About Marine Advanced Robotics
Marine Advanced Robotics is a company based in Richmond (United States) founded in 2004 was acquired by Ocean Power Technologies in November 2021.. Marine Advanced Robotics offers products and services including WAM-V 8, WAM-V 16, and WAM-V 22. Marine Advanced Robotics operates in a competitive market with competitors including Saronic, Sagar Defence Engineering, Sea Machines, Liquid Robotics and Yunzhou Technology, among others.
- Headquarter Richmond, United States
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Sectors
Industrial Goods & ManufacturingTransportation, Automotive & Logistics
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Ocean Power Technologies
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Annual Revenue
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Net Profit
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EBITDA
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Latest Funding Round
$150 K (USD), Grant
Sep 01, 2022
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Investors
Ocean Power Technologies
& 1 more
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Employee Count
Employee Count
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Acquired by
Ocean Power Technologies
(Nov 16, 2021)
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Products & Services of Marine Advanced Robotics
Marine Advanced Robotics offers a comprehensive portfolio of products and services, including WAM-V 8, WAM-V 16, and WAM-V 22. 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.
Light and agile vehicle for portable marine applications.
Stable platform for inshore and coastal environments.
Rugged vehicle with multi-day endurance for tough conditions.
Funding Insights of Marine Advanced Robotics
- Total Funding Total Funding
- Total Rounds 2
- Last Round Grant — $150,000
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First Round
First Round
(01 Jan 2020)
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Sep, 2022 | Amount | Grant - Marine Advanced Robotics | Valuation |
investors |
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| Jan, 2020 | Amount | Grant - Marine Advanced Robotics | 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 Marine Advanced Robotics
Marine Advanced Robotics has secured backing from 2 investors, including institutional investors. Prominent investors backing the company include Ocean Power Technologies and National Oceanic and Atmospheric Administration. 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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Founded Year | Domain | Location | |
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Ocean energy technologies are provided for intelligent maritime 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 Marine Advanced Robotics
| 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 - Marine Advanced Robotics
| 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 |
Marine Advanced Robotics Comparisons
Competitors of Marine Advanced Robotics
Marine Advanced Robotics 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 Saronic, Sagar Defence Engineering, Sea Machines, Liquid Robotics and Yunzhou Technology, 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 |
Autonomous surface vessels are developed for naval and maritime applications.
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| domain | founded_year | HQ Location |
Manufacturer of a quadcopter drone for multiple civilian and military applications
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| domain | founded_year | HQ Location |
Unmanned surface vehicles are supplied for industrial maritime applications.
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| domain | founded_year | HQ Location |
Unmanned surface vehicles are developed using wave energy propulsion.
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| domain | founded_year | HQ Location |
Unmanned ships are developed for marine monitoring and exploration.
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| domain | founded_year | HQ Location |
Surveillance, cyber-defence, communication, and security solutions 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 Marine Advanced Robotics
Frequently Asked Questions about Marine Advanced Robotics
When was Marine Advanced Robotics founded?
Marine Advanced Robotics was founded in 2004 and raised its 1st funding round 16 years after it was founded.
Where is Marine Advanced Robotics located?
Marine Advanced Robotics is headquartered in Richmond, United States. It is registered at Richmond, Virginia, United States.
Who is the current CEO of Marine Advanced Robotics?
Mark Gundersen is the current CEO of Marine Advanced Robotics.
What does Marine Advanced Robotics do?
Marine Advanced Robotics was founded in 2004 and is based in Richmond, United States. Unmanned surface vehicle systems are offered for maritime, defense, and GIS sectors. The product portfolio includes shore, ocean, and ground-up USV robots, which support survey and rescue operations. Research and development services are also provided to clients in these industries.
Who are the top competitors of Marine Advanced Robotics?
Marine Advanced Robotics's top competitors include Saronic, Sagar Defence Engineering and Yunzhou Technology.
What products or services does Marine Advanced Robotics offer?
Marine Advanced Robotics offers WAM-V 8, WAM-V 16, and WAM-V 22.
Who are Marine Advanced Robotics's investors?
Marine Advanced Robotics has 2 investors. Key investors include Ocean Power Technologies, and National Oceanic and Atmospheric Administration.
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