Nauticus Robotics Secured Second Tranche

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  • Nauticus Robotics has secured over $12 million, part of a second tranche of investment.
  • This move streamlined the financial structure of the company.
  • Nauticus boasts a platform-independent software architecture.

Nauticus Robotics, a U.S.-based developer of subsea autonomous robotic systems and software, has secured over $12 million in funding, part of a second tranche of investment, to execute its 2024 goals, particularly focusing on augmented autonomy for subsea robots, reports Offshore Energy.

Previous Financing and Development

The first tranche of financing, obtained before the close of 2023, eliminated many dilutive warrants and ratchet provisions from the original de-SPAC financing. This move streamlined the financial structure of the company, allowing for smoother operations.

Focus on Aquanaut Robot

The new investment is expected to expedite the certification of Nauticus’ flagship robot, the Aquanaut. This robot aims to transition tethered Remotely Operated Vehicle (ROV) operations into fully autonomous operations. The Aquanaut is poised to undertake various tasks in water depths ranging from 200 to 2000+ meters.

Deployment Strategy

Nauticus plans to deploy a strategy of ‘tethered/augmented autonomy’ to facilitate the fastest path to full autonomy. This approach allows for customer and operator intervention while collecting operational data crucial for training fully autonomous solutions in the future.

Software Architecture and Multi-platform Compatibility

Nauticus boasts a platform-independent software architecture that is utilized across various subsurface vehicles. Already deployed on competitor vehicles for defense-related work, this architecture positions Nauticus as a multi-platform operating system for a wide range of vehicles in use.

Leadership Changes and Strategic Partnerships

The company recently underwent leadership changes, appointing a new CEO, CFO, and lead General Counsel. Additionally, it has engaged Piper Sandler & Co. to evaluate strategic options for maximizing shareholder value and is pursuing the acquisition of 3D At Depth.

Industry Revolution and Job Impact

Nauticus aims to revolutionize the industry by standardizing the performance of ROV operators through its technology. By reducing skill-level disparities among operators, the company ensures substantial safeguards for companies utilizing its technology. Moreover, the deployment of subsea robots aims to enhance job efficiency and reliability without replacing human jobs.

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Source: offshore energy

 

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