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Armenian Startup Ecosystem News Channel
by Ruben Osipyan @rubenosipyan
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Gecko Robotics, lead by the Co-Founder & CEO Jack Loosararian announced raising $100 Million to Extend its Series C Funding Enabling Major Growth in its Defense Business.

Since the initial Series C announcement, Gecko has experienced a major increase in demand from both the U.S. military and its allies.

Gecko signed a contract with the U.S. Air Force to help with the modernization of strategic nuclear missile silos, and has continued to expand its work with the U.S. Navy to help increase the speed of maintenance cycles for the surface fleet.

Congrats to Gecko Robotics team πŸ”₯

https://xn--r1a.website/threenstartups

#geckorobotics #investment #seriesc #successstory
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πŸ¦„ Welcome a New Unicorn: Gecko Robotics!

Gecko Robotics announced that it raised $125M in a Series D round, pushing its valuation to $1.25B!

Founded by Armenian-American Jake Loosararian from a college dorm room 12 years ago, Gecko Robotics turned into a billion dollar company, with AI and robotics transforming the built world. The company has raised $347M to date from investors including Cox Enterprises (lead), USIT, XN, Founders Fund, and Y Combinator.

The Series D funding round was led by new investors, Cox Enterprises, with continuing investors USIT, XN, Founders Fund and YCombinator.

Congratulations to the entire Armenian startup ecosystem as another startup founded by an Armenian founder joined the Unicorn League!

Sources: CNBC, Gecko Robotics
Photo Credit: Gecko Robotics' LinkedIn post.

#GeckoRobotics #Unicorn #JackLoosararian #SuccessStory #ArmenianEcosystem

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