Xocean, an Irish company specializing in marine robotics, has secured €115 million ($119 million) in funding to advance its technology and expand its services into new industries. The startup, established in 2017, is known for delivering ocean data to sectors like energy and hydrography through the use of uncrewed surface vessels (USVs). These remotely-operated vessels are capable of staying at sea for extended periods, enabling efficient and continuous data collection.

Expanding Beyond Core Markets

The funding will help Xocean grow beyond its existing focus areas and venture into additional markets that require high-quality, real-time ocean data. By leveraging its fleet of USVs, the company aims to support a wider range of industries, including environmental monitoring, offshore infrastructure management, and other applications where accurate marine data is critical.

Innovative Technology for Ocean Monitoring

Xocean's USVs are autonomous surface vessels that use advanced technology for data collection across vast areas of ocean. Operated remotely from onshore control centers, the vessels provide an efficient and environmentally friendly alternative to traditional crewed ships. This approach significantly reduces operational costs and lowers carbon emissions, aligning well with global sustainability goals.

A Growing Fleet

With this latest funding round, Xocean plans to increase the size of its fleet and enhance its technological capabilities. The company is focused on scaling operations to meet the growing demand for ocean data, which is a key resource for industries addressing climate change, renewable energy production, and marine biodiversity conservation.

Securing the Future of Ocean Data Collection

The investment represents a significant milestone for Xocean and highlights the increasing importance of ocean monitoring as a tool for addressing environmental and industrial challenges. By continuing to innovate and expand, the company is poised to play a key role in shaping the future of marine research and sustainable ocean management.