Gecko Robotics, known for its AI-powered software and advanced robotics for critical infrastructure, has secured an additional $100 million in its Series C funding, amassing a total of $173 million. This funding boost is set to significantly bolster the company’s presence within the defense sector.
In this funding extension, representatives from US Innovative Technology Fund (USIT) and Founders Fund join Gecko’s corporate board. Both USIT and Founders Fund hold esteemed positions within the defense technology sphere.
CEO Jake Loosararian expressed the strategic intent behind this investment, noting, “This infusion of investment is geared toward amplifying our efforts in ensuring the readiness of critical assets crucial for our national security.”
Gecko’s recent collaboration with the U.S. Navy to expedite the manufacturing process for the $132 billion Columbia-class Sub program has been a pivotal driver for this funding extension. It underscores Gecko’s commitment to supporting military endeavors and its pivotal role in national defense infrastructure.
Since the initial Series C announcement, Gecko Robotics has witnessed a surge in demand from the U.S. military and allied forces. Engagements with the U.S. Air Force to modernize strategic nuclear missile silos and ongoing collaborations with the U.S. Navy for expediting maintenance cycles for the surface fleet underscore the company’s growing prominence in defense technology.
The launch of Cantilever, Gecko’s AI-powered software platform utilized by the Navy and other clients to enhance decision-making speed, has been a pivotal milestone. This platform exemplifies the company’s dedication to innovation within defense infrastructure.
Thomas Tull, Chairman of USIT, stressed the significance of Gecko’s contributions in military readiness, stating, “Gecko is at the forefront, ushering in a new era of military preparedness with robotics and AI-powered software, improving systems vital for national safety.”
Trae Stephens, Partner at Founders Fund, highlighted the critical nature of Gecko’s focus on maintenance, affirming its pivotal role in ensuring military assets are ready for national security threats. The expertise brought by USIT’s Gaetano Crupi and Founders Fund’s Trae Stephens, who will fill the board seats, further solidifies Gecko’s strategic direction within the defense sector.
