EyeROV, a marine robotics deep-tech startup, has successfully secured INR 10 Crore ($1.2 million) in a Pre-Series A funding round led by Unicorn India Ventures. This funding will play a crucial role in strengthening EyeROV's presence in international markets and advancing the development of innovative marine robotics products and solutions.
Founded in 2016 by IIT alumni Johns T Mathai and Kannappa Palaniappan P, EyeROV is at the forefront of revolutionizing industries like energy, maritime, defense, and infrastructure with its cutting-edge unmanned technologies. The company has introduced India's first commercial underwater drones/ROVs and an unmanned surface vehicle (USV) that caters to clients in India and the MENA region.
With a focus on inspecting long tunnels and pipelines, EyeROV also boasts advanced integration capabilities for specialized payloads, making it a key player in the marine robotics space. CEO of EyeROV, Johns T Mathai, expressed excitement about the funding, stating, 'With this investment, we can accelerate our sales, research and development, and operational expansion. Our proven solutions for underwater infrastructure inspections have garnered success in the Indian market and are now poised for global outreach.'
The company's clientele includes prestigious names like Tata, Adani, BPCL, DRDO, and the Indian Coast Guard, further solidifying EyeROV's position as a trusted provider of marine robotics solutions.
FPT Semiconductor, a subsidiary of FPT Corporation, is gearing up for collaboration with Korean enterprises to capitalize on the 'Semiconductor Wave' in Vietnam. At the Vietnam-Korea Semiconductor Cooperation Conference in Hanoi, Mr. Tran Dang Hoa, Chairman of FPT IS and FPT Semiconductor,...
The GEP Global Supply Chain Volatility Index for July indicated a decline in demand for raw materials and semi-manufactured goods, pointing towards a slowdown in economic growth. With underutilized capacity at global suppliers, the report highlighted the greatest slack in supply chains in...
Kazam, an EV charging platform, has successfully secured USD 8 million in funding to expand its technology, product offerings, and market presence. The funding round was led by Vertex Ventures Southeast Asia and India, with participation from Avaana Capital, Alteria Capital, and other...
CBD Life Sciences Inc. (OTC PINK:CBDL), along with its subsidiary The CBD Vault Inc., based in Scottsdale, Arizona, has expressed its support for the recent endorsement of cannabis legalization by the Harris-Walz presidential ticket. This unprecedented move by a major U.S. political ticket to...
Tesla's presence in Selangor, Malaysia, is set to grow as the state government welcomes the electric vehicle (EV) giant's plans for continued investment in research and development, as well as the opening of EV service centers. Menteri Besar Datuk Seri Amirudin Shari expressed enthusiasm for...