Petra

Robotic solutions for underground utility installation

San Francisco, California, United States

About Petra

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 differentiates itself with a leadership team that has extensive experience from organizations like NASA and Tesla, and a strong academic background. The goal of Petra is to enhance the resilience and reliability of critical infrastructure through advanced robotic technology.

San Francisco, CaliforniaHeadquarters
2013Year Founded
$32.1MTotal Funding
SERIES_ACompany Stage
Robotics & Automation, Industrial & ManufacturingIndustries
51-200Employees

Risks

Integration of Zilper may face technical challenges and increase costs.
$30M funding may not cover extensive R&D and operational costs.
Reliance on strategic partnerships could pose risks if expectations aren't met.

Differentiation

Petra's technology can bore through both hard rock and soft ground geologies.
The company focuses on protecting infrastructure in disaster-prone areas.
Petra's leadership has experience from NASA, Tesla, and other top organizations.

Upsides

Acquisition of Zilper enhances Petra's trenchless technology capabilities.
$30M Series A funding supports technology development and market expansion.
Increased demand for underground utilities due to climate change benefits Petra.

Funding

Total raised$32.10 M
Latest valuation$150.00 M
StageSERIES_A