3 years ago

Vaarst Raises £15.2 Million for Marine Robotics Expansion

  • Bristol-based marine robotics company Vaarst has secured a £15.2 million Series B funding round led by Legal & General Capital and Equinor

  • The funding will be used to continue developing Vaarst's computer vision and data management technology, expand into Austin, Texas, Tokyo, Japan, and grow its presence in Europe

  • Vaarst's technology includes "level 4" autonomous submarines that capture and livestream 3D models of underwater assets, such as mooring chains or offshore windfarms

  • The company's products are used in offshore wind, wave and tidal, maritime security and civils industries

  • Previous investor Foresight Group made a further investment into Vaarst as part of the Series B round, alongside US intelligence and defence strategic investor In-Q-Tel Inc.

      • ProblemTechnology

      "Inspecting and maintaining underwater assets in the marine industry is expensive, time-consuming, and often dangerous."

      Solution

      "Vaarst builds autonomous submarines with computer vision that create 3D models of underwater assets, allowing for safer, faster, and more cost-effective inspection and maintenance."

      Covered on