About EyeROV
EyeROV is a company based in Kochi (India) founded in 2016 by Kannappa Palaniappan Periyakaruppan and Johns T Mathai.. EyeROV has raised $1.99 million across 5 funding rounds from investors including Qualcomm, Unicorn India Ventures and GAIL. The company has 34 employees as of March 30, 2024. EyeROV offers products and services including EyeROV TUNA, EyeROV TROUT, EyeROV iBOAT ALPHA, and EVAP. EyeROV operates in a competitive market with competitors including Rovco, Vaarst, Terradepth, Planys Technologies and Fifish, among others.
- Headquarter Kochi, India
- Employees 34 as on 30 Mar, 2024
- Founders Kannappa Palaniappan Periyakaruppan, Johns T Mathai
- Stage Minicorn
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Sectors
EnvironmentIndustrial Goods & Manufacturing Transportation, Automotive & Logistics Aerospace, Defense & Maritime
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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 Irov Technologies Private Limited
- Date of Incorporation 07 Aug, 2017
- Jurisdiction Kunnathunad Panchayath,, Kerala, India
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Annual Revenue
$410.47 K (USD)59.6as on Mar 31, 2023
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Net Profit
$-40.31 K (USD)-108.84as on Mar 31, 2023
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EBITDA
$-48.6 K (USD)59.54as on Mar 31, 2023
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Total Equity Funding
$1.99 M (USD)
in 5 rounds
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Latest Funding Round
$1.19 M (USD), Seed
Aug 09, 2024
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Investors
Qualcomm
& 7 more
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Employee Count
34
as on Mar 30, 2024
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Products & Services of EyeROV
EyeROV offers a comprehensive portfolio of products and services, including EyeROV TUNA, EyeROV TROUT, EyeROV iBOAT ALPHA, and EVAP. 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.
Underwater drone for inspections and operations in murky waters.
Vehicle for sensor testing and object retrieval underwater.
Platform for marine surveillance and data collection.
Software for video enhancement and inspection reporting.
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Funding Insights of EyeROV
EyeROV has successfully raised a total of $1.99M across 5 strategic funding rounds. The most recent funding activity was a Seed round of $1.19 million completed in August 2024. 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 5
- Last Round Seed — $1.2M
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First Round
First Round
(27 May 2019)
- Investors Count 8
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Aug, 2024 | Amount | Seed - EyeROV | Valuation | Unicorn India Ventures |
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| Mar, 2023 | Amount | Grant - EyeROV | Valuation |
investors |
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| Mar, 2022 | Amount | Seed - EyeROV | Valuation | K Chittilappilly Foundation |
| 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 EyeROV
EyeROV has secured backing from 8 investors, including venture fund, institutional, and angel investors. Prominent investors backing the company include Qualcomm, Unicorn India Ventures and GAIL. 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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Venture capital firm offering seed funding and support to startups in technology and innovation sectors.
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Founded Year | Domain | Location | |
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Startups are incubated at Venture Center, backed by CSIR.
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Provider of cloud and AI-based cellular communication ICs
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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 EyeROV
| 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 - EyeROV
| 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 |
Eyerov Comparisons
Competitors of EyeROV
EyeROV 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, Vaarst, Terradepth, Planys Technologies and Fifish, 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-based robotic analysis solutions for marine applications are provided.
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| domain | founded_year | HQ Location |
Provides data collection technology for marine tracking systems
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| domain | founded_year | HQ Location |
Provider of marine underwater robotics inspection platform
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| domain | founded_year | HQ Location |
Provider of an unmanned underwater robot
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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 Eyerov
Frequently Asked Questions about EyeROV
When was EyeROV founded?
EyeROV was founded in 2016 and raised its 1st funding round 3 years after it was founded.
Where is EyeROV located?
EyeROV is headquartered in Kochi, India. It is registered at Kochi, Kerala, India.
Who is the current CEO of EyeROV?
Johns T Mathai is the current CEO of EyeROV. They have also founded this company.
Is EyeROV a funded company?
EyeROV is a funded company, having raised a total of $1.99M across 5 funding rounds to date. The company's 1st funding round was a Seed of $376.88K, raised on May 27, 2019.
How many employees does EyeROV have?
As of Mar 30, 2024, the latest employee count at EyeROV is 34.
What is the annual revenue of EyeROV?
Annual revenue of EyeROV is $410.47K as on Mar 31, 2023.
What does EyeROV do?
Founded in 2016 in Kochi, India, EyeROV operates within the marine robotics sector. Remotely operated vehicles and unmanned systems are supplied for underwater surveys, incorporating AI solutions. Visual inspections of ship hulls and dams are conducted, alongside support for search and rescue operations. These technologies enable precise data collection in challenging aquatic environments.
Who are the top competitors of EyeROV?
EyeROV's top competitors include Rovco, Vaarst and Planys Technologies.
What products or services does EyeROV offer?
EyeROV offers EyeROV TUNA, EyeROV TROUT, EyeROV iBOAT ALPHA, and EVAP.
Who are EyeROV's investors?
EyeROV has 8 investors. Key investors include Qualcomm, Unicorn India Ventures, GAIL, K Chittilappilly Foundation, and Venture Center.
What is EyeROV's valuation?
The valuation of EyeROV is $6.9M as of Aug 2024.