Funding · AI & Deep Tech
EyeROV raises ₹13 crore to expand marine robotics operations
By Startup Enthusiast ·
- Date
- Company
- EyeROV
- What it does
- Marine robotics for underwater inspection
- Kind
- Funding
- Amount
- ₹13 crore ($1.44 million)
- Stage
- pre-Series A
- Founded
- 2017
- Sector
- AI & Deep Tech
What they do
EyeROV builds underwater robots and autonomous boats for inspecting infrastructure
What happened
The company raised ₹13 crore co-led by AWE Funds and Unicorn India Ventures
Why it matters
Funds support R&D and expansion after securing a ₹47 crore Indian Navy order
The details
- EyeROV has raised ₹13 crore in a pre-Series A funding round.
- The investment was co-led by AWE Funds and Unicorn India Ventures.
- The startup plans to use the capital for R&D intensification and new product development.
- Funds will also support domestic and international market expansion efforts.
- EyeROV specializes in marine robotics for underwater inspection and surveillance tasks.
- The company offers Remotely Operated Vehicles (ROVs) for deep-sea observation.
- It also provides Unmanned Surface Vessels (USVs) for hydrographic surveys.
- Products integrate AI-based tools and Non-Destructive Testing payloads like sonar.
The bigger picture
- The company recently secured a significant ₹47 crore order from the Indian Navy.
- This validates its technology for high-stakes defense applications.
- Clients include major entities like Tata Power, Adani, and ONGC.
- The funding supports scaling after completing over 150 projects for more than 80 clients.
About the business
- EyeROV develops tethered robots for underwater maintenance and inspection.
- It creates autonomous surface boats for monitoring water bodies and surveys.
- Solutions assess structural integrity of assets without risking human divers.
- The company serves sectors including energy, logistics, and defense.
- Revenue comes from direct product sales of customized robotic units.
- It also offers Robotics-as-a-Service (RaaS) for project-based inspections.
- Key clients include global firms like Maersk and Indian giants.
- Technology reduces operational risks and costs for underwater asset management.
What happens next
- EyeROV will focus on new product line development using the funds.
- The company aims to expand its footprint in international markets.
- Plans include intensifying research and development activities.
The deal
- Type
- Pre-Series A
Investors
- AWE Funds (co-lead)
- Unicorn India Ventures (co-lead)
About EyeROV
- Product
- AI-powered remotely operated vehicles (ROVs) and unmanned surface vessels (USVs) for underwater inspection and surveillance.
- Customers
- Infrastructure, energy, and defence organisations, including power utilities, oil and gas companies, ports, and government bodies like the Indian Navy.
- How it makes money
- Sells ROVs and USVs and provides underwater inspection services on a project basis.
- What sets it apart
- Indigenously developed, tested in extreme conditions including Antarctic Sea and deep-water volcanic studies.
- Operations
- Has executed over 150 projects for more than 80 clients across power, oil and gas, ports, shipping, and government sectors.
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