About Rovco
Rovco is a company based in Bristol (United Kingdom) founded in 2015 by Elspeth Allen and Iain Wallace. Rovco has raised $38.48 million across 9 funding rounds from investors including Gov.uk, Equinor and Legal & General. Rovco offers products and services including Scout, Vaantage Data Platform, and Advanced Vessels. Rovco operates in a competitive market with competitors including Vaarst, Terradepth, Planys Technologies, EyeROV and Fifish, among others.
- Headquarter Bristol, United Kingdom
- Founders Elspeth Allen, Iain Wallace
- Stage Minicorn
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Sectors
Transportation, Automotive & LogisticsEnergy & Utilities Industrial Goods & Manufacturing
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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 Rovco Limited
- Date of Incorporation 21 Aug, 2015
- Jurisdiction BRISTOL, UNITED KINGDOM
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Annual Revenue
Not available
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Net Profit
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EBITDA
Not available
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Total Equity Funding
$38.48 M (USD)
in 9 rounds
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Latest Funding Round
$5.8 M (USD), Series B
Jul 15, 2022
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Investors
Gov.uk
& 11 more
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Employee Count
Not available
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Products & Services of Rovco
Rovco offers a comprehensive portfolio of products and services, including Scout, Vaantage Data Platform, and Advanced Vessels.
AI-powered system for subsea inspections in offshore wind operations.
Tool for collecting and interpreting data in renewable energy projects.
Vessels equipped for efficient offshore wind farm surveys and maintenance.
People of Rovco
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Funding Insights of Rovco
Rovco has successfully raised a total of $38.48M across 9 strategic funding rounds. The most recent funding activity was a Series B round of $5.8 million completed in July 2022. 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.
Investors in Rovco
Rovco has secured backing from 12 investors, including institutional and venture fund investors. Prominent investors backing the company include Gov.uk, Equinor and Legal & General.
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Impact-led venture capital is invested in university spin-outs and start-ups.
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Green Angel Ventures is focused on investing in climate startups.
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Investor details for Rovco
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Investments & Acquisitions by Rovco
Investment portfolio details for Rovco
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Financial Statements - Rovco
Detailed financials for Rovco
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Rovco Comparisons
Peer comparison for Rovco
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Competitors of Rovco
Rovco 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 Vaarst, Terradepth, Planys Technologies, EyeROV and Fifish, among others.
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AI-based robotic analysis solutions for marine applications are provided.
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Provides data collection technology for marine tracking systems
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Provider of marine underwater robotics inspection platform
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Provider of remotely operated vehicles and unnamed systems for underwater inspections
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Provider of an unmanned underwater robot
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Detailed competitors of Rovco
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Latest news on Rovco
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Frequently Asked Questions about Rovco
Rovco was founded in 2015 and raised its 1st funding round 1 year after it was founded.
Rovco is headquartered in Bristol, United Kingdom. It is registered at Bristol, England, United Kingdom.
Brian Allen is the current CEO of Rovco.
Rovco is a funded company, having raised a total of $38.48M across 9 funding rounds to date.
Provider of AI-driven ROVs and services for inspection of ships. Its product and service portfolio includes powerful electric work-class vehicles with e vectored thrust, compact inspection class ROV, a compact survey ROV, a workhorse of the Rovco fleet, and a compact ROV that comes with a manipulator, rear-facing camera, smart tether, sonar, blue view, HD or 4K camera. It also leverages AI technology for surveys and inspection.
Rovco's top competitors include Vaarst, EyeROV and Planys Technologies.
Rovco offers Scout, Vaantage Data Platform, and Advanced Vessels.
Rovco has 12 investors. Key investors include Gov.uk, Equinor, Legal & General, Cambridge Angels, and In-Q-Tel.
The valuation of Rovco is $1.78M as of Nov 2017.