Liquid Robotics, a Sunnyvale, California-based developer of a self-powered hybrid sea-surface/underwater robotic vehicle, and a provider of cloud-based data services, has closed a Series D $22m financing.
The round was led by VantagePoint Capital Partners, with participation from oilfield services provider Schlumberger.
The company, which also announced the appointment of former President and COO at Sun Microsystems Federal Bill Vass as CEO, intends to use the capital to further develop and market its technology.
Liquid Robotics has created the Wave Glider, a wave-powered marine robotic vehicle with a platform for ocean observation, data collection, intelligence, surveillance and reconnaissance.
It is used for scientific research by the National Ocean and Atmospheric Administration and several premier oceanographic facilities such as the Woods Hole Oceanographic Institution, the Monterey Bay Aquarium Research Institute, Scripps Institution of Oceanography and the University of Hawaii.
In addition, the company also offers a Data-as-a-Service cloud, which provides direct, real-time access to ocean information.
In conjunction with the funding, Alan Salzman, CEO and Managing Partner at VantagePoint Capital, will join Liquid’s board.
Liquid Robotics’ marine operations are based on the Big Island of Hawaii.
FinSMEs
07/06/2011