EyeROV, a marine robotics deep-tech startup, has successfully secured INR 10 Crore ($1.2 million) in a Pre-Series A funding round led by Unicorn India Ventures. This funding will play a crucial role in strengthening EyeROV's presence in international markets and advancing the development of innovative marine robotics products and solutions.
Founded in 2016 by IIT alumni Johns T Mathai and Kannappa Palaniappan P, EyeROV is at the forefront of revolutionizing industries like energy, maritime, defense, and infrastructure with its cutting-edge unmanned technologies. The company has introduced India's first commercial underwater drones/ROVs and an unmanned surface vehicle (USV) that caters to clients in India and the MENA region.
With a focus on inspecting long tunnels and pipelines, EyeROV also boasts advanced integration capabilities for specialized payloads, making it a key player in the marine robotics space. CEO of EyeROV, Johns T Mathai, expressed excitement about the funding, stating, 'With this investment, we can accelerate our sales, research and development, and operational expansion. Our proven solutions for underwater infrastructure inspections have garnered success in the Indian market and are now poised for global outreach.'
The company's clientele includes prestigious names like Tata, Adani, BPCL, DRDO, and the Indian Coast Guard, further solidifying EyeROV's position as a trusted provider of marine robotics solutions.
Greaves Cotton Limited, a leading diversified engineering company in India, has reported robust results for the first quarter of FY25. The company's standalone revenues grew by 12% year-on-year to INR 445 crore, with quarterly EBITDA reaching INR 50 crore, also up by 12% year-on-year. On a...
FPT Semiconductor, a subsidiary of FPT Corporation, is gearing up for collaboration with Korean enterprises to capitalize on the 'Semiconductor Wave' in Vietnam. At the Vietnam-Korea Semiconductor Cooperation Conference in Hanoi, Mr. Tran Dang Hoa, Chairman of FPT IS and FPT Semiconductor,...
Kazam, an EV charging platform, has successfully secured USD 8 million in funding to expand its technology, product offerings, and market presence. The funding round was led by Vertex Ventures Southeast Asia and India, with participation from Avaana Capital, Alteria Capital, and other...
The GEP Global Supply Chain Volatility Index for July indicated a decline in demand for raw materials and semi-manufactured goods, pointing towards a slowdown in economic growth. With underutilized capacity at global suppliers, the report highlighted the greatest slack in supply chains in...
SI Group, a prominent global developer and manufacturer of performance additives, process solutions, pharmaceuticals, and chemical intermediates, has recently unveiled its redesigned website at www.siigroup.com. The new website aims to provide an enhanced user experience, highlighting the...