About Beam
Beam is a company based in Bristol (United Kingdom) founded in 2016 by Joe Tidball and Brain Allen. It operates as a AI-as-a-Service. Beam has raised $39.01 million across 8 funding rounds from investors including Future Planet Capital and Rosenxt. Beam offers products and services including Autonomous Subsea Systems and AI-Powered Technologies. Beam operates in a competitive market with competitors including Rovco, Aerones, Rovop, 3sun Group and SubC Partner, among others.
- Headquarter Bristol, United Kingdom
- Founders Joe Tidball, Brain Allen
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Sectors
Industrial Goods & ManufacturingEnergy & Utilities
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Email
***********
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Rovco Limited
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$39.01 M (USD)
in 8 rounds
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Latest Funding Round
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Investors
Future Planet Capital
& 1 more
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Employee Count
Employee Count
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Acquired by
N/A
(Jul 04, 2025)
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Products & Services of Beam
Beam offers a comprehensive portfolio of products and services, including Autonomous Subsea Systems and AI-Powered Technologies. 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.
Autonomous systems for subsea operations are developed here.
AI technologies for subsea applications are provided by Beam.
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Funding Insights of Beam
Beam has successfully raised a total of $39.01M across 8 strategic funding rounds. 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 8
- Last Round Last Round
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First Round
First Round
(07 Nov 2017)
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Oct, 2024 | Amount | Seed - Beam | Valuation |
investors |
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| Jan, 2024 | Amount | Series A - Beam | Valuation |
investors |
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| Jul, 2022 | Amount | Series A - Beam | Valuation |
investors |
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| 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 Beam
Beam has secured backing from 2 investors, including venture fund investors. Prominent investors backing the company include Future Planet Capital and Rosenxt. 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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Impact-led venture capital is invested in university spin-outs and start-ups.
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Founded Year | Domain | Location | |
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Rosenxt is recognized as a forward-thinking technology group focused on engineering solutions.
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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 Beam
| 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 - Beam
| 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 |
Beam Comparisons
Competitors of Beam
Beam 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, Aerones, Rovop, 3sun Group and SubC Partner, 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 |
Wind turbine maintenance and inspection are performed using robotics technology.
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| domain | founded_year | HQ Location |
Subsea ROV services for inspection, repair, and maintenance are provided.
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| domain | founded_year | HQ Location |
OIl and gas and renewable energy service provider
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| domain | founded_year | HQ Location |
Offshore services including diving, engineering, and fabrication are provided.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| 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 Beam
Frequently Asked Questions about Beam
When was Beam founded?
Beam was founded in 2016 and raised its 1st funding round 1 year after it was founded.
Where is Beam located?
Beam is headquartered in Bristol, United Kingdom. It is registered at Bristol, England, United Kingdom.
Who is the current CEO of Beam?
Brain Allen is the current CEO of Beam. They have also founded this company.
Is Beam a funded company?
Beam is a funded company, having raised a total of $39.01M across 8 funding rounds to date. The company's 1st funding round was a Series A of $5.32M, raised on Nov 07, 2017.
What does Beam do?
Beam, formed through a merger in 2024, was established as a subsea robotics and engineering firm. Its operations focused on autonomous subsea systems and AI-powered technologies, primarily serving the energy and critical infrastructure sectors. Solutions provided by Beam were aimed at enhancing efficiency in complex subsea environments. Although operations ceased in 2025, selected assets and talent have been integrated into Rosenxt to continue advancing subsea technology development.
What products or services does Beam offer?
Beam offers Autonomous Subsea Systems and AI-Powered Technologies.
Who are Beam's investors?
Beam has 2 investors. Key investors include Future Planet Capital, and Rosenxt.
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