Saildrone Closes $ 100 Million Series C Funding Round to Advance Ocean Intelligence Products
Posted: October 18, 2021 at 6:00 a.m. EDT|Update: 3 hours ago
ALAMEDA, California., October 18, 2021 / PRNewswire / – Saildrone, the emerging market leader in ocean data, ocean mapping and maritime intelligence solutions, today announced the closing of its $ 100 million Series C, bringing its total funding to $ 190 million.
Saildrone USVs have proven their exceptional endurance and ability to collect rich, high-precision ocean data.
Led by BOND, the round includes new investors XN, Standard Investments, Emerson Collective and Crowley Maritime Corporation, as well as participation from previous investors, Capricorn’s Technology Impact Fund, Lux Capital, Social Capital and Tribe Capital. The new funding will be used to develop Saildrone’s data analysis teams and scale the go-to-market functions to meet the growing demand for ocean intelligence.
Saildrone’s products are based on data collected from a fleet of unmanned surface vehicles (USVs) that are powered primarily by renewable wind and solar energy. Saildrone USVs are the most reliable autonomous vehicles on the planet, sailing more than 500,000 nautical miles and totaling more than 15,000 days at sea in some of the most difficult conditions on the planet. From the ice edge in the High Arctic to the inhospitable Southern Ocean, Saildrone USVs have proven their exceptional endurance and ability to collect rich, high-precision data. Just last week, a Saildrone USV sailed into the heart of Hurricane Sam, a world first, taking science-based measurements and HD video that should transform our understanding of hurricane forecasting.
Saildrone not only collects scientific data for climate intelligence and high resolution bathymetric mapping of the ocean floor, it also uses proprietary machine learning to provide marine domain knowledge (MDA / ISR) for marine applications. law enforcement and internal security such as policing IUU fishing, combating drug operations and protecting marine sanctuaries.
“We are delighted to partner with Saildrone as they build the future of maritime intelligence, leveraging their unique technological differentiation and long history of mission to serve clients in various industries,” said Noah Knauf, general partner of BOND, who will join the company’s board of directors.
An American-owned and operated company founded in 2012, Saildrone’s mission is to explore, map and monitor the ocean in a sustainable way to understand, protect and preserve our world. Primarily powered by renewable energy, Saildrone USVs have a minimal carbon footprint and are equipped with advanced sensors and integrated ML / AI technology to deliver essential information on any ocean, any time of the year.
âWe are honored to have the BOND team and our new investors join our journey,â said Richard jenkins, founder and CEO of Saildrone. âThe combination of the most proven and tested stand-alone ocean technology with the partnership of some of the world’s most experienced venture capitalists solidifies our leadership in the industry and enables our rapid growth path to meet the needs of our customers. clients. “
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SOURCE Saildrone Inc.
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