About Petra
Petra is a company based in San Francisco (United States) founded in 2011 by Shivani Torres. It operates as a Managed Services. 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. Petra operates in a competitive market with competitors including The Boring Company and EarthGrid, among others.
- Headquarter San Francisco, United States
- Founders Shivani Torres
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Sectors
Real Estate & ConstructionIndustrial Goods & Manufacturing
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Email
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Phone
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Website
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Social
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- Legal Name Petra, Inc.
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$30 M (USD)
in 1 rounds
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Latest Funding Round
$30 M (USD), Series A
Dec 10, 2021
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Investors
Lemnos
& 8 more
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Employee Count
Employee Count
- Investments & Acquisitions
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Products & Services of Petra
Petra offers a comprehensive portfolio of products and services, including Petra Platform AI-1 and Boring as a Service. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
A trenchless multi-tool robot for boring utility tunnels.
Trenchless boring service for utility construction projects.
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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 Total Funding
- Total Rounds 1
- Last Round Series A — $30.0M
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First Round
First Round
(10 Dec 2021)
- Investors Count 9
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Dec, 2021 | Amount | Series A - Petra | Valuation | DCVC |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Venture capital firm focused on multiple sectors
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Founded Year | Domain | Location | |
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Early-stage investments are directed toward disruptive technologies and innovations.
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Founded Year | Domain | Location | |
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Climate tech investing and support for early-stage entrepreneurs in North America.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Petra
Petra has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Zilper Trenchless. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Trenchless piping projects are developed for infrastructure applications.
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2018 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Petra
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Petra Comparisons
Competitors of Petra
Petra operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as The Boring Company and EarthGrid, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Underground transit networks are constructed to ease traffic congestion.
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| domain | founded_year | HQ Location |
Provider of underground tunnel construction solutions using robots
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Petra
Frequently Asked Questions about Petra
When was Petra founded?
Petra was founded in 2011 and raised its 1st funding round 10 years after it was founded.
Where is Petra located?
Petra is headquartered in San Francisco, United States. It is registered at San Francisco, California, United States.
Is Petra a funded company?
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 10, 2021.
What does Petra do?
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.
Who are the top competitors of Petra?
Petra's top competitors include The Boring Company and EarthGrid.
What products or services does Petra offer?
Petra offers Petra Platform AI-1 and Boring as a Service.
How many acquisitions has Petra made?
Petra has made 1 acquisition, including Zilper Trenchless.
Who are Petra's investors?
Petra has 9 investors. Key investors include Lemnos, DCVC, ACME Capital, Congruent Ventures, and 8VC.