About Sofar Ocean
Sofar Ocean is a company based in San Francisco (United States) founded in 2012.. Sofar Ocean has raised $69.9 million across 5 funding rounds from investors including Union Square Ventures, Foundry and True Ventures. Sofar Ocean offers products and services including Wayfinder and Spotter Platform. Sofar Ocean operates in a competitive market with competitors including Aanderaa, i4sea, Buoyweather, CustomWeather and Optimum Voyage, among others.
- Headquarter San Francisco, United States
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Sectors
TechnologyTransportation, Automotive & Logistics
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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
$69.9 M (USD)
in 5 rounds
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Latest Funding Round
$22.25 M (USD), Series B
Nov 22, 2024
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Investors
Union Square Ventures
& 3 more
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Employee Count
Employee Count
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Products & Services of Sofar Ocean
Sofar Ocean offers a comprehensive portfolio of products and services, including Wayfinder and Spotter Platform. 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.
Platform for reducing fuel and emissions in maritime shipping
System for real-time wave and ocean data collection
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Funding Insights of Sofar Ocean
Sofar Ocean has successfully raised a total of $69.9M across 5 strategic funding rounds. The most recent funding activity was a Series B round of $22.25 million completed in November 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 5
- Last Round Series B — $22.2M
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First Round
First Round
(03 Jul 2013)
- Investors Count 4
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Nov, 2024 | Amount | Series B - Sofar Ocean | Valuation |
investors |
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| Nov, 2021 | Amount | Series B - Sofar Ocean | Valuation | Union Square Ventures | |
| Apr, 2019 | Amount | Series A - Sofar Ocean | Valuation | True Ventures , Craft Ventures |
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| 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 Sofar Ocean
Sofar Ocean has secured backing from 4 investors, including venture fund investors. Prominent investors backing the company include Union Square Ventures, Foundry and True Ventures. 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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Venture capital firm focused on blockchain, wellbeing, and multiple sectors
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Founded Year | Domain | Location | |
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Venture capital is invested in early-stage tech startups.
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Founded Year | Domain | Location | |
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Venture capital firm supporting AI founders through investments and community.
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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 Sofar Ocean
| 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 - Sofar Ocean
| 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 |
Sofar Ocean Comparisons
Competitors of Sofar Ocean
Sofar Ocean 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 Aanderaa, i4sea, Buoyweather, CustomWeather and Optimum Voyage, 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 |
Instrument solutions for oceanographic and environmental measurements are provided.
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| domain | founded_year | HQ Location |
Weather forecasting software is provided for the marine industry.
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| domain | founded_year | HQ Location |
Offers marine weather and wind forecasts via online platform for global users.
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| domain | founded_year | HQ Location |
Offers comprehensive weather forecasts, maps, and APIs for businesses worldwide.
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| domain | founded_year | HQ Location |
Weather forecasting platform for vessels and shipping routes is 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 Sofar Ocean
Frequently Asked Questions about Sofar Ocean
When was Sofar Ocean founded?
Sofar Ocean was founded in 2012 and raised its 1st funding round 1 year after it was founded.
Where is Sofar Ocean located?
Sofar Ocean is headquartered in San Francisco, United States. It is registered at San Francisco, California, United States.
Is Sofar Ocean a funded company?
Sofar Ocean is a funded company, having raised a total of $69.9M across 5 funding rounds to date. The company's 1st funding round was a Series A of $7M, raised on Jul 03, 2013.
What does Sofar Ocean do?
Sofar Ocean was founded in 2012 in San Francisco, United States, within the ocean technology sector. Cloud-based sensors are produced for underwater monitoring, wind speed and direction measurement, and wave height prediction, including mean and peak periods with color correction algorithms. Operations focus on marine weather and environmental monitoring, as well as custom research applications, serving various ocean exploration needs.
Who are the top competitors of Sofar Ocean?
Sofar Ocean's top competitors include i4sea, Aanderaa and Optimum Voyage.
What products or services does Sofar Ocean offer?
Sofar Ocean offers Wayfinder and Spotter Platform.
Who are Sofar Ocean's investors?
Sofar Ocean has 4 investors. Key investors include Union Square Ventures, Foundry, True Ventures, and Craft Ventures.
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