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Funding · AI & Deep Tech

EyeROV raises ₹13 crore to expand marine robotics operations

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EyeROV logo
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

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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