Vaarst

Bristol, United Kingdom Founded: 2015 • Age: 11 yrs
AI-based robotic analysis solutions for marine applications are provided.
Annual revenue - Latest available
Total funding $20.0M 2 rounds
Employees - Tracked headcount
Investors 7 Known backers
Products 3 Services tracked
Competitors 10 Brand Intelligence

About Vaarst

Vaarst is a company based in Bristol (United Kingdom) founded in 2015. Vaarst has raised $20 million across 2 funding rounds from investors including Equinor, Legal & General and Martlet Capital. Vaarst offers products and services including Data Platform, SubSLAM X2, and Bespoke Solutions. Vaarst operates in a competitive market with competitors including Rovco, Terradepth, Planys Technologies, EyeROV and Fifish, among others.

  • Headquarter Bristol, United Kingdom
  • Sectors
    Technology
    Transportation, Automotive & Logistics
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  • Phone
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  • Website
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  • Legal Name Vaarst Limited
  • Date of Incorporation 04 Mar, 2021
  • Jurisdiction BRISTOL, UNITED KINGDOM
Operational Areas
Technology → Artificial Intelligence & Machine Learning Unlock Sub-Sector Unlock Segment
Transportation, Automotive & Logistics → Supply Chain, Freight & Logistics Unlock Sub-Sector Unlock Segment
Transportation, Automotive & Logistics → Maritime, Ports & Shipping Unlock Sub-Sector Unlock Segment
Key Metrics
  • Annual Revenue
    Not available
  • Net Profit
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  • EBITDA
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  • Total Equity Funding
    $20 M (USD)

    in 2 rounds

  • Latest Funding Round
    Not available
  • Investors
    Equinor

    & 6 more

  • Employee Count
    Not available
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Products & Services of Vaarst

Vaarst offers a comprehensive portfolio of products and services, including Data Platform, SubSLAM X2, and Bespoke Solutions.

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Primary

Provides gateway for machine learning and data analysis

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Delivers 4K video and real-time 3D mapping capabilities

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Offers tailored support for project engineering and data processing

People of Vaarst

Headcount 10-50
Employee Profiles 15
Employee Profiles
People
Brian Allen
Chief Executive Officer
People
Chris Abbott
Senior Delivery Manager
People
Peter Batchelor
Hardware Engineering Lead
People
Amber Crotty
Delivery Manager

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Funding Insights of Vaarst

Vaarst has successfully raised a total of $20M across 2 strategic funding rounds. 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 Vaarst

Vaarst has secured backing from 7 investors, including venture fund and institutional investors. Prominent investors backing the company include Equinor, Legal & General and Martlet Capital.

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Venture Fund
Institutional
Investor Description Founded Year Domain Location
Strategic Development Fund is focused on investment in UAE sectors.
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Impact-led venture capital is invested in university spin-outs and start-ups.
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Venture capital firm
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Investor details for Vaarst

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Investments & Acquisitions by Vaarst

Investments
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Investment portfolio details for Vaarst

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Financial Statements - Vaarst

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Detailed financials for Vaarst

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Vaarst Comparisons

Vaarst Primary company
Description
AI-based robotic analysis solutions for marine applications ...
Location
Bristol, United Kingdom
Founded Year
2015
Annual Revenue
Not available
Net Profit
Not available
EBITDA
Not available
Employees
Not available
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Peer comparison for Vaarst

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Competitors of Vaarst

Vaarst 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, Terradepth, Planys Technologies, EyeROV and Fifish, among others.

Company Name Domain Founded year HQ Location Description
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Provider of AI-driven ROVs and services for inspection of ships
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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 Vaarst

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Latest news on Vaarst

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Complete news archive for Vaarst

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Frequently Asked Questions about Vaarst

Vaarst was founded in 2015 and raised its 1st funding round 7 years after it was founded.

Vaarst is headquartered in Bristol, United Kingdom. It is registered at Bristol, England, United Kingdom.

Vaarst is a funded company, having raised a total of $20M across 2 funding rounds to date.

Vaarst was founded in 2015 and is based in Bristol, United Kingdom. AI-based robotic analysis solutions for the marine sector are developed and offered. A cloud-based platform is utilized to apply computer vision technology for capturing 3D point clouds. Data storage, management, and analysis are facilitated through this system. Capabilities for 3D live streaming and geo-referencing are incorporated to support marine operations.

Vaarst's top competitors include Rovco, EyeROV and Planys Technologies.

Vaarst offers Data Platform, SubSLAM X2, and Bespoke Solutions.

Vaarst has 7 investors. Key investors include Equinor, Legal & General, Martlet Capital, Foresight Group, and Strategic Development Fund.

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