Liquid Robotics has raised a $22 million series d investment, led by VantagePoint Capital Partners. Based in Hawaii and California, the company makes wave-powered, marine drones that are remote controlled by satellite, and capable of roaming the seas unmanned to gather environmental and defense-related data.
Liquid Robotics also announced the appointment of a new chief executive officer today, Bill Vass, previously the president and chief of operations at Sun Microsystems Federal.
VPCP’s cleantech portfolio includes: the now-public Solazyme, makers of algae-based chemicals and fuels; Tesla Motors the electric vehicle pioneers; a designer and builder of large-scale solar power plants, BrightSource Energy; and Ostara, a company with technology that removes phosphorous and other nutrients out of the ocean (where in too high concentration, they can harm marine life) and recycles these into sustainable fertilizers.
Oilfield services provider Schlumberger also contributed to the series d round in Liquid Robotics. The company’s vehicles are used today in oil field exploration and monitoring.
VantagePoint Venture Partners has more than $4.5 billion in capital under management and invests in the cleantech, healthcare, and IT sectors.
Liquid Robotics, Inc. is an ocean data services provider and developer of the Wave Glider® marine robot that functions as a persistent and versatile platform for scientific, industrial and government payloads. Based in Silicon Valley and Hawaii, the company’s Wave Glider® vehicle is enabling dozens of applications and missions never before attainable. For more information, visit www.liquidr.com. Award Winning: • Recipient of the $100,000 Gulfstream Navigator 2011 award • Named as GoingGreen Global 200 winner • Recipient of the Wall Street Journal 2010...
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