OceanWell, a Menlo Park, CA-based water technology company, raised $11M in Series A Funding.
Backers included Kubota Corporation, the family office of Jon Hemingway of Carrix Ports, and Charles McGarraugh.
The company intends to use the funds to scale its modular deep-sea water farm solution and launch California’s water farm pilot with Las Virgenes Municipal Water District (LVMWD).
Led by CEO and Founder Robert Bergstrom, OceanWell is developing modular deep-sea water farms made up of pods that harness natural hydrostatic pressure at depths of 400 meters for reverse osmosis desalination. Each pod can produce up to one million gallons of fresh water daily, and the modular design allows for scalable projects based on demand. This technology ensures clean water by filtering out salts, bacteria, viruses, pesticides, and PFAS, while its components are engineered for durability in harsh deep-sea environments.
OceanWell’s technology reduces energy consumption by up to 40 percent, while protecting marine life and eliminating toxic brine disposal.
FinSMEs
21/11/2024