Ocean Robotics Planet Articles

Articles for Tag or Tags: Funding

Number of matching Articles: 23

Anduril Raises $1.48 Billion in Series E Funding

02.12.2022
Defense technology company Anduril Industries today announced $1.48 billion in Series E funding, valuing the company at $8.48 billion, nearly doubling the company’s previous valuation in June 2021. The new funding will enable Anduril to accelerate research and development to bring new, cutting edge, autonomous defense capabilities to the market and continue to mature and scale its current business lines with the US Department of Defense as well as US allies and partners.

KKR Leads AUD 108 million Series B Funding Round in AI Leader Advanced Navigation

17.11.2022
Advanced Navigation, a developer of AI robotics and navigation technology, and KKR, a leading global investment firm, today announced the signing of definitive agreements under which KKR will lead a AUD 108 million (USD 68 million) Series B funding round in the Company. The funding round includes participation from new investors such as deep learning venture firm AI Capital and existing investors, including Main Sequence, the Hon. Malcolm Turnbull AC, In-Q-Tel, and Our Innovation Fund, bringing Advanced Navigation’s total amount raised to more than AUD 134 million (USD 85 million).

Jaia Robotics Secures Over $1M Funding for Micro-Sized Autonomous Marine Vehicles

29.06.2022
Jaia Robotics, Inc., an aquatic robotics company specializing in the development of micro-sized, high-speed, autonomous underwater vehicles (AUVs) announced today that it has raised over $1 million in seed funding.

World’s First Hydrogen-Producing Offshore Wind Turbine Gets £9.3million Funding Boost

20.05.2022
Vattenfall has been awarded £9.3m in innovation funding from the ‘Net Zero Innovation Portfolio Low Carbon Hydrogen Supply 2’ fund by the UK’s Department for Business, Energy and Industrial Strategy. The funding will be used to develop the world’s first hydrogen-producing offshore wind turbine, with the electrolyser sited directly onto an existing operational turbine.

Schmidt Marine Launches New $3.5 Million Global Fisheries Tech Initiative

29.03.2022
Schmidt Marine Technology Partners will offer up to $3.5 million in funding annually to entrepreneurs and others developing new technologies that increase the sustainability of fisheries around the world. The effort is also being funded by two anonymous philanthropic groups.

Subsea 7 and FLASC Secure Funding for Offshore Energy Storage Technology

25.02.2022
Subsea 7 and technology partner FLASC B.V., are pleased to be awarded a grant from the UK government Department for Business, Energy and Industrial Strategy (BEIS) for £471,760, to further develop an innovative offshore energy storage system. Funding has been awarded as part of the Longer Duration Energy Storage (LODES) Competition. The competition recognises the transition to increasing wind generated renewable energy, which presents growing opportunities for storage systems that support a secure, flexible and reliable electrical power supply.

Subsea Europe Services Wins Six-Figure Funding to Accelerate Autonomous Survey Development

24.02.2022
A new round of funding has strengthened hydroacoustic technology specialist Subsea Europe Service GmbH’s commitment to taking autonomous technologies to the next level for marine survey applications. The investment boosts the company’s unique approach which focuses on the integration of new generation smart, A.I. and machine learning enabled hydroacoustic systems with diverse survey platforms including Autonomous Underwater Vehicles, Unmanned Surface Vessels, and crewed vessels as survey motherships.

DOE Announces $25 Million for Cutting-Edge Wave Energy Research

26.01.2022
The U.S. Department of Energy (DOE) today announced $25 million in funding to support increased research, development, and demonstration of technologies that harness wave power to create electricity. The funding supports eight projects that will make up the first round of open-water testing at the PacWave South test site off the Oregon coast. These awards will strengthen wave energy technologies to accelerate their commercial viability and deploy them at scale to help decarbonize the grid and reach President Biden’s goal of net-zero carbon emissions by 2050.

