About OTAQ
OTAQ is a company based in Lancaster (United Kingdom) founded in 2012 by Chris Hyde.. The company has 45 employees as of March 31, 2022. OTAQ has completed 1 acquisition, including ROS Technology. OTAQ offers products and services including Eagle IP Cameras and Underwater Connectors. OTAQ operates in a competitive market with competitors including Eruvaka Technologies, Maritech, Blue Lion Labs, AquaOptima and Osmo Systems, among others.
- Headquarter Lancaster, United Kingdom
- Employees 45 as on 31 Mar, 2022
- Founders Chris Hyde
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Sectors
Agriculture
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Email
***********
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Otaq Plc
- Date of Incorporation 22 Jun, 2018
- Jurisdiction LANCASTER, ENGLAND
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Annual Revenue
$5.3 M (USD)19as on Mar 31, 2021
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Net Profit
$-698.25 K (USD)80as on Mar 31, 2021
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EBITDA
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Latest Funding Round
$54.63 K (USD), Grant
Dec 31, 2015
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Investors
European Union
& 2 more
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Employee Count
45
as on Mar 31, 2022
- Investments & Acquisitions
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Acquired by
N/A
(Apr 14, 2020)
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Products & Services of OTAQ
OTAQ offers a comprehensive portfolio of products and services, including Eagle IP Cameras and Underwater Connectors. 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.
High-definition cameras for ROV and AUV in marine environments.
Connectors designed for harsh offshore energy applications.
Funding Insights of OTAQ
- Total Funding Total Funding
- Total Rounds 2
- Last Round Grant — $54,627
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First Round
First Round
(01 Jul 2015)
- Investors Count 2
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Dec, 2015 | Amount | Grant - OTAQ | Valuation |
investors |
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| Jul, 2015 | Amount | Grant - OTAQ | 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 OTAQ
OTAQ has secured backing from 2 investors, including venture fund and institutional investors. Prominent investors backing the company include European Union and EIC Fund. 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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Government agency and accelerator focusing on innovative startups and SMEs
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Founded Year | Domain | Location | |
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Government entites focused on freedom, democracy, equality and the rule of law, promoting peace and stability
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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 OTAQ
OTAQ has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include ROS Technology. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| 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 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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IoT and robotics services are provided to clients worldwide.
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2013 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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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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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - OTAQ
| 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 |
Otaq Comparisons
Competitors of OTAQ
OTAQ 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 Eruvaka Technologies, Maritech, Blue Lion Labs, AquaOptima and Osmo Systems, 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 |
IoT-enabled diagnostic equipment is supplied for aquaculture monitoring.
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| domain | founded_year | HQ Location |
Provider of IoT-based production, logistics and supply chain solutions for the seafood industry
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| domain | founded_year | HQ Location |
AI solutions for real-time water body monitoring are provided.
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| domain | founded_year | HQ Location |
Infrastructure solutions for land-based aquaculture are developed and marketed.
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| domain | founded_year | HQ Location |
Parameters are monitored in hydroponic and aquaculture systems.
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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 Otaq
Frequently Asked Questions about OTAQ
When was OTAQ founded?
OTAQ was founded in 2012 and raised its 1st funding round 3 years after it was founded.
Where is OTAQ located?
OTAQ is headquartered in Lancaster, United Kingdom. It is registered at Lancaster, Lancashire, United Kingdom.
How many employees does OTAQ have?
As of Mar 31, 2022, the latest employee count at OTAQ is 45.
What is the annual revenue of OTAQ?
Annual revenue of OTAQ is $5.3M as on Mar 31, 2021.
What does OTAQ do?
OTAQ was founded in 2012 in Lancaster, United Kingdom, focusing on the aquaculture sector. Marine technological products for predator mitigation in offshore farms are developed and marketed, including the SealFence system, which forms an acoustic barrier around sea cages to deter seals and sea lions. A portable SealFence variant is offered for short-term use up to 50 meters, alongside OceanTalk, a portal integrating up to 64 sensors from various manufacturers.
Who are the top competitors of OTAQ?
OTAQ's top competitors include Eruvaka Technologies, AquaOptima and Watergenics.
What products or services does OTAQ offer?
OTAQ offers Eagle IP Cameras and Underwater Connectors.
How many acquisitions has OTAQ made?
OTAQ has made 1 acquisition, including ROS Technology.
Who are OTAQ's investors?
OTAQ has 2 investors. Key investors include European Union, and EIC Fund.
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