About Open Ocean Robotics
Open Ocean Robotics is a company based in Victoria (Canada) founded in 2017 by Julie Angus and Colin Angus.. Open Ocean Robotics has raised $6 million across 4 funding rounds from investors including Katapult, Antares Ventures and Spring Impact Capital. Open Ocean Robotics operates in a competitive market with competitors including Kraken Robotics, Vision Marine Technologies, LTS Marine, Shark Marine Technologies and Marine Thinking, among others.
- Headquarter Victoria, Canada
- Founders Julie Angus, Colin Angus
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Sectors
Transportation, Automotive & LogisticsIndustrial Goods & Manufacturing 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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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$6 M (USD)
in 4 rounds
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Latest Funding Round
$2 M (USD), Seed
Oct 24, 2024
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Investors
Katapult
& 8 more
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Employee Count
Employee Count
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Funding Insights of Open Ocean Robotics
Open Ocean Robotics has successfully raised a total of $6M across 4 strategic funding rounds. The most recent funding activity was a Seed round of $2 million completed in October 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 4
- Last Round Seed — $2.0M
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First Round
First Round
(19 Jun 2019)
- Investors Count 9
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Oct, 2024 | Amount | Seed - Open Ocean Robotics | Valuation | Antares Ventures , Spring Impact Capital | |
| Jan, 2022 | Amount | Seed - Open Ocean Robotics | Valuation | Rhiza Capital , Cindicates |
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| Dec, 2021 | Amount | Seed - Open Ocean 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 Open Ocean Robotics
Open Ocean Robotics has secured backing from 9 investors, including venture fund investors. Prominent investors backing the company include Katapult, Antares Ventures and Spring Impact Capital. 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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Early-stage impact ventures are supported through capital and expertise.
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Founded Year | Domain | Location | |
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Investment consulting services are provided to guide client portfolios.
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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 Open Ocean 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 - Open Ocean 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 |
Open Ocean Robotics Comparisons
Competitors of Open Ocean Robotics
Open Ocean 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 Kraken Robotics, Vision Marine Technologies, LTS Marine, Shark Marine Technologies and Marine Thinking, 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 |
Unmanned maritime vehicles and subsea sensors are provided.
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| domain | founded_year | HQ Location |
Developer of electric boats
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| domain | founded_year | HQ Location |
Electric boats and propulsion systems are supplied for marine applications.
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| domain | founded_year | HQ Location |
Manufactures underwater ROVs, sonar systems, and diver equipment for global marine industries.
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| domain | founded_year | HQ Location |
Develops and sells USVs for survey, mapping, and environmental monitoring applications.
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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 Open Ocean Robotics
Frequently Asked Questions about Open Ocean Robotics
When was Open Ocean Robotics founded?
Open Ocean Robotics was founded in 2017 and raised its 1st funding round 2 years after it was founded.
Where is Open Ocean Robotics located?
Open Ocean Robotics is headquartered in Victoria, Canada. It is registered at Victoria, British Columbia, Canada.
Who is the current CEO of Open Ocean Robotics?
Julie Angus is the current CEO of Open Ocean Robotics. They have also founded this company.
Is Open Ocean Robotics a funded company?
Open Ocean Robotics is a funded company, having raised a total of $6M across 4 funding rounds to date. The company's 1st funding round was a Seed of $2.8M, raised on Jun 19, 2019.
What does Open Ocean Robotics do?
Open Ocean Robotics was founded in 2017 in Victoria, Canada, within the marine robotics sector. Unmanned boats powered by solar and wind energy are developed and deployed for ocean observations. These vessels are fitted with sensors, cameras, and communication tools to gather environmental data. Operations focus on emission-free navigation, avoiding greenhouse gases, noise, and oil spill risks, with applications in remote oceanic monitoring.
Who are the top competitors of Open Ocean Robotics?
Open Ocean Robotics's top competitors include Kraken Robotics, Vision Marine Technologies and LTS Marine.
Who are Open Ocean Robotics's investors?
Open Ocean Robotics has 9 investors. Key investors include Katapult, Antares Ventures, Spring Impact Capital, Alacrity Canada, and DTN Ventures.
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