Saildrone Closes $100 Million Series C Funding Round to Advance Ocean Intelligence Products  

by Kay Aloha Villamor in October 19th, 2021

Saildrone, a Calmeda, California-based emerging market leader in ocean data, ocean mapping, and maritime intelligence solutions, closed $100 million in Series C round, bringing its total funding to $190M.

The round was Led by BOND, with participation from new investors XN, Standard Investments, Emerson Collective, and Crowley Maritime Corporation, as well as participation from previous investors, Capricorn's Technology Impact Fund, Lux Capital, Social Capital, and Tribe Capital.

The new fund will be used to grow Saildrone's data insight teams and scale go-to-market functions to meet the rapidly growing demand for ocean domain intelligence. 

Company: Saildrone Inc.

Raised: $100.0M

Round: Series C

Funding Month: October 2021

Lead Investors: BOND

Additional Investors: XN, Standard Investments, Emerson Collective, Crowley Maritime Corporation, Capricorn's Technology Impact Fund, Lux Capital, Social Capital, and Tribe Capital

Company Website: https://www.saildrone.com/

Software Category: 

Ocean data, ocean mapping, and maritime intelligence solutions

About the Company: Saildrone designs, manufactures, and operates the world’s most capable, proven, and trusted USVs. Saildrones are wind and solar-powered autonomous surface vehicles which make cost-effective ocean data collection possible at scale. Saildrone USVs have a minimal carbon footprint and are equipped with advanced sensors and embedded ML/AI technology to deliver critical insights from any ocean at any time of year. Saildrone's patented wing technology was born from 10 years of R&D in pursuit of the land speed record. The company is headquartered in Alameda, CA, and backed by The Schmidt Family Foundation, Social Capital, Capricorn’s Technology Impact Fund, Lux Capital, Exor Seeds, and Horizons Ventures.

Source: https://www.prnewswire.com/news-releases/saildrone-closes-100-million-series-c-funding-round-to-advance-ocean-intelligence-products-301401839.html

 


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