About XOCEAN
XOCEAN is a company based in Bergamo (Italy) founded in 2017 by James Ives.. XOCEAN has raised $169.07 million across 8 funding rounds from investors including Morgan Stanley, European Investment Bank and Enterprise Ireland. XOCEAN has completed 2 acquisitions, including 4D Ocean and Geomara. XOCEAN offers products and services including Turnkey Data Offering, Data Library Access, and MBES Service. XOCEAN operates in a competitive market with competitors including Terradepth, Ocean Infinity, Scoot Science, HUB Ocean and fluidion, among others.
- Headquarter Bergamo, Italy
- Founders James Ives
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Sectors
EnvironmentTechnology
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Email
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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
$169.07 M (USD)
in 8 rounds
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Latest Funding Round
$118.7 M (USD), Series C
Jan 09, 2025
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Investors
Morgan Stanley
& 9 more
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Employee Count
Employee Count
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Investments & Acquisitions
4D Ocean
& 1 more
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Products & Services of XOCEAN
XOCEAN offers a comprehensive portfolio of products and services, including Turnkey Data Offering, Data Library Access, and MBES Service. 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 fixed-price data acquisition and processing for marine industries.
Offers immediate delivery of high-quality ocean data for business needs.
Multibeam echosounder for seabed mapping and oceanographic analysis.
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Funding Insights of XOCEAN
XOCEAN has successfully raised a total of $169.07M across 8 strategic funding rounds. The most recent funding activity was a Series C round of $118.7 million completed in January 2025. 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 8
- Last Round Series C — $118.7M
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First Round
First Round
(20 Oct 2019)
- Investors Count 10
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jan, 2025 | Amount | Series C - XOCEAN | Valuation |
investors |
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| Jun, 2024 | Amount | Series B - XOCEAN | Valuation | VentureWave Capital | |
| Jun, 2024 | Amount | Debt – Conventional - XOCEAN | Valuation |
investors |
| 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 XOCEAN
XOCEAN has secured backing from 10 investors, including venture fund, institutional, and angel investors. Prominent investors backing the company include Morgan Stanley, European Investment Bank and Enterprise Ireland. 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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Stage agnostic venture capital firm
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Founded Year | Domain | Location | |
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Venturewave Group is engaged in global investment and innovation.
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Founded Year | Domain | Location | |
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Finance and advisory services for infrastructure projects are provided.
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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 XOCEAN
XOCEAN has strategically engaged in corporate development activities, having acquired 2 companies. Notable acquisitions include 4D Ocean and Geomara. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| 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 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Seabed mapping and coastal surveys are provided by 4D Ocean.
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2017 | ||||
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Marine energy services are provided by Geomara in Ireland.
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2012 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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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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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - XOCEAN
| 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 |
Xocean Comparisons
Competitors of XOCEAN
XOCEAN 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 Terradepth, Ocean Infinity, Scoot Science, HUB Ocean and fluidion, 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 |
Provides data collection technology for marine tracking systems
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| domain | founded_year | HQ Location |
Robotic ships are provided for ocean data acquisition and analysis.
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| domain | founded_year | HQ Location |
Ocean data analytics for fish farming operations are provided.
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| domain | founded_year | HQ Location |
HUB Ocean is focused on unlocking ocean data for conservation.
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| domain | founded_year | HQ Location |
Innovative autonomous solutions for industrial sampling are provided.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| 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 Xocean
Frequently Asked Questions about XOCEAN
When was XOCEAN founded?
XOCEAN was founded in 2017 and raised its 1st funding round 2 years after it was founded.
Where is XOCEAN located?
XOCEAN is headquartered in Bergamo, Italy. It is registered at Bergamo, Lombardy, Italy.
Who is the current CEO of XOCEAN?
James Ives is the current CEO of XOCEAN. They have also founded this company.
Is XOCEAN a funded company?
XOCEAN is a funded company, having raised a total of $169.07M across 8 funding rounds to date. The company's 1st funding round was a Series B of $32.27M, raised on Oct 20, 2019.
What does XOCEAN do?
XOCEAN was founded in 2017 and is based in Bergamo, Italy. Services in the maritime technology sector are focused on ocean data collection using autonomous surface vessels. Operations cover seabed mapping, environmental monitoring, and related applications. A complete service is provided, from data acquisition with tools like multibeam echosounders, side-scan sonars, sub-bottom profilers, and magnetometers, through processing and interpretation, resulting in client reports. Activities emphasize efficiency in marine surveys.
Who are the top competitors of XOCEAN?
XOCEAN's top competitors include Terradepth, Ocean Infinity and Scoot Science.
What products or services does XOCEAN offer?
XOCEAN offers Turnkey Data Offering, Data Library Access, and MBES Service.
How many acquisitions has XOCEAN made?
Who are XOCEAN's investors?
XOCEAN has 10 investors. Key investors include Morgan Stanley, European Investment Bank, Enterprise Ireland, European Union, and S2G Ventures.
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