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
Locked
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Website
Locked
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Social
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Annual Revenue
Not available
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Net Profit
Not available
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EBITDA
Not available
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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
Not available
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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.
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.
People of XOCEAN
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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.
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.
| Investor | Description | Founded Year | Domain | Location |
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Stage agnostic venture capital firm
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Venturewave Group is engaged in global investment and innovation.
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Finance and advisory services for infrastructure projects are provided.
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Investor details for XOCEAN
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Investments & Acquisitions by XOCEAN
XOCEAN has strategically engaged in corporate development activities, having acquired 2 companies. Notable acquisitions include 4D Ocean and Geomara.
Investment portfolio details for XOCEAN
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| 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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Locked | Locked | 2017 | Locked | |
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Marine energy services are provided by Geomara in Ireland.
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Locked | Locked | 2012 | Locked |
Complete acquisition details for XOCEAN
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Financial Statements - XOCEAN
Detailed financials for XOCEAN
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Xocean Comparisons
Peer comparison for XOCEAN
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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.
| Company Name | Domain | Founded year | HQ Location | Description |
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Provides data collection technology for marine tracking systems
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Robotic ships are provided for ocean data acquisition and analysis.
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Ocean data analytics for fish farming operations are provided.
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HUB Ocean is focused on unlocking ocean data for conservation.
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Innovative autonomous solutions for industrial sampling are provided.
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Detailed competitors of XOCEAN
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Latest news on Xocean
Complete news archive for XOCEAN
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Frequently Asked Questions about XOCEAN
XOCEAN was founded in 2017 and raised its 1st funding round 2 years after it was founded.
XOCEAN is headquartered in Bergamo, Italy. It is registered at Bergamo, Lombardy, Italy.
James Ives is the current CEO of XOCEAN. They have also founded this company.
XOCEAN is a funded company, having raised a total of $169.07M across 8 funding rounds to date.
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.
XOCEAN's top competitors include Terradepth, Ocean Infinity and Scoot Science.
XOCEAN offers Turnkey Data Offering, Data Library Access, and MBES Service.
XOCEAN has 10 investors. Key investors include Morgan Stanley, European Investment Bank, Enterprise Ireland, European Union, and S2G Ventures.