Today, Gecko Robotics, worth more than $600 million based on its latest funding round in December, makes wall-climbing robots that inspect infrastructure like dams, power plants, and manufacturing facilities. The robots find rust, corrosion, cracks, and other defects so maintenance crews can fix them before they cause irreparable damage and require entirely new structures to be built, which can be costly and bad for the environment.
Additionally, Gecko recently raised $100 million to expand its defense technology operations, following its work with the U.S. Navy and Air Force to inspect ships and flight decks. The company has more than 250 employees, 20 of whom come from Peter Thiel’s data mining and software company Palantir Technologies.
Loosararian, now CEO, thinks Gecko could help with the inspections of all structures. “There’s things we don’t think about every day, like rust and corrosion, but if someone’s not taking care of that, we all pay the consequence,” he told Fortune.
sources : Forbes, Armenian Pride , B.F.
photo : Gecko Robotics
