Petra
Latest round
- Series A
Last raised
- Dec 2021
Total raised
- $30M
Investors
- 7
About Petra
Petra, Inc.Founded in 2018 in San Francisco, US, Petra, Inc. operates within the trenchless construction sector, providing innovative solutions for utility tunneling.Petra Utility specializes in trenchless utility construction through its flagship product, the Petra Platform AI-1 TM, a multi-tool robot designed to bore utility tunnels in various geological conditions. This innovative technology allows for the excavation of challenging terrains such as hard rock, cobblestones, boulders, water-logged soils, loose sand, and dense clays, making it versatile across different project needs. Contractors can interchange boring modules quickly—within 15 minutes—enabling efficient adaptation to the specific geology at the job site. Petra’s services are geared toward water, sewer, and pipeline projects globally, catering to contractors and project owners who require reliable and cost-effective tunneling solutions.Revenue generation for Petra Utility occurs through direct transactions with contractors and project owners who utilize their trenchless technology solutions. The firm operates on a B2B model, primarily offering its services through project-based contracts where clients pay for the use of the Petra Platform AI-1 TM and its interchangeable modules based on the specifics of each job. Pricing structures encompass a fee for equipment usage combined with service charges for the deployment and operation of the robotic systems. The firm's unique technology allows for reduced operational costs, which is a significant selling point for customers in the utility construction market.Petra, Inc. Additionally, they aim to expand their operations into new markets, specifically targeting regions in Europe and parts of Asia by the end of 2023.
Who invested in Petra
7 investors across 1 round
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Funding rounds
Series A
Dec 9, 2021
Amount
$30M
Investors
Questions about Petra
Who invested in Petra?
Petra has 7 investors on record across 1 venture round. Sign up free to see every VC on the cap table and the rounds they joined.
How much funding has Petra raised?
Petra has raised 1 venture round. Sign up free to see how much each round raised and the total.
When did Petra last raise money?
Petra's most recent round on record is a Series A, in Dec 2021.
What does Petra do?
Petra is a hardware company.
Where is Petra headquartered?
Petra is headquartered in San Francisco, US.
Which VCs invest in companies like Petra?
Among active investors with capital left to deploy, Andreessen Horowitz, Founders Fund, Accel and Thrive Capital back hardware companies at Petra's stage. Their profiles are linked below.
VCs backing hardware startups at Series A
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