About Abyss Solutions
Abyss Solutions is a company based in Pyrmont (Australia) founded in 2014.. Abyss Solutions has raised $19.25 million across 4 funding rounds from investors including AirTree, Australian Retirement Trust and FollowTheSeed. Abyss Solutions offers products and services including Abyss Fabric, Lantern Eye, and Custom Solution. Abyss Solutions operates in a competitive market with competitors including Rovco, Ambarella, IntelliFusion, Formic and Clobotics, among others.
- Headquarter Pyrmont, Australia
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Sectors
Industrial Goods & ManufacturingTransportation, Automotive & Logistics Technology Energy & Utilities
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Email
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Phone
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Website
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Social
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- Legal Name Abyss Solutions Pty. Ltd.
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$19.25 M (USD)
in 4 rounds
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Latest Funding Round
$15 M (USD), Series B
Nov 21, 2022
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Investors
AirTree
& 3 more
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Employee Count
Employee Count
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Products & Services of Abyss Solutions
Abyss Solutions offers a comprehensive portfolio of products and services, including Abyss Fabric, Lantern Eye, and Custom Solution. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
AI system for detecting corrosion and prioritizing maintenance tasks
Creates digital replicas of assets from underwater inspections
Provides bespoke autonomous inspection for specific industry needs
Funding Insights of Abyss Solutions
Abyss Solutions has successfully raised a total of $19.25M across 4 strategic funding rounds. The most recent funding activity was a Series B round of $15 million completed in November 2022. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 4
- Last Round Series B — $15.0M
- First Round First Round
- Investors Count 4
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Nov, 2022 | Amount | Series B - Abyss Solutions | Valuation | AirTree | |
| Jan, 2021 | Amount | Series A - Abyss Solutions | Valuation | AirTree |
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| Feb, 2017 | Amount | Seed - Abyss Solutions | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Abyss Solutions
Abyss Solutions has secured backing from 4 investors, including venture fund and institutional investors. Prominent investors backing the company include AirTree, Australian Retirement Trust and FollowTheSeed. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Investments are directed toward early-stage tech startups by AirTree.
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Founded Year | Domain | Location | |
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A global data-driven venture capital firm focused on innovation.
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Founded Year | Domain | Location | |
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Abyss Solutions
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Abyss Solutions
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Abyss Solutions Comparisons
Competitors of Abyss Solutions
Abyss Solutions operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Rovco, Ambarella, IntelliFusion, Formic and Clobotics, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Provider of AI-driven ROVs and services for inspection of ships
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| domain | founded_year | HQ Location |
AI-enabled image processors are manufactured for ADAS and security applications.
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| domain | founded_year | HQ Location |
Provider of AI and cloud-based vision processing units for video analytics applications
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| domain | founded_year | HQ Location |
Automation solutions are provided by Formic for industrial manufacturers.
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| domain | founded_year | HQ Location |
Drone data management and analysis solutions are provided for enterprises.
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| domain | founded_year | HQ Location |
AI-based robotic analysis solutions for marine applications are provided.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Abyss Solutions
Frequently Asked Questions about Abyss Solutions
When was Abyss Solutions founded?
Abyss Solutions was founded in 2014 and raised its 1st funding round 1 year after it was founded.
Where is Abyss Solutions located?
Abyss Solutions is headquartered in Pyrmont, Australia. It is registered at Pyrmont, New South Wales, Australia.
Is Abyss Solutions a funded company?
Abyss Solutions is a funded company, having raised a total of $19.25M across 4 funding rounds to date. The company's 1st funding round was a Seed of $1M, raised on Aug 28, 2015.
What does Abyss Solutions do?
Abyss Solutions was founded in 2014 and is based in Pyrmont, Australia. Operations focus on the offshore inspection sector, where condition assessment reports are generated for underwater structures such as bridges, dams, reservoirs, submerged pipelines, oil and gas rigs, and ship hulls. Machine learning, robotics, and data analysis tools are utilized to support these assessments in water-based environments.
Who are the top competitors of Abyss Solutions?
What products or services does Abyss Solutions offer?
Abyss Solutions offers Abyss Fabric, Lantern Eye, and Custom Solution.
Who are Abyss Solutions's investors?
Abyss Solutions has 4 investors. Key investors include AirTree, Australian Retirement Trust, FollowTheSeed, and INCUBATE.