Petra is the first robotics company focused on undergrounding utilities. Our undergrounding robot is the first practical and affordable solution able to bore utility tunnels through high grade hard rock, in areas that are the most disaster-prone. Our mission is to make the world a safer place by making utility undergrounding ubiquitous and affordable to all communities.
Location: United States, California, San Francisco
Employees: 11-50
Total raised: $30M
Investors 7
| Date | Name | Website |
| - | Unreasonab... | unreasonab... |
| 30.05.2025 | DesignX | designx.mi... |
| 11.12.2022 | DCVC | dcvc.com/ |
| 18.05.2023 | Congruent ... | congruentv... |
| 23.06.2022 | Capella Pa... | capella.vc |
| - | Real Ventu... | realventur... |
| - | ACME Capit... | acme.vc |
Funding Rounds 1
| Date | Series | Amount | Investors |
| 09.12.2021 | Series A | $30M | - |
Mentions in press and media 8
| Date | Title | Description |
| 27.01.2022 | 180 Degree Capital Corp. Provides Updates on Potential $6.8 Million Petra Milestone Payment and Other Business Developments | MONTCLAIR, N.J., Jan. 27, 2022 (GLOBE NEWSWIRE) -- With a view towards providing additional transparency with respect to developments relating to its legacy private portfolio, 180 Degree Capital Corp. (NASDAQ:TURN) (“180”) today provided an... |
| 10.12.2021 | SEC Chair Gary Gensler finally laid out what he has against SPACs | This is the web version of Term Sheet, a daily newsletter on the biggest deals and dealmakers. Sign up to get it delivered free to your inbox. I know, I know. We were just talking about SPACs earlier this week. But this is big. Gary Gensler... |
| 10.12.2021 | SEC Chair Gary Gensler finally laid out what he has against SPACs | This is the web version of Term Sheet, a daily newsletter on the biggest deals and dealmakers. Sign up to get it delivered free to your inbox. I know, I know. We were just talking about SPACs earlier this week. But this is big. Paid Content... |
| 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 ACME Capital, Congruent Ventures, 8VC, Real Ventures, Elementum Ventures and Mac Venture Capital. Petra is the creator of a hard rock-boring... |
| 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 with $30M in Series A funding. The round was led by DCVC. Led by CEO Kim Abrams, and CTO Ian Wright, Petra has invented a new hard rock boring... |
| 09.12.2021 | Petra emerges from stealth with $30M raised for tunnel-boring robot, Swifty | Petra emerged from stealth this week, announcing a $30 million Series A. The round, led by DCVC, brings the robotics company’s funding up to $33 million, with additional participation from ACME Capital Congruent Ventures, 8VC, Real Ventures... |
| 08.06.2020 | Nashville-Based Petra Capital Partners Closes $208 Million For Growth Fund IV | Nashville, Tennessee-based Petra Capital Partners announced it completed fundraising on Petra Growth Fund IV (“PGF IV”) with $208 million of capital Nashville, Tennessee-based Petra Capital Partners announced it completed fundraising on Pet... |
| 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 healthcare, business |