Photo credit: BeeX
BeeX, a Singapore-based maker of autonomous underwater robots, has raised US$2 million in a round co-led by Earth Venture Capital and ShipsFocus Ventures.
The startup will use the funds to speed up its go-to-market efforts for autonomous offshore wind farm inspections in Europe.
Funding details
- Funding amount: US$2,000,000
- Lead investors: Earth Venture Capital, ShipFocus Ventures
- Other investors: SeedS Capital (investment arm of Enterprise Singapore), NUS Technology Holdings, Infinita VC
- Stage: Bridge
- Source
BeeX was established in 2018 by Grace Chia and Goh Eng Wei, researchers at the National University of Singapore. The startup offers autonomous underwater robotics solutions that can be used for tasks such as infrastructure maintenance and compliance monitoring in the maritime, energy, and defense sectors.
The robotics company has a hovering autonomous underwater vehicle (HAUV) called A.Ikanbilis – a portmanteau of the words “autonomous” and “ikan bilis,” which is a type of fish.
The HAUV’s autopilot system relies on data from cameras and underwater acoustics that is processed in real time.
By the end of 2024, BeeX aims to launch a next-gen HAUV called Betta to address the heightened demands for offshore wind inspection services.
See also: Trash, cargo, security: a profitable robot firm’s many interests
More details
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