Company Name: Nauticus Robotics (NASDAQ: KITT)
Location: Houston, TX
Sector: Subsea Robotics and Software
Funding Details: Raised $12M, backers undisclosed.
Purpose of Investment: To expedite the certification of Aquanaut, its flagship autonomous underwater vehicle, transforming tethered Remotely Operated Vehicle (ROV) operations into fully autonomous operations.
Product: Nauticus Robotics develops autonomous subsea robots like Aquanaut, equipped with advanced sensors, AI, and algorithms for effective environmental adaptation and decision-making. These robotic systems serve both commercial and government sectors, aiming to reduce operational costs and enhance data collection for subsea infrastructure maintenance and operation.
About Company: Focused on revolutionizing ocean industry operations, Nauticus Robotics leverages cutting-edge technology to create autonomous robots that can independently perform tasks in challenging underwater environments. Their innovative approach aims to make subsea operations more efficient, cost-effective, and adaptable to complex conditions.
Business Model: Embraces a Robotics-as-a-Service (RaaS) model, supplemented by direct sales of vehicles, components, and software licensing, catering to a broad spectrum of subsea operational needs across commercial and governmental domains.