Robohub.org
 

Liquid robotics gets $45 million to continue double-digit growth


by
19 March 2013



share this:
liquid wave glider

Liquid Robotics today is a far cry from it’s initial goal of recording whale songs. Today that function and those recordings are the domain of the Jupiter Foundation and Liquid is focusing on making wave gliders for industry, government and science.

Liquid Robotics just received a $45 million “E” round of funding and adds Riverwood Capital (of GoPro fame) to their stable of VCs. Total funding since 2005 is $85 million.

200+ Liquid Robotics Wave Gliders are at work on the seas in one of three areas of oceanography: (1) monitoring oil and gas operations, (2) assisting naval ops with classified activities, and (3) providing scientific, weather and other oceanographic data for commercial and scientific purposes.

Liquid plans to expand their marketing and sales staff and to double their fleet by the end of 2013, hence the need for the additional capital. “Approximately half of the fleet is involved with the Schlumberger oil and gas joint venture,” said Steven Springsteel, Liquid’s new COO/CFO. Springsteel also said that the vast majority of Liquid’s activities are profit-making and profitable.

Springsteel commented that the new funds will be used to grow the business to a sustainable profitability without having to go public.




Frank Tobe is the owner and publisher of The Robot Report, and is also a panel member for Robohub's Robotics by Invitation series.
Frank Tobe is the owner and publisher of The Robot Report, and is also a panel member for Robohub's Robotics by Invitation series.





Related posts :



Robot Talk Episode 115 – Robot dogs working in industry, with Benjamin Mottis

  28 Mar 2025
In the latest episode of the Robot Talk podcast, Claire chatted to Benjamin Mottis from ANYbotics about deploying their four-legged ANYmal robot in a variety of industries.

Robot Talk Episode 114 – Reducing waste with robotics, with Josie Gotz

  21 Mar 2025
In the latest episode of the Robot Talk podcast, Claire chatted to Josie Gotz from the Manufacturing Technology Centre about robotics for material recovery, reuse and recycling.

Robot Talk Episode 113 – Soft robotic hands, with Kaspar Althoefer

  14 Mar 2025
In the latest episode of the Robot Talk podcast, Claire chatted to Kaspar Althoefer from Queen Mary University of London about soft robotic manipulators for healthcare and manufacturing.

Robot Talk Episode 112 – Getting creative with robotics, with Vali Lalioti

  07 Mar 2025
In the latest episode of the Robot Talk podcast, Claire chatted to Vali Lalioti from the University of the Arts London about how art, culture and robotics interact.

Robot Talk Episode 111 – Robots for climate action, with Patrick Meier

  28 Feb 2025
In the latest episode of the Robot Talk podcast, Claire chatted to Patrick Meier from the Climate Robotics Network about how robots can help scale action on climate change.

Robot Talk Episode 110 – Designing ethical robots, with Catherine Menon

  21 Feb 2025
In the latest episode of the Robot Talk podcast, Claire chatted to Catherine Menon from the University of Hertfordshire about designing home assistance robots with ethics in mind.

Robot Talk Episode 109 – Building robots at home, with Dan Nicholson

  14 Feb 2025
In the latest episode of the Robot Talk podcast, Claire chatted to Dan Nicholson from MakerForge.tech about creating open source robotics projects you can do at home.

Robot Talk Episode 108 – Giving robots the sense of touch, with Anuradha Ranasinghe

  07 Feb 2025
In the latest episode of the Robot Talk podcast, Claire chatted to Anuradha Ranasinghe from Liverpool Hope University about haptic sensors for wearable tech and robotics.





Robohub is supported by:




Would you like to learn how to tell impactful stories about your robot or AI system?


scicomm
training the next generation of science communicators in robotics & AI


©2024 - Association for the Understanding of Artificial Intelligence


 












©2021 - ROBOTS Association