About Marecomms
Marecomms is a company based in Halifax (Canada) founded in 2017 by Ulas Gunturkun.. Marecomms has raised $50 thousand across 2 funding rounds from investors including StartupYard and Innovacorp. Marecomms offers products and services including Underwater Acoustic Communications and AUV Networking Capability. Marecomms operates in a competitive market with competitors including Jio, MTN, Airtel, Proximus Group and AT&T, among others.
- Headquarter Halifax, Canada
- Founders Ulas Gunturkun
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Sectors
TelecommunicationsTransportation, Automotive & Logistics
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Phone
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Website
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Social
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- Legal Name Marecomms Inc.
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$50 K (USD)
in 2 rounds
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Latest Funding Round
$25 K (USD), Seed
Oct 14, 2020
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Investors
StartupYard
& 1 more
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Employee Count
Employee Count
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Products & Services of Marecomms
Marecomms offers a comprehensive portfolio of products and services, including Underwater Acoustic Communications and AUV Networking Capability. 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.
Provides reliable mobile wireless for subsea environments with low noise.
Enables high-speed communications for autonomous underwater vehicle swarms.
Funding Insights of Marecomms
Marecomms has successfully raised a total of $50K across 2 strategic funding rounds. The most recent funding activity was a Seed round of $25 thousand completed in October 2020. 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 2
- Last Round Seed — $25,000
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First Round
First Round
(03 May 2018)
- Investors Count 2
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Oct, 2020 | Amount | Seed - Marecomms | Valuation | Innovacorp |
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| May, 2018 | Amount | Seed - Marecomms | 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 Marecomms
Marecomms has secured backing from 2 investors, including venture fund investors. Prominent investors backing the company include StartupYard and Innovacorp. 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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Accelerator, Incubator & VC Firm investing primarily in Canada and the US
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Founded Year | Domain | Location | |
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Startups are accelerated through a 3-month program by StartupYard.
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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 Marecomms
| 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 - Marecomms
| 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 |
Marecomms Comparisons
Competitors of Marecomms
Marecomms 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 Jio, MTN, Airtel, Proximus Group and AT&T, 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 telecommunication services
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| domain | founded_year | HQ Location |
MTN Group is recognized as a leading telecommunications provider in Africa.
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| domain | founded_year | HQ Location |
Airtel is recognized as a provider of telecommunications and internet services.
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| domain | founded_year | HQ Location |
Telephony, internet, television, and network-based ICT services are provided.
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| domain | founded_year | HQ Location |
Mobile internet, TV, and telecommunication services are provided.
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| domain | founded_year | HQ Location |
Mobile internet services are provided for homes and offices.
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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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Frequently Asked Questions about Marecomms
When was Marecomms founded?
Marecomms was founded in 2017 and raised its 1st funding round 1 year after it was founded.
Where is Marecomms located?
Marecomms is headquartered in Halifax, Canada. It is registered at Halifax, Nova Scotia, Canada.
Who is the current CEO of Marecomms?
Ulas Gunturkun is the current CEO of Marecomms. They have also founded this company.
Is Marecomms a funded company?
Marecomms is a funded company, having raised a total of $50K across 2 funding rounds to date. The company's 1st funding round was a Seed of $25K, raised on May 03, 2018.
What does Marecomms do?
Marecomms was founded in 2017 in Halifax, Canada, within the bluetech sector. Underwater communications technology is developed by the company, with operations centered on acoustic systems for marine environments. An underwater acoustic modem called Roam has been created to boost data throughput in water and support wireless links over extended distances. The domain marecomms.com is utilized for online presence.
Who are the top competitors of Marecomms?
Marecomms's top competitors include MTN, Proximus Group and AT&T.
What products or services does Marecomms offer?
Marecomms offers Underwater Acoustic Communications and AUV Networking Capability.
Who are Marecomms's investors?
Marecomms has 2 investors. Key investors include StartupYard, and Innovacorp.
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