XOCEAN, a Dublin, Ireland-based provider of ocean data to the offshore energy and civil hydrography sectors, raised €115M in funding.
Backers included S2G Ventures, Climate Investment, Morgan Stanley’s 1GT fund, and CCI.
The company intends to use the funds to accelerate the growth of its platform servicing the offshore energy and civil hydrography sectors.
Led by CEO and Founder James Ives, XOCEAN provides ocean data to companies and government agencies. From mapping the seabed to environmental monitoring, it offers a safe, ultra-low impact and economic solution to delivering ocean data.
XOCEAN works with offshore-focused energy companies, including SSE Renewables, Ørsted, bp, and Shell, and has delivered data solutions to commercial and government clients in over 23 jurisdictions. To date, the company has collected and processed over 4.9 million gigabytes of data, and has supported over 48.6 GWs of offshore wind development. It is also supporting the asset integrity monitoring of existing energy infrastructure, CCUS project development, subsea electrical and data interconnections, and government agencies with their ocean data needs.
FinSMEs
09/01/2025