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.
Draganfly Inc. (NASDAQ: DPRO; CSE: DPRO; FSE: 3U8A), a renowned drone solutions and systems developer, is set to host a shareholder update call on August 13th, 2024, at 5:30 pm EST. The company's CEO, Cameron Chell, will lead the call, discussing key milestones, while CFO Paul Sun will delve...
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...
Greaves Cotton Limited, a prominent diversified engineering company in India, has announced its robust performance for Q1 FY25. The company reported a 12% year-on-year revenue growth, reaching INR 445 crore on a standalone basis. Additionally, the quarterly EBITDA stood at INR 50 crore,...
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...