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Real Estate and Construction Tech Series A Founded 2011

Petra

Petra provides boring robots for electrical grids, offering underground tunneling robotic solutions for penetrating hard rocks to lay down electrical grids. The robots work in unconventional regions including wildfire-prone mountainous areas, islands, and stormy coastlines where conventional drilling is inaccessible. Founded in 2011 in San Francisco, United States, the company has raised $33.0M in Series A funding…

📍 San Francisco, United States · Construction Tech,

Funding snapshot

Last roundSeries A
Amount$30M
Date10 December 2021
Total raised$33M
Team size65

About

Petra provides boring robots for electrical grids, offering underground tunneling robotic solutions for penetrating hard rocks to lay down electrical grids. The robots work in unconventional regions including wildfire-prone mountainous areas, islands, and stormy coastlines where conventional drilling is inaccessible. Founded in 2011 in San Francisco, United States, the company has raised $33.0M in Series A funding from investors including DCVC, Congruent Ventures, and 8VC. Service provider of boring robots for electrical grids. It is an underground tunneling robotic company that provides solutions for penetrating hard rocks beneath the surface for laying down electrical grids. These robots work under treacherous conditions. It provides services in unconventional regions such as wildfire-prone mountainous, islands, and stormy coastlines where conventional drilling methods are inaccessible.

Business model

Professional Service Robots > Robots as a Service > Energy > Electric Grid > Underground Cables,

Construction Tech > Building Technology > Robotics > On Site Construction > Tunnel Construction > Tech Enabled Service

Team background

College Wise > Stanford University

Institutional investors

DCVC ACME Congruent Ventures 8VC Real Ventures MaC Venture Capital Elementum Ventures Tekfen Ventures Lemnos Alumni Ventures

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