The Technology team advised Gecko Robotics in its Series D fundraising round, with a valuation of $1.25 Billion. The round was led by new investors Cox Enterprises, and continuing investors USIT, XN, Founders Fund, and YCombinator. The additional funding will accelerate Gecko's growth and its focus on building and modernizing critical sectors including defense, energy, and manufacturing, which are becoming investment priorities for governments and companies around the world.
Gecko helps the world’s most important organizations - ranging from the U.S. military to Fortune 100 companies - build, operate, and modernize their critical infrastructure. Across industries, Gecko is drastically reducing shutdowns and asset downtime and saving organizations billions of dollars. Gecko uses a variety of robots that can climb, fly, and swim to collect an unprecedented amount of data on built structures, such as US Navy warships, power plants, and public infrastructure. Their Operating Platform, Cantilever, provides a decision-making structure that can predict pipeline explosions, modernize a C-130 aircraft, or use AI to recommend how to operate a power plant at 3-5% greater efficiency.
The Goodwin team was led by Craig Schmitz, Katie Maxwell Siatti, Jason Goldfarb, Diana Cao, Julia Novick, Jake Osborn, Ginggi Storer, Lauren Avery, Ora Grinberg, Erika Pey, Simone Waterbury, Arom Yun, Maggie Wong, Allison Goldsher, Scott Zilora, William Rixmann, Andrea Morales, Jennifer Kelefant and Nicola Guerrieri.
For more information on the deal, please read the press release.