Boston-based startup Sea Machines Robotics that provides technological solutions for marine and maritime industry has closed a $12 million funding round. Two Polish venture capital funds Level2 Ventures and RKKVC are among the investors.
- Sea Machines Robotics is a developer of autonomous control and navigation systems, advanced sensing and identification technology designed for commercial boats and ships. Since it was founded in 2014, the company has managed to acquire clients such as Lockheed Martin, MAERSK, Oersted, the US Navy, US Special Forces, and DLR.
- The fresh round was led by Swiss funds Emerald Technology Ventures and Nabtesco Technology Ventures. The US Chevron Technology Ventures, IMC Group, together with Polish Level2 Ventures and RKKVC also participated.
“Sea Machines is a pioneer in the fast-growing market for autonomous shipping services. By investing in the company, we are betting that automatic control and collision avoidance systems will be key drivers of competitiveness in the maritime sector,” Adam Rudowski, General Partner of Level2 Ventures, comments on the deal.
- According to Crunchbase, Sea Machines Robotics has raised a total of $46.4 million. The fresh capital will be used to improve its technology, expand its customer base, and increase its market share.
