We are excited to announce that Antares Ventures co-led a CA$ 2.8 million investment round in Open Ocean Robotics (OOR), a Canadian maritime robotics and AI company transforming ocean monitoring. Traditionally, monitoring coastlines and open waters requires fixed assets on shore, satellites, crewed ships, or aircraft, which are expensive, labor-intensive, and polluting. OOR provides safe, affordable, sustainable, and scalable ocean monitoring solutions that are solar-powered. OOR's uncrewed surface vehicles (USV) can operate at sea for several months, collecting data with a suite of sensors without producing GHG emissions, noise pollution, or risking oil spills. We look forward to working with Julie Angus and our co-investors Spring Impact Capital, Katapult Ocean, Alacrity Canada and DTN Ventures LLC Antares Ventures' investment thesis centered around the huge opportunity for OOR to support maritime monitoring in Southeast Asia, a region with close to 30,000 islands, a massive 173,000 km coastline, and 9 million square km sea surface, representing 30% of global maritime trade. At the same time, Southeast Asia has a fragile marine ecosystem. For example, the region is a core part of the Coral Triangle, which represents 75% of all coral species and 40% of all reef fish species worldwide. Antares Ventures will support Open Ocean Robotics to expand across Southeast Asia, using Singapore is a basis. OOR's participation in the PIER71™ accelerator organized by Maritime and Port Authority of Singapore (MPA) has been a great start for enhancing its connectivity with the region. Read more about the investment round in https://lnkd.in/gi9ZYn8r Julie Angus Fritz Stahr Keith Ippel Tharald Nustad Ross Brooks Leah Perry Eng Dih Teo Heng-Tong CHOO Emily Liew Milena Nikolova Louis Christian V. #sustainability #oceantech #cleantech #deeptech #Singapore #SoutheastAsia #Antares #AntaresVentures
Open Ocean Robotics has successfully closed a $2.8M investment round, co-led by global impact investors, Antares Ventures and Spring Impact Capital, along with Katapult Ocean, Alacrity Canada, and others. This investment will enable us to scale our sustainable ocean monitoring solutions, expand operations into Southeast Asia, and continue transforming maritime technology. Excited to lead the future of ocean monitoring! Read the full press release to learn more about our innovative technology and future plans here: https://lnkd.in/gi9ZYn8r #OceanTech #Sustainability #ImpactInvesting
We're proud to lead alongside Michael Gryseels and the Antares Ventures team with this pivotal round for Open Ocean Robotics. Scaling solutions for sustainable oceans.
We thrilled to have Antares Ventures co-lead our latest investment round to help us accelerate our mission to understand our oceans using AI and autonomous technologies, as well as expand to Southeast Asia!
Big congratulatons to Antares Ventures and Open Ocean Robotics for reaching this significant milestone.
Congrats Michael Gryseels and Open Ocean Robotics !
We're thrilled to have your support and excited for what’s ahead!