Autonomous Tech Company Sea Machines Completes $20 Million Series B Fundraising Round

Autonomous Tech Company Sea Machines Completes $20 Million Series B Fundraising Round

Autonomous Tech Company Sea Machines Completes $20 Million Series B Fundraising Round

Mike Schuler

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October 30, 2020

The UNITED STATECoast Guard Research Vessel Photo politeness Sea Machines using Metal Shark

Boston- based Sea Machines Robotics on Friday introduced it has actually struck its collection B financial investment objective of $20 million after shutting on an additional $5 million from personal financiers.

The firm claimed the most recent close consists of follow-on financial investments to the $15 million it formerly elevated in its B round from the Brunswick Corporation and also their financial investment companion Tech Nexus, Toyota AI Ventures and also NextGenVenture Partners Sea Machines likewise invites a brand-new capitalist, Dolby Family Ventures of San Francisco.

The firm’s initial close of $15 million, introduced in July, consisted of “significant participation” from Huntington Ingalls Industries (HII), America’s leading army shipbuilder.

“We set the goals for this round in March and with this now accomplished we find ourselves in a great position to focus on execution and scaling by growing our team, expanding our product sales and furthering our advanced technology,” claimed Chief Executive Officer Michael G. Johnson,Sea Machines “Market adoption of our autonomous and remote command products is well underway and over the next year we will be delivering new cutting-edge technical features, including computer vision for domain sensing and advancements in decision support.”

Headquartered in Boston’s technology center, Sea Machines was developed in 2015 and also has actually expanded to end up being a leader in the advancement of self-governing systems in the maritime market. The firm in 2018 finished its Series A financial investment round having actually elevated $10 million, bringing its complete financial investment at the time to $12.5 million. The firm has actually because developed advancement collaborations extending the personal and also public fields.

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