Saildrone plans to use the funds to advance its ocean intelligence products. Here are the top-line bullets you need to know.
Saildrone, an autonomous sailing robo-boats provider, has raised $100M in Series C funding. The round drew participation from Bond, Capricorn Investment Group, and Crowley Maritime Corporation, among others.
How’s the company performing?
- California-backed Saildrone’s fleet of autonomous sailboats collect data for climate, ocean mapping, and maritime security applications.
- The company claims that its uncrewed surface vehicles (USVs) have sailed over 500K nautical miles and have clocked more than 15K days at sea.
Why does the market matter?
- The global unmanned surface vehicle market is projected to grow at a CAGR of 10.52% and reach a value of $1.3B by 2028, according to Data Bridge Market Research.
- Increasing demand for USVs in maritime surveillance, rising R&D activities in oceanology, and the growing need to monitor water contamination levels have contributed to industry growth.