Nauticus is acquiring the company for approximately $34 million in stock, before certain purchase price adjustments and assumption of debt.
The funded extension allows Nauticus Robotics to continue developing an Aquanaut-derivative in preparation for customer adoption decisions.
During Q2, Nauticus Robotics signed big contracts with Shell and Petrobas, and continued its work with the US DIU.
Nauticus Robotics has been awarded a contract with Petrobras to develop and test its autonomous underwater vehicle (AUV) Aquanaut in Brazil.
The Nauticus Aquanaut Mark 2 is the a fully autonomous underwater vehicle that extends undersea operations.
Nauticus Robotics develops ocean robots, software and services for the marine industry.
Formerly known as Houston Mechatronics, Nauticus is developing surface and underwater robots that perform a variety of ocean tasks, including transportation, data collection, equipment maintenance and more.
The Robot Report tracked 50 funding rounds in September 2023, bringing the year-to-date funding total to nearly $11 billion.
Sanctuary AI announces the launch of its first human-scale, bipedal robot called Pheonix, powered by Carbon AI.
The RBR50 celebrates worldwide robotics innovation and the forward-thinking organizations behind them.
Buy your conference passes before March 9 to save 50% on full access to the world’s leading commercial robotics development event.
More than 60 industry leaders will be on stage at the Robotics Summit & Expo (May 10-11 in Boston), the premier event for commercial robotics development.
Martin Buehler, Howie Choset, Marc Raibert and more to keynote the 2023 Robotics Summit & Expo, the world’s leading development event for commercial robots.
Leveraging experience developing space robots for NASA, Nauticus Robotics is developing underwater robots to perform inspection and maintenance tasks.
The Robot Report tracked 58 robotics investments in December 2021 that totaled at least $1.2 billion. China and the U.S. led the way.