Leading Unicorn India Ventures, EyeROV, a marine robotics deep-tech firm, has raised or roughly $1.2 million, in a pre-Series A.
The business had already received $788K from GAIL and other sources.
According to a news statement from EyeROV, the money will be used to enhance the company’s geographic development into foreign markets and to develop cutting-edge maritime robotics products and solutions.
Johns T. Mathai and Kannappa Palaniappan P. co-founded EyeROV, a deep-tech business with a focus on marine robotics and artificial intelligence, in 2016. With the help of its state-of-the-art unmanned technologies, the company hopes to empower sectors like infrastructure, defence, maritime, and energy.
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The Kochi-based company claims to have developed an unmanned surface vehicle (USV) that offers solutions in India and the MENA area in addition to introducing commercial underwater drones/ROVs.
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Through the Innovations for Defence Excellence (IDEX) initiative, EyeROV collaborates with military forces and R&D labs to create maritime intelligence, surveillance, and reconnaissance (ISR) systems. Additionally, They develops solutions for infrastructure inspections.
After completing more than 100 underwater examinations, EyeROV asserts that its notable clientele includes Tata, Adani, BPCL, DRDO, and the Indian Coast Guard. By increasing sales in both home and foreign markets, it hopes to triple its revenue by the end of the fiscal year.
About EyeROV
EyeROV (IROV Technologies Pvt. Ltd.) is to lead the industry in underwater critical infrastructure inspections and surveys by providing cutting-edge technology and solutions. The first step towards realising this goal is EyeROV, smart and effective micro-ROV (Remotely Operated Vehicle)/underwater drone.
