT) and Founders Fund will be added to Gecko’s corporate board.
– The firm has been increasing its partnerships and deploying its technology with the U.S. military to modernize and accelerate the manufacturing and maintenance processes for its assets.

Gecko Robotics has secured an additional $100 million as part of its series C funding round, leading to a total of $173 million raised. The company has gained significant recognition in the technology and defense sectors with its fleet of inspection robots and data analytics programs, aimed at automating the process of asset inspection. Through the detection of structural damage, Gecko’s technology aids in speeding up maintenance cycles.

In the light of its continuing success, the company has announced the addition of members from prominent defense technology companies US Innovative Technology Fund (USIT) and Founders Fund to its corporate board. This move stems from Gecko’s progressively strengthened relationship with the U.S. military, which has seen an increased deployment of its innovative technology.

Gecko’s partnership with the U.S. Navy resulted in an accelerated manufacturing process for the $132 billion Columbia-class Submarine program. The company claims its flagship technology will assist the Navy in modernizing their manufacturing and construction processes. Additionally, Gecko secured a contract with the U.S. Air Force to modernize strategic nuclear missile silos and has ongoing projects with the Navy to expedite maintenance cycles for the surface fleet.

Gecko’s CEO, Jake Loosararian, has expressed the company’s enthusiasm to work closely with the U.S. military, stating that the investment will significantly bolster work that ensures the critical assets our military relies on to protect our national security are ready and effective.

Gecko’s recent initiatives also include Cantilever, an AI-powered software platform designed to automate the industrial asset inspection processes. The platform, currently used by the Navy and other customers, has experienced a significant increase in demand since its launch. Thomas Tull, chairman of USIT, has added that Gecko’s innovative robots and AI-powered software stand at the forefront of ensuring military readiness and improving critical systems necessary for maintaining national safety.

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