EyeROV, a deep-tech-based underwater domain solutions provider company has raised INR 10 Crore (approximately $1.2 million) in Pre-Series A funding led by Unicorn India Ventures. Founded in 2016 by IITians Johns T Mathai and Kannappa Palaniappan P, EyeROV is known for its range of products and AI-based solutions in marine exploration.
EyeROV’s Journey
The journey of EyeROV is rooted in the idea of transforming how underwater inspections and exploration are conducted. The company’s founders saw the enormous opportunity and need for marine robotics to solve significant problems within sectors like offshore energy, maritime, and environmental sectors. Their mission was clear: to create new, advanced technology that may allow it to travel through the seas and gather important information.
Commercial Underwater Drones and Geographical Expansion
One of its major accomplishments was that EyeROV developed India’s first commercial underwater drone. These ROVs come with enhanced cameras, sensors, and manipulator arms thus the ability to execute complex operations in the underwater regions. EyeROV’s drones proved to be invaluable equipment when it comes to everything from inspecting underwater structures to gathering information on ocean environments.
With the fresh funds, the company wants to expand its market presence in foreign countries as EyeROV. Given its background in marine robotics, the company is in a vantage point to tackle global issues such as underwater structures, and environmental and research endeavors.
Pre-Series A Funding
The recent Pre-Series A funding round by Unicorn India Ventures indicates this, as mentioned earlier. The infusion of capital will strengthen the growth of the company and its ability to carry out expansion to different parts of the world. EyeROV aims to add more products to its list, expand on research and development, and target new categories in this industry.
Challenges faced by EyeROV
Marine robotics is an active and fast-growing research area for technologies applied to sensors, autonomy, and communication. If EyeROV is to remain competitive in the global market, it needs to continue being an innovator. Operating underwater drones requires following maritime laws and regulations as well as safety precautions. These are factors that EyeROV must consider as it grows in terms of operations. The shift in the industries to consider using marine robotics solutions is a result of creating awareness. Therefore EyeROV requires proper marketing techniques in order to break into various markets.
EyeROV’s technology compared to existing solutions
Marine robot company EyeROV has advanced the efficiency of inspecting offshore structures. EyeROV brought in Tuna, India’s first commercially available underwater drone. Tuna is a small remotely operated vehicle that is specially built for underwater inspections. While human diver has limitations in terms of depth and working hours then Tuna can work in an environment of 100 to 200 meters below sea level. EyeROV is also currently developing another new line of products that can inspect depths of up to 300m.
Underwater inspections also take time to handle high water currents low visibility and other sea creatures. Tuna’s robotic features address these issues. EyeROV has a simple platform for creating reports enriched with artificial intelligence and machine learning. It helps in timely decision-making for the owners of these assets. In this way, different industries such as shipping, oil and gas, infrastructure, construction, defense, and marine research sectors can take advantage of the technology of EyeROV. This makes the platform easy to use, expedites the inspection process, and guarantees knowledge-based recommendations.
Conclusion
The journey of EyeROV can be a great example of how the idea can be turned into a funded startup. The ever-expanding frontiers of EyeROV’s application depict the profound effect that this technology would have on marine industries and environmental conservation. EyeROV is set for some great growth and, with Unicorn India Ventures by its side, it can make huge strides in the underwater world.