Innovo Secures Energy Technology Partnership Funding with Strathclyde University to Support Drone Vessel Development

15.11.2021
Aberdeen-based Innovo Engineering and Construction has secured £10,000 funding from the Energy Technology Partnership (ETP) in conjunction with Strathclyde University. The funding will support a research and development (R&D) project for Innovo’s innovative autonomous eco-robotic wind, solar and hydrogen fuel cell powered surface vessel – Oceandrone.

Research to start on end-of-life oil fields after the UK’s National Oceanography Centre secures funding

04.07.2021
The National Oceanography Centre (NOC) has secured funding from the UK Natural Environment Research Council (NERC), which will take robot submarine ‘Boaty McBoatface’ around end-of-life oil and gas fields. The Autonomous Techniques for infraStructure Ecological Assessment (AT-SEA) project, led by the NOC will trial the concept of using submarines like Boaty for high-tech, low-impact monitoring to pick up any potential environmental impacts at these sites.


Ashtead Technology awarded funding through Canada’s Ocean Supercluster for Unmanned Digital Twinning Project

13.05.2021
Welaptega, an Ashtead Technology company, has launched a $500,000 (USD) initiative to develop a product to enable digital twinning of underwater infrastructure without the need for offshore personnel.

Japan and Scotland invest £21million into research and development for the Blue Economy

15.10.2019
A joint initiative between Japan and Scotland, formed two years ago, will see almost £21million invested into underwater technology projects to promote economic growth opportunities in the Blue Economy.

SEAMOR Marine Ltd. selected to receive major funding from Government of Canada's Women Entrepreneurship Strategy

19.05.2019
Nanaimo-based SEAMOR Marine Ltd. is receiving an investment of up to $100,000 from the Women Entrepreneurship Fund offered by the Government of Canada. Among only three companies on Vancouver Island, SEAMOR Marine joins approximately 200 other women-led businesses across Canada to receive this funding.

Rovco live 3D visualisation project awarded second phase of funding

10.12.2018
Leading ROV and hydrographic survey company, Rovco, has been awarded further funding to develop the next stage of its integrated live 3D vision and artificial intelligence (AI) survey technology. This brings the combined total in technology grants for the UK subsea services company to £1.46 million.

£56m funding boost helps ROVOP bolster ROV fleet by 50% and supports future business growth

20.12.2017
ROVOP Limited, (“Rovop”) an independent operator of underwater remotely operated vehicles (ROVs), is to immediately increase its fleet by 50% to meet ongoing customer demand following a funding boost of £56m.

Subsea UK and Scottish Enterprise launch £15million R&D funding call for underwater innovation

04.12.2017
-Industry body urges organisations to step forward with game changing technologies- Industry body Subsea UK in partnership with Scottish Enterprise has today announced that it has opened an R&D funding call for innovation projects to drive forward research and development projects between Scotland and Japan that will help solve the industry’s most complex technological challenges.

Subsea companies to cash in from NSRI funding event

05.10.2017
Fledging subsea firms will discover how they can overcome common financial challenges through industry supported and government-backed initiatives at an event in Aberdeen on 26th October. The workshop will explore the wide range of tools and resources available to SMEs, technology developers and innovative companies, providing market expertise, funding, skills and organisational support.

Major applied geoscience research funding boost for Institute of Petroleum Engineering

16.05.2017
A major funding package for the Institute of Petroleum Engineering (IPE) at Heriot-Watt University will directly support research and training for the future of the industry in UK offshore waters. Heriot-Watt’s Chief Scientist, Professor John Underhill, has secured funding of £416k from Verus Petroleum, an independent oil company active on the United Kingdom continental Shelf (UKCS). The award will support a number of oil and gas related training and Applied Geoscience research activities in IPE including the NERC Centre for Doctoral Training (CDT), the Ogilvie-Gordon 3D Audio-Visualisation Centre (OGAVC) and UK Continental Shelf (UKCS) and Frontier Basins PhD research activities.
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