About Petra
Petra is a Real Estate & Construction company based in San Francisco (United States) founded in 2011 by Shivani Torres. Innovative trenchless technology for utility tunnel boring is provided. It operates on a Managed Services model in Real Estate & Construction and Industrial Goods & Manufacturing sectors. Petra has raised $30 million across 1 funding round from investors including Lemnos, DCVC and ACME Capital. Petra has completed 1 acquisition, including Zilper Trenchless. Petra offers products and services including Petra Platform AI-1 and Boring as a Service. Its focus areas include Construction, Infrastructure Construction and Utility Construction. Its legal entity is Petra, Inc. Its competitors include The Boring Company and EarthGrid; 2 of its 2 listed competitors have raised funding.
Company details
Trenchless technology for utility construction is developed by Petra, focusing on boring through challenging geologies like hard rock. Solutions include the Petra Platform AI-1, a multi-tool robot with swappable modules for various ground types. Services are offered globally for water, sewer, and pipeline projects. Cost efficiencies are achieved through vertically integrated RD, manufacturing, and construction services. The hardest underground utility projects are tackled with groundbreaking non-contact thermal drilling methods.
- Total Equity Funding$30M (USD)
in 1 rounds
- Latest Funding Round$30M (USD), Series A
Dec 2021
- InvestorsLemnos
& 8 more
- Investments & Acquisitions
Products & Services of Petra
Petra offers a comprehensive portfolio of products and services, including Petra Platform AI-1 and Boring as a Service.
A trenchless multi-tool robot for boring utility tunnels.
Trenchless boring service for utility construction projects.
Funding Insights of Petra
Petra has successfully raised a total of $30M through 1 strategic funding round. The most recent funding activity was a Series A round of $30 million completed in December 2021. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding $30M
- Total Rounds 1
- Last Round Series A — $30M
- First Round $30M
(Dec 2021)
- Investors Count 9
All 1 funding rounds of Petra with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Dec 2021 | $30M | Series A | – | DCVC |
9 investors in total: 9 institutional.
Investors in Petra
Petra has secured backing from 9 investors, including venture fund investors. Prominent investors backing the company include Lemnos, DCVC and ACME Capital.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Venture capital firm focused on multiple sectors | dcvc.com | Palo Alto, United States | ||
Early-stage investments are directed toward disruptive technologies and innovations. | acme.vc | San Francisco, United States | ||
Climate tech investing and support for early-stage entrepreneurs in North America. | congruentvc.com | |||
Venture capital firm investing in technology, life sciences, and related sectors. | 8vc.com | |||
Early-stage venture capital is provided to Canadian technology startups by Real Ventures. | realventures.com | Montreal, Canada | ||
A seed-stage venture capital firm | macventurecapital.com | Los Angeles, United States | ||
USA focused VC firm investing in seed and early-stage startups | elementum.vc | Menlo Park, United States | ||
Venture capital firm backed by Tekfen Holding | tekfenventures.com | New York, United States | ||
Pre-seed to early-stage US companies are invested in by Lemnos. | 2011 | lemnos.vc | San Francisco, United States |
Investor details for Petra
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
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People of Petra
2 people are tracked at Petra (1 in leadership, 1 in board & advisors).
| Name | Role | Group |
|---|---|---|
Shivani Torres | Co-Founder | Leadership |
Vita Bruno | CFO Advisor | Board & advisors |
Complete people profiles for Petra
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
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Investments & Acquisitions by Petra
Petra has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Zilper Trenchless.
| Company Name | Description | Domain | Location | Founded | Acquired | Amount |
|---|---|---|---|---|---|---|
Trenchless piping projects are developed for infrastructure applications. | zilpertrenchless.com | Boston, United States | 2018 | Sep 2022 | •••• |
Complete acquisition details for Petra
Acquired stakes, deal sources and the complete acquisition history require an active premium plan.
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Timeline of Petra
3 dated milestones of Petra across 11 years, from founding to its latest funding, stage changes and deals.
- Founded Petra is founded.
- Funding First funding round of $30.0M.
- Acquisition Acquires Zilper Trenchless.
Competitors of Petra
Petra has 2 listed competitors in our database, 2 of them funded. They include The Boring Company and EarthGrid.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| boringcompany.com | 2016 | Bastrop, United States | $4.11B | 22 | Underground transit networks are constructed to ease traffic congestion. | |
| earthgrid.io | 2016 | Richmond, United States | $30M | 8 | Provider of underground tunnel construction solutions using robots |
Detailed competitors of Petra
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Web traffic of Petra
The website of Petra (petra.cc) receives about 4.6K visits a month.
- Monthly visits4.6K
▼ 25.8% vs previous month
Top companies in Construction & Building Tech
3 companies that operate in the same segment as Petra (Construction & Building Tech) in United States, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
SaaS project management software is provided for construction professionals. | 2003 | Carpinteria, California, United States | USD 406.15 M | USD 1.32 B | 4,927 | |
Business management software is offered for home service providers. | 2007 | Glendale, California, United States | USD 1.1 B | USD 960.97 M | 3,049 | |
Cloud-based positioning solutions are offered for industrial sectors. | 1978 | Sunnyvale, California, United States | USD 3.59 B | 12,100 |
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Related news about Petra
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Frequently Asked Questions about Petra
Petra was founded in 2011 and raised its 1st funding round 10 years after it was founded.
Petra is headquartered in San Francisco, United States. It is registered at San Francisco, California, United States.
Petra is a funded company, having raised a total of $30M across 1 funding round to date. The company's 1st funding round was a Series A of $30M, raised on Dec 2021.
Trenchless technology for utility construction is developed by Petra, focusing on boring through challenging geologies like hard rock. Solutions include the Petra Platform AI-1, a multi-tool robot with swappable modules for various ground types. Services are offered globally for water, sewer, and pipeline projects. Cost efficiencies are achieved through vertically integrated RD, manufacturing, and construction services. The hardest underground utility projects are tackled with groundbreaking non-contact thermal drilling methods.
Petra's top competitors include The Boring Company and EarthGrid.
Petra offers Petra Platform AI-1 and Boring as a Service.
Petra has made 1 acquisition, including Zilper Trenchless.
Petra has 9 investors. Key investors include Lemnos, DCVC, ACME Capital, Congruent Ventures, and 8VC.
Petra operates through Petra, Inc..