Jake Loosararian founded Gecko Robotics after witnessing safety hazards during a visit to a Pennsylvania power plant as an engineering student. The facility faced frequent equipment failures, risking worker lives, especially highlighted by the death of an inspector shortly before his visit. This prompted Loosararian to innovate a robot that could inspect hazardous structures to prevent accidents.
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Gecko Robotics, which aims to enhance safety in critical industries, required a banking partner that understood the rapid growth of startups focused on high-stakes services. J.P. Morgan provided early support through venture debt, enabling Gecko to continue its development. As the company expanded, J.P. Morgan's involvement extended to treasury management, investment banking, and international banking, allowing Gecko to build a solid financial foundation.
Founded in 2013, Gecko creates advanced robots capable of inspecting buildings and infrastructures like power plants, refineries, and naval vessels. These robots operate in dangerous environments, gathering crucial data that feeds into Cantilever, Gecko's software platform. This technology allows operators to foresee issues and act proactively, improving maintenance and safety.
Gecko has successfully transitioned from servicing energy and industrial sectors to also supporting national defense, utilizing its technology to assist the U.S. military in maintaining critical equipment. This work aligns with J.P. Morgan’s $1.5 trillion initiative aimed at bolstering industries vital to national security.
Since partnering with J.P. Morgan in 2020, Gecko's relationship with the bank has evolved beyond initial venture debt to encompass various banking services. This integrated support has facilitated Gecko's global expansion.
Loosararian appreciates the consistent partnership with J.P. Morgan, noting their accessibility and commitment to facilitating Gecko’s success. He asserts that the advancements in AI and robotics will significantly change infrastructure management, with Gecko at the forefront of this evolution. He emphasized the importance of having a reliable banking team as the company navigates complex projects and prepares for future growth.