Gecko Robotics has raised $100 million for its robots that assess the safety and condition of infrastructure for industries including defense, oil and manufacturing, according to a statement reviewed by Bloomberg News. The Pittsburgh-based company, whose customers include the US Navy last year’s Series Cand Air Force, received new investment as an extension to last year’s Series C round, giving the company a post-money valuation of $633 million. US Innovative Technology Fund and Founders Fund will be taking board seats. One of the seats is going to Trae Stephens from Founders Fund, who is a co-founder of defense technology business Anduril Industries. Stephens, a partner at the firm, said that its investment in Gecko was initially made because “the industrial maintenance space was been neglected for a really long time.” He said Gecko has been solving “important strategic problems that exist across the national security ecosystem.” Gecko touts its innovative products, which are at the intersection of two growing startup categories: artificial intelligence and defense technology. It uses AI-powered software and robotics to help its clients maintain critical assets for the military. Gecko has signed a contract with the Air Force to help it modernize its nuclear technology and it continues to help the Navy maintain its fleet. “It’s really sucky that taxpayers are paying for faulty equipment,” Chief Executive Officer Jake Loosararian said in an interview. “We have to pay to rebuild and re-manufacture things that should have been caught way earlier in the process.”
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