Ship&Offshore | Issue 05/2023
Underwater inspection firm completes pre-seed funding round
Autonomous underwater navigation and data processing start-up, subdron GmbH has completed a pre-seed funding round, raising EUR 1.3 million from three investment groups. xista science ventures, a fund focusing on scientific progress, and Faber, with its Ocean/Climate Fund, led the capital-raising exercise, with participation from Saber GmbH, a private equity firm. Autonomous underwater vehicles (AUVs) are increasingly used to inspect under water infrastructure, port facilities, and ships’ hulls. The technology has the potential to support shipping’s decarbonisation process and cut maintenance and monitoring costs by as much as 50%, subdron claims....