Vaarst develops autonomous, cloud-managed robotic systems that use AI, underwater 3D SLAM-based vision and level 4 autonomy to inspect and manage offshore assets. Its technology targets offshore wind, wave and tidal, scientific, maritime security and civil industries and is delivered commercially via sister company Rovco. The stack emphasises computer vision and data management to present seabed information in real time to any device worldwide and to reduce offshore personnel and costs (single service vessel costs can reach up to $10m per month). The company says the funding will expand its work in computer vision and data management and support globalisation plans, including expansion to Austin, Texas and Tokyo and increased presence across Europe. Vaarst was formed in March 2021 and counts customers including Iberdrola, SSE and DeepOcean. The product positioning focuses on improving asset integrity while lowering costs for marine operations.

Total raised

$20M

Funding rounds

1

Latest round

Series B

Latest activity

Apr 2022