About Terradepth
Terradepth is a company based in Austin (United States) founded in 2018 by Joe Wolfel and Judson Kauffman.. Terradepth has raised $28 million across 3 funding rounds from investors including Seagate, Capital Innovators and Giant Ventures. Terradepth offers products and services including ODaaS, Absolute Ocean, and Autonomous Survey Services. Terradepth operates in a competitive market with competitors including Rovco, XOCEAN, Vaarst, Planys Technologies and EyeROV, among others.
- Headquarter Austin, United States
- Founders Joe Wolfel, Judson Kauffman
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Sectors
Transportation, Automotive & LogisticsEnvironment Energy & Utilities Industrial Goods & Manufacturing Technology
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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 Terradepth, Inc.
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$28 M (USD)
in 3 rounds
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Latest Funding Round
$100 K (USD), Grant
May 09, 2022
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Investors
Seagate
& 3 more
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Employee Count
Employee Count
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Products & Services of Terradepth
Terradepth offers a comprehensive portfolio of products and services, including ODaaS, Absolute Ocean, and Autonomous Survey Services. 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.
Provides ocean data management via long-endurance AUVs
Interactive tool for visualizing and handling maritime data sets
Uses AUVs for efficient subsea data collection and analysis
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Funding Insights of Terradepth
Terradepth has successfully raised a total of $28M across 3 strategic funding rounds. The most recent funding activity was a Grant round of $100 thousand completed in May 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.
- Total Funding Total Funding
- Total Rounds 3
- Last Round Grant — $100,000
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First Round
First Round
(16 Dec 2019)
- Investors Count 4
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| May, 2022 | Amount | Grant - Terradepth | Valuation |
investors |
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| Apr, 2022 | Amount | Series B - Terradepth | Valuation | Giant Ventures , Nimble Ventures |
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| Dec, 2019 | Amount | Series A - Terradepth | Valuation | Seagate |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| 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 Terradepth
Terradepth has secured backing from 4 investors, including venture fund and institutional investors. Prominent investors backing the company include Seagate, Capital Innovators and Giant 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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Technology, consumer, and energy startups are accelerated and funded.
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Founded Year | Domain | Location | |
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Giant Ventures is engaged in venture capital investments for technology startups.
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Founded Year | Domain | Location | |
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Venture capital investments are made by Nimble Ventures family office.
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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 Terradepth
| 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 - Terradepth
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| 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 |
Terradepth Comparisons
Competitors of Terradepth
Terradepth 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 Rovco, XOCEAN, Vaarst, Planys Technologies and EyeROV, 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 |
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| domain | founded_year | HQ Location |
Provider of AI-driven ROVs and services for inspection of ships
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| domain | founded_year | HQ Location |
Ocean data is acquired via uncrewed surface vessels.
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| domain | founded_year | HQ Location |
AI-based robotic analysis solutions for marine applications are provided.
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| domain | founded_year | HQ Location |
Provider of marine underwater robotics inspection platform
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| domain | founded_year | HQ Location |
Provider of remotely operated vehicles and unnamed systems for underwater inspections
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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 Terradepth
Frequently Asked Questions about Terradepth
When was Terradepth founded?
Terradepth was founded in 2018 and raised its 1st funding round 1 year after it was founded.
Where is Terradepth located?
Terradepth is headquartered in Austin, United States. It is registered at Austin, Texas, United States.
Who is the current CEO of Terradepth?
Joe Wolfel is the current CEO of Terradepth. They have also founded this company.
Is Terradepth a funded company?
Terradepth is a funded company, having raised a total of $28M across 3 funding rounds to date. The company's 1st funding round was a Series A of $8M, raised on Dec 16, 2019.
What does Terradepth do?
Terradepth was founded in 2018 in Austin, United States, focusing on marine technology. Undersea data capture, storage, and transmission are integrated for autonomous underwater vehicles. A patent-based system is utilized to enable data visualization and interaction. Operations center on developing tools for marine tracking systems, supporting applications in oceanic environments.
Who are the top competitors of Terradepth?
What products or services does Terradepth offer?
Terradepth offers ODaaS, Absolute Ocean, and Autonomous Survey Services.
Who are Terradepth's investors?
Terradepth has 4 investors. Key investors include Seagate, Capital Innovators, Giant Ventures, and Nimble.
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