About Vaarst
Vaarst is a Technology company based in Bristol (United Kingdom) founded in 2015. AI-based robotic analysis solutions for marine applications are provided. It operates in the Technology and Transportation, Automotive & Logistics sectors. 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. Its focus areas include High Tech, Computer Vision, Industry Agnostic Applications and Robotics. Its legal entity is VAARST LIMITED.
Company details
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.
- Headquarters Bristol, United Kingdom
- SectorsTechnologyTransportation, Automotive & Logistics
- Email••••••••
- Phone•••• ••••
- Website vaarst.com
- Social LinkedIn X
- Legal Name Vaarst Limited
- Date of Incorporation 04 Mar, 2021
- Jurisdiction BRISTOL, UNITED KINGDOM
- Total Equity Funding$20M (USD)
in 2 rounds
- InvestorsEquinor
& 6 more
Products & Services of Vaarst
Vaarst offers a comprehensive portfolio of products and services, including Data Platform, SubSLAM X2, and Bespoke Solutions.
Provides gateway for machine learning and data analysis
Delivers 4K video and real-time 3D mapping capabilities
Offers tailored support for project engineering and data processing
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.
- Total Funding $20M
- Total Rounds 2
- First Round $20M
(Apr 2022)
- Investors Count 7
All 2 funding rounds of Vaarst with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Nov 2022 | Series B | – | SDF, Future Planet Capital | – | |
| Apr 2022 | $20M | Series B | – | Legal & General |
7 investors in total: 7 institutional.
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.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Strategic Development Fund is focused on investment in UAE sectors. | sdf.ae | Abu Dhabi, United Arab Emirates | ||
Impact-led venture capital is invested in university spin-outs and start-ups. | futureplanetcapital.com | London, United Kingdom | ||
Venture capital firm | iqt.org | Washington, Dc, United States | ||
Venture capital funds focused on life sciences and tech startups | 2011 | martletcap.com | Cambridge, United Kingdom | |
Life, home, pet, and general insurance services are offered online. | 1836 | legalandgeneral.com | London, United Kingdom | |
Petroleum, natural gas, petrochemicals, and electrical power are produced globally. | 1972 | equinor.com | Stavanger, Norway | |
Clinical and post-marketing drug safety solutions are delivered. | 2013 | foresightgroup.com | Noida, India |
Investor details for Vaarst
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
- Co-investor network
Verified entity values are shown only after access is granted.
People of Vaarst
15 people are tracked at Vaarst (3 in leadership, 12 in team).
| Name | Role | Group |
|---|---|---|
Brian Allen | Chief Executive Officer | Leadership |
Magnus Maynard | VP Of Engineering | Leadership |
Dr Kari Dempsey | Chief Technology Officer And Executive Director | Leadership |
Chris Abbott | Senior Delivery Manager | Team |
Peter Batchelor | Hardware Engineering Lead | Team |
Amber Crotty | Delivery Manager | Team |
Pep Lluis Negre | Principal Computer Vision Engineer | Team |
Luke Weeks | New Markets Development Manager | Team |
Lewis Spencer | Senior Unreal Engineer | Team |
Mark Goodall | Software Engineering Team Lead | Team |
Eduardo Ruiz | Computer Vision Research | Team |
Jasper James | Senior Robotics Software Engineer | Team |
Rob Fisher | Senior DevOps Engineer | Team |
Michael Dowdle | Senior Software Engineer | Team |
Daniel Whettam | Machine Learning Engineer | Team |
Complete people profiles for Vaarst
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
- Board tenure
- Professional contacts
Verified entity values are shown only after access is granted.
Timeline of Vaarst
3 dated milestones of Vaarst across 7 years, from founding to its latest funding, stage changes and deals.
- Founded Vaarst is founded.
- Funding First funding round of $20.0M.
- Funding Latest funding round, Series B,.
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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. The company's 1st funding round was a Series B of $20M, raised on Apr 2022.
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 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.
Vaarst operates through Vaarst Limited.