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Nauticus Robotics, an acknowledged developer of subsea robotics and software headquartered in the United States, recently obtained $12 million in funding to achieve its 2024 objectives, involving enhanced autonomy for subsea robots.
The new funding will accelerate up certification of Nauticus' flagship robot, the Aquanaut, which enables transitioning from tethered ROV operations to entirely autonomous operations. During February, it is anticipated to carry out an array of tasks in water depths ranging from 200 to 2000 metres while preparing for its first inspection of a deep-sea production facility operated by a major oil and gas corporation in the Gulf of Mexico.
"We realised that the most rapid path to full autonomy would be the deployment of 'tethered/augmented autonomy.' This allows the client and operators to intervene while Nauticus collects the operational data required to train our completely autonomous solutions for the future," stated Nauticus President John Gibson.
"This is feasible because our software design is platform neutral, meaning it can be used on any subsurface vehicle. It has already been implemented on numerous rival vehicles for defense-related operations. This enables the corporation to become a multi-platform operating system for a wide range of previously deployed vehicles. The expected efficiency savings for current platforms employing 'tethered autonomy' will approach 20%, while also lowering emissions and boosting safety for all subsea robots."
The company added that, although it is strongly investing in commercialization, it is also diligently trying ways to lower G&A expenses, and modifications to match board costs with current forecasts are underway. On/ top of that, the board has retained Piper Sandler & Co. to aid in evaluating potential strategies for boosting shareholder value, including acquiring 3D At Depth.
"What Nauticus has planned has the potential to completely revolutionise the business - and I don't say that lightly. We can now normalise ROV operator performance since there will be no more differences in personnel skill levels. "This obviously provides significant safeguards to any company using this technology," said Sean Halpin, Head of Autonomous Solutions at Nauticus Robotics.
Read the full press release here- https://ir.nauticusrobotics.com/news-events/press-releases/detail/51/nauticus-robotics-raises-12m-in-funding-to-execute-2024
