EyeROV, a Kochi, Kerala, India-based marine robotics deep-tech startup providing products and solutions in the field of underwater domain, raised INR 10 Crore in Pre-Series A funding.
The round was led by Unicorn India Ventures.
The company intends to use the funds to expand across international markets and develop advanced marine robotic products.
Founded in 2016 by IIT Alumnus Johns T Mathai and Kannappa Palaniappan P, EyeROV is a deep-tech company specialising in marine robotics and AI that aims to improve industries such as energy, maritime, defence, and infrastructure through technologies via commercial underwater drones/ROVs and unmanned surface vehicles (USVs) to clients across both India and the MENA region. The company also possesses capabilities for inspecting very long tunnels and pipelines and has advanced integration capabilities for specialised payloads.
In FY 2024, EyeROV secured multiple contracts domestically and internationally, expanding its reach through partnerships in India and the GCC region. The company serves clients such as Tata, Adani, BPCL, DRDO, and the Indian Coast Guard, having completed over 100 underwater inspections.
EyeROV plans to triple its revenue by the end of the financial year by boosting sales in both domestic and international markets.
FinSMEs
13/08/2024