Categories: WaterTechUtilitiesTechnologyServicePropertyLifeInfrastructureDeepTechConstructionBuilding
Petra is a deep-tech developer of tunneling robots intended to efficiently and safely bore utility conduits through any geology. The company's technology will be faster and cost less than conventional tunneling methods, thereby enabling industries to make small-diameter utility infrastructure economically viable. By easily, quickly, and cost-effectively burying all utilities, Petra allows existing cities to move their utilities underground -- a current cost, safety, and technology prohibitive option -- removing the life and property risk in the Western U.S. as a result of urban wildfires caused by above-ground utilities.
Investors 6
Funding Rounds 1
Date | Series | Amount | Investors |
09.12.2021 | Series A | $30M | - |
Mentions in press and media 8
Date | Title | Description | Source |
27.01.2022 | 180 Degree Capital Corp. Provides Updates on Potential $6.8 ... | MONTCLAIR, N.J., Jan. 27, 2022 (GLOBE NEWSWIRE) -- With a view towards providing additional transpar... | marketscre... |
10.12.2021 | SEC Chair Gary Gensler finally laid out what he has against ... | This is the web version of Term Sheet, a daily newsletter on the biggest deals and dealmakers. Sign ... | fortune.co... |
10.12.2021 | SEC Chair Gary Gensler finally laid out what he has against ... | This is the web version of Term Sheet, a daily newsletter on the biggest deals and dealmakers. Sign ... | fortune.co... |
10.12.2021 | Petra raises $30M for tunneling technology | Robotics startup Petra has raised a $30 million Series A led by DCVC. The company is also backed by ... | pitchbook.... |
09.12.2021 | Petra Raises $30M in Series A Funding | Petra, a San Francisco, CA-based hard rock drilling robotics startup, is launching out of stealth wi... | finsmes.co... |
09.12.2021 | Petra emerges from stealth with $30M raised for tunnel-borin... | Petra emerged from stealth this week, announcing a $30 million Series A. The round, led by DCVC, bri... | techcrunch... |
08.06.2020 | Nashville-Based Petra Capital Partners Closes $208 Million F... | Nashville, Tennessee-based Petra Capital Partners announced it completed fundraising on Petra Growth... | pulse2.com... |
04.06.2020 | Petra Capital picks up $208m to close fourth growth fund | Petra Capital Partners has picked up $208m for the final close of its fourth growth fund targeting h... | altassets.... |
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